SLANG Worldwide (TSE:SLNG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SLANG Worldwide Inc. reported mixed financial results for Q1 2024, with a decrease in revenue to $7.03 million due to competition and market challenges in Core Markets, though partially offset by a surge in e-commerce and Vermont wholesale channels. Gross profit saw a significant drop to $3.36 million, but operational efficiencies helped reduce operating expenses. The company remains optimistic about future growth in the cannabis sector, energized by potential U.S. federal rescheduling of cannabis.
For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.
