tiprankstipranks
SLANG Worldwide Faces Revenue Decline in Q2 2024
Company Announcements

SLANG Worldwide Faces Revenue Decline in Q2 2024

Story Highlights

SLANG Worldwide (TSE:SLNG) has released an update.

Don't Miss Our Christmas Offers:

SLANG Worldwide, a cannabis CPG company, reported a significant drop in second quarter 2024 revenue and gross profits, as well as a decrease in operating expenses. The company is experiencing competitive pressures, leading to a 26% year-over-year decline in sales and is seeking strategic and financial alternatives to resolve its challenges.

For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Initiates Bankruptcy Proceedings in Canada
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Navigates Receivership and Debt Extension
TipRanks Canadian Auto-Generated NewsdeskSLANG Worldwide Announces Wind-Down Amid Financial Struggles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App