08:22:00 EST Tue 31 Jan 2023
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or Name

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Slang Worldwide Inc
Symbol SLNG
Shares Issued 418,181,087
Close 2021-03-02 C$ 0.52
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Slang partners for cannabis-based skin care products

2021-03-02 11:07 ET - News Release

Mr. Chris Driessen reports


Slang Worldwide Inc. has signed a strategic partnership agreement with Aver Skin to manufacture, co-package and distribute cannabis-based skin care products. Aver was founded by a team of pioneering experts in the fields of premium skin care, cannabis and advanced scientific research, and aims to unlock the full potential of cannabinoid skin care.

As part of the agreement, Slang will produce THC-infused topical skin care creams for Aver on a co-packing basis, as well as distribute products through its network partners. This strategic partnership demonstrates the value of Slang's manufacturing and distribution capabilities within the cannabis CPG marketplace.

Tobias Ripsom, chief executive officer of Aver Skin, said: "We believe that cannabinoids have the properties to promote healthy, beautiful skin, alleviate discomfort and catalyze healing. Our products are formulated and manufactured to meet the industry's highest ethical and quality standards. Partnering with Slang will strengthen our ability to execute this vision and bring our innovative products to the Colorado market in 2021."

The Slang-manufactured line of skin care products is expected to launch in Colorado in early 2021, with the potential to expand into additional markets over time.

"We have been impressed with the Aver Skin team's innovative product offerings and unique approach to wellness," said Chris Driessen, chief executive officer of Slang. "This is yet another example of Slang forming a strategic partnership that leverages our manufacturing and distributing capabilities for the mutual benefit of both entities."

This is Slang's most recent agreement with a third party brand, as the company continues to build its best-in-class distribution network and ability to manufacture branded products across multiple markets and categories.

About Slang Worldwide Inc.

Slang Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. Slang is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the OTCQB under the symbol SLGWF.

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