Slang Worldwide Inc (OTCMKTS: SLGWF) is the most recent cannabis player to pop on our radar. The business has constructed up rather a buzz and we decided to take a closer appear.

So far the stock has traded in a tight variety for a cannabis play. Considering the fact that SLGWF began trading on the OTC Markets back in February, the stock has traded in between $1.40 and $two.50 a share. With Slang Worldwide stuck in the middle of the variety, traders are asking if we are going to see new highs or lows initially?

SLGWF Everyday Chart

Slang Worldwide Background

1st up, here’s a small background information for these that are not familiar with SLGWF. SLANG Worldwide Inc. is a top cannabis-focused customer packaged goods business.  The Corporation is focused on acquiring and building market place-established regional brands, as nicely as generating new brands to meet the requires of cannabis buyers worldwide. SLANG is listed on the Canadian Securities Exchange beneath the ticker symbol SLNG and SLGWF on the OTC Markets.

SLANG Worldwide has the widest distribution of merchandise in the US. Nowadays, buyers can acquire SLANG’s branded merchandise in extra than two,600 retail retailers across 11 US states. SLANG’s portfolio of brands contains category-top merchandise such as O.penVAPE, Pressies, District Edibles, Bakked, Magic Buzz, Firefly vaporizers and the iconic Green Property/Strain Hunters.

SLANG Worldwide co-founders Peter Miller (CEO) and Billy Levy (President) co-founded Mettrum Well being Corp, a top Canadian licensed producer that was acquired by Canopy Development in 2016. Each co-founders Peter Miller and Billy Levy have been honored as Higher Instances 100 Most Influential Men and women in Cannabis for 2019 for their leadership in the cannabis market. SLANG Worldwide CEO Peter Miller mentioned:

“SLANG Worldwide’s mission is to develop a portfolio of top cannabis customer merchandise and an substantial distribution network to sell our merchandise. In 2018, we laid the foundational creating blocks with SLANG’s acquisitions of Organa Brands and Firefly, which had been completed in January 2019. Nowadays we are a distinct business: SLANG is in a position of strength with a diverse portfolio of higher performing cannabis brands distributed in more than two,600 retailers across 11 US states, Puerto Rico, Canada, and Jamaica. We strategy to leverage our brand, distribution and partnership strengths and count on speedy development and scale in the months to come.”

2018 Benefits

The Corporation reported income of $five.two million in 2018, consisting mostly of rental earnings. Operating expenditures in 2018 had been $19.eight million, relating mostly to valuation adjustments, skilled and non-money advertising expenses in the startup phase of the Company’s company. Net loss in 2018 was $28. million, of which $23.eight million was connected to non-money advertising, goodwill adjustments, share compensation, and derivative adjustments. The Company’s reported monetary outcomes for the initially quarter ending March 31, 2019 will include things like outcomes for Organa Brands and Firefly beginning from January 22, 2019, the date the acquisitions had been completed.

2019 Outlook

Slang Worldwide expects to expand its distribution network to bring new merchandise to market place and develop revenues. Slang’s branded merchandise are at the moment obtainable in more than two,600 retail areas, 11 states, and 5 continents. The business plans to continue to expand the geographic places exactly where cannabis merchandise can be purchased.

The Corporation plans to enter the Canadian market place following an anticipated regulatory alter that will permit the sale of cannabis-infused merchandise in October 2019. Slang Worldwide is also evaluating more international markets to determine appropriate jurisdictions for prospective market place entry.

Bottom Line

Presently trading with a market place cap of $374 million, Slang Worldwide is an thrilling story amongst cannabis stocks. Its co-founders have currently constructed and sold one particular business to Canopy Development Corp (NYSE: CGC). Is Slang Worldwide the subsequent business they sell? If they do, it will definitely be at a significantly greater valuation than exactly where the stock is at the moment trading at nowadays. Slang has probably the very best-branded merchandise on the market place and why we believe SLGWF will see new highs sooner rather than later.

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Disclosure: We have no position in SLGWF and have not been compensated for this report.

Photo by Yash Lucid from Pexels

Slang Worldwide Inc (OTCMKTS: SLGWF) Is Today’s Cannabis Concentrate