Numerous States and Countries to Re-evaluate Stance on Cannabis as Global Sales Grow - Seite 3

"These transactions establish SLANG as a leading consumer packaged goods company in the cannabis industry," said Peter Miller, SLANG Co-Founder and CEO. "We're on the frontier of one of the greatest opportunities in the history of consumer packaged goods."

The Acquisitions will complement SLANG's portfolio of brands in the global cannabis industry, which includes a right of first refusal to license the Green House Brands (Green House Seed Co. and Strain Hunters) in the United States. Management believes that SLANG's portfolio of brands is uniquely positioned to thrive in the highly competitive cannabis market, as each brand is built on intellectual property with a proven track record of success. The Company will continue to develop and market best-selling branded products that provide the high quality and consistency valued by loyal and prospective consumers. SLANG's products can now be found in over 2,600 stores across 10 US states and 14 countries.

"We believe that the greatest value in the industry will be created by strong brands that are widely distributed, and our strategy reflects that belief," said Billy Levy, Co-Founder and President. "SLANG expects to compete at the highest levels in mature cannabis markets while maintaining minimal exposure to commodity cannabis production."

About SLANG - SLANG is a leading cannabis-focused consumer packaged goods company. The Company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide.

About Organa Brands - Organa Brands revolutionized the cannabis industry with the introduction of the ground-breaking O.penVAPE device in 2012. Today, Organa Brands is home to some of the world's largest consumer cannabis brands. After developing O.penVAPE, Bakked, Pressies, and Organa Labs into world-class brands with nationwide distribution, the company acquired The Magic Buzz, and an interest in, and exclusive distribution rights for, District Edibles. Organa Brands sells one of its products every 4 seconds around the world, and has delivered over one billion puffs through its flagship O.penVAPE line. A pioneer in the cannabis space, Organa Brands products are available in 10 US states, Canada, and Jamaica.