SLANG Worldwide Inc. (CNSX:SLNG) entered into a definitive agreement to acquire NS Holdings LLC on June 9, 2021. Pursuant to the transaction, SLANG will issue 2,152,002 SLANG common shares and 3,187,503 SLANG restricted voting shares to NS shareholders within the next ten days. SLANG will also pay 2,125,002 common shares and 2,629,690 restricted shares upon closing. SLANG may issue additional shares to NS Holdings vendors upon the achievement of certain performance milestones. The transaction is subject to approval of the Canadian Securities Exchange and the Oregon Liquor Control Commission and expected to occur in Q3 2021.
SLANG Worldwide Inc. (CNSX:SLNG) completed the acquisition of NS Holdings LLC on April 12, 2022.
SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units (SKUs). The Company brings its products to market through three channels: Core Markets-Colorado and Vermont, Emerging Markets-Strategic Partnerships in nine States and THC Free-Distribution & Ecommerce. Its Core Markets include Colorado and Vermont. Its Emerging Markets include Florida, Maine, New Mexico, Michigan, Pennsylvania, Washington, West Virginia, Maryland and Puerto Rico. Its THC Free includes dry herb vaporizer, the Firefly 2+, line of Alchemy Naturals CBD gummies, as well as batteries and various other product components including packaging and hardware.