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., a key player in the cannabis CPG industry, reported a revenue of $7.03 million for Q1 2024, a period marked by strategic diversification and operational efficiencies. Despite facing increased competition and a general decline in their Core Markets, the company saw substantial growth in its e-commerce segment by approximately 45% and a 417% increase in Vermont wholesale year-over-year. Additionally, the company is optimistic about the potential positive impact of the U.S. Department of Justice’s recommendation to reclassify cannabis from Schedule I to Schedule III.
For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.
