SLANG Worldwide (TSE:SLNG) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
SLANG Worldwide Inc. reported mixed financial results for Q1 2024, with a decrease in revenue to $7.03 million due to competition and market challenges in Core Markets, though partially offset by a surge in e-commerce and Vermont wholesale channels. Gross profit saw a significant drop to $3.36 million, but operational efficiencies helped reduce operating expenses. The company remains optimistic about future growth in the cannabis sector, energized by potential U.S. federal rescheduling of cannabis.
For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.
