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SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) announced its financial results Friday for the three and twelve months ended Dec. 31, 2023, revealing a double-digit decrease in both fourth quarter and full year 2023 loss.
“In 2023, we took a deliberate approach to advancing our strategy of profitable growth, creating a leaner, more nimble SLANG. As a result, we ended the year with increased gross profit, higher margins, and lower operating expenses which resulted in significantly lower total comprehensive loss and lower adjusted EBITDA loss,” said John Moynan, the company's CEO. “With the fourth quarter historically our seasonally lowest revenue quarter, we took the opportunity to further fortify our business and refine our product offering, which will help us make meaningful progress on the path to profitability.”
As yet another earnings season winds down, reported financial results will surely be one of the hot topics at the upcoming Benzinga Cannabis Capital Conference which returns to Florida on April 16 and 17.
SLANG Worldwide's shares traded 5.8824% lower at $0.028 per share at the time of writing on Friday morning.
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!