Read More

Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue

SLANG Worldwide Inc. announced on Friday financial results for the three and twelve months ended Dec. 31, 2023, revealing a double-digit decrease in both the fourth quarter and full year 2023 loss. "In 2023, we took a deliberate approach to advancing our strategy of profitable growth, creating a leaner, more nimble SLANG. As a result, we ended the year with increased gross profit, higher margins, and lower operating expenses which resulted in significantly lower total comprehensive loss and lower adjusted EBITDA loss, John Moynan, the company's CEO, said. "With the fourth quarter historically our seasonally lowest revenue quarter, we took the opportunity to further fortify our business and refine our product offering, which will help us make meaningful progress on the path to profitability."

CSE:SLNG