SLANG Worldwide Reports Mixed Q1 2024 Results
Company Announcements

SLANG Worldwide Reports Mixed Q1 2024 Results

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

SLANG Worldwide Inc., a key player in the cannabis CPG industry, reported a revenue of $7.03 million for Q1 2024, a period marked by strategic diversification and operational efficiencies. Despite facing increased competition and a general decline in their Core Markets, the company saw substantial growth in its e-commerce segment by approximately 45% and a 417% increase in Vermont wholesale year-over-year. Additionally, the company is optimistic about the potential positive impact of the U.S. Department of Justice’s recommendation to reclassify cannabis from Schedule I to Schedule III.

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

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Announces Wind-Down Amid Financial Struggles
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Navigates Debt Repayment Challenges
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Faces Revenue Decline in Q2 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App