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SLANG Shares Surging: Growth Continues For Cannabis Co. As Q3 Revenue And Gross Profit Increase

Benzinga ·  Nov 28, 2023 23:36

SLANG Worldwide Inc.(CSE:SLNG) (OTCQB:SLGWF) reported on Tuesday results for thethree and nine months ended Sept. 30, 2023,revealing an increase in both revenue and gross profit, sequentially and year-over-year.

"The third quarter was another solid quarter for SLANG, with both revenue and gross profit increasing sequentially and year-over-year. Impressively, all our operating business units exceeded expectations for the quarter, with each one cash flow positive on a standalone and operational basis,"John Moynan,CEO of the Toronto-based cannabis consumer packaged goods (CPG) company, said.

Q3 2023 Financial Results

  • Total revenueamounted toCA$ 9.1 million ($6.7 million...
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