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SLANG Worldwide Inc.: SLANG Worldwide Announces First Quarter 2021 Financial Results Gross margin of 37% in Q1 2021, compared with 33% in Q4 2020 Cash and cash equivalents of $12.4 million as of March 31, 2021 Strong brand performance, with approximately 747,927 Branded Units sold in Q1 2021 (a 44% increase over Q1 2020) 1 SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) (" SLANG" or the " Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2021. All fig...

“With this financing under our belt, we can complete the final build out of our [European] manufacturing site, continue the investment in our feedstock supply chain and enter full-scale commercialization,” said chief executive Noel Hall. Since the company’s last financing a year ago, the number of customers using its natural bast fibres on commercial production lines has significantly increased, so investing in manufacturing capacity to feed the strong market demand is critical, Hall said. The company raised $4.5 million last year that allowed it to complete trials and start producti...

/PRNewswire/ -- Bast Fibre Technologies (BFT), une société d'ingénierie des fibres naturelles de technologies propres, annonce la clôture d'un financement par...

Bast Fibre Technologies (BFT), a cleantech natural fiber engineering company working with hemp, announced this week the closing of a CAD$8.5 million ($7 million) Series A equity financing round. U.S.-based private equity firm Merida Capital Holdings is a key new shareholder in this Series A financing, which also includes significant participation from existing investors. The company will now enter its next phase of growth focused on the full-scale manufacturing and commercialization of natural bast fibers for nonwoven products. “Merida is making strategic moves within the hemp fiber space...

After a relatively stable few days, cannabis stocks returned to the red Thursday. The United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., ended the week almost flat. The North American Marijuana Index, which also includes Canadian stocks, lost 5.6 percent... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: