SLANG Worldwide Q1 2024: Mixed Financial Outcomes
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SLANG Worldwide Q1 2024: Mixed Financial Outcomes

SLANG Worldwide (TSE:SLNG) has released an update.

SLANG Worldwide Inc. reported mixed financial results for Q1 2024, with a decrease in revenue to $7.03 million due to competition and market challenges in Core Markets, though partially offset by a surge in e-commerce and Vermont wholesale channels. Gross profit saw a significant drop to $3.36 million, but operational efficiencies helped reduce operating expenses. The company remains optimistic about future growth in the cannabis sector, energized by potential U.S. federal rescheduling of cannabis.

For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.

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