Slang Worldwide (TSE:SLNG) has released an update.
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SLANG Worldwide Inc. reports a financially robust end to 2023, with a notable 51% adjusted gross profit margin in Q4 and a 6% increase in annual adjusted gross profit, despite a slight 7% dip in overall revenue. The company has also successfully cut operating expenses by around 20% and launched a new wholesale initiative in Vermont, indicating a strategic pivot towards profitability and market differentiation in the competitive cannabis industry.
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