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SLANG Worldwide Inc. (C:SLNG)

Business Focus: Medical Farming

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
Company Contact
Address: 50 Carroll Street
Toronto ON M4M 3G3
Tel: N/A
Website: https://slangww.com
IR: See website
Key People
John Moynan
Chief Executive Officer, General Counsel, Company Secretary
Mikel Rutherford
Chief Financial Officer
 
Business Overview
SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units (SKUs). The Company brings its products to market through three channels: Core Markets-Colorado and Vermont, Emerging Markets-Strategic Partnerships in nine States and THC Free-Distribution & Ecommerce. Its Core Markets include Colorado and Vermont. Its Emerging Markets include Florida, Maine, New Mexico, Michigan, Pennsylvania, Washington, West Virginia, Maryland and Puerto Rico. Its THC Free includes dry herb vaporizer, the Firefly 2+, line of Alchemy Naturals CBD gummies, as well as batteries and various other product components including packaging and hardware.
Financial Overview
For the six months ended 30 June 2024, Slang Worldwide Inc revenues decreased 31% to C$13.3M. Net loss increased from C$5.3M to C$17.7M. Revenues reflect Core Markets segment decrease of 36% to C$10.3M, Emerging Markets CBD and Distribution segment decrease of 4% to C$3M, Canada segment decrease from C$52K to C$0K. Higher net loss reflects Accretion expense increase from C$2.9M to C$6.1M (expense).
Employees: 152 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $25.96M as of Jun 30, 2024
Annual revenue (TTM): $29.73M as of Jun 30, 2024
EBITDA (TTM): -$6.11M as of Jun 30, 2024
Net annual income (TTM): -$31.80M as of Jun 30, 2024
Free cash flow (TTM): -$3.67M as of Jun 30, 2024
Net Debt Last Fiscal Year: $35.17M as of Jun 30, 2024
Shares outstanding: 229,181,337 as of Jun 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization