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SLANG Worldwide (CNSX:SLNG) Branded Consumer Products Company Backed By Canopy Growth (TSE:WEED)
SLANG Worldwide (CNSX:SLNG) is a branded consumer products company operating in the cannabis space. CEO Peter Miller reveals that the company is focused on creating regional brands. Backed by industry powerhouse Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1), SLANG went public in January after raising $66 million. SLANG does not cultivate, as that process is capital intensive, nor is it a retailer, as the company does not want to compete with its customer base. Instead, SLANG focuses on the extraction through distribution stages. The company has a portfolio of dominant brands across all categories. SLANG’s branded products are in approximately 2600 stores and available in 14 countries. Operating in 10 states, Miller muses that that company was the original “multi-state operator.”