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re: Let’s talk weed stocks in this thread
Posted on 1/24/19 at 5:54 pm to Statestreet
Posted on 1/24/19 at 5:54 pm to Statestreet
Slang Worldwide
Seems like one to watch
quote:
Cannabis Brand Company SLANG to Debut on CSE
quote:
Another cannabis company is entering the Canadian Stock Exchange as it seeks to expand into public markets. SLANG Worldwide Inc (also known as Fire Cannabis Inc) announced that the company completed a previously announced offering of subscription receipts, with gross proceeds of the fundraiser coming to $66 million. With this completed, alongside having met Escrow release conditions, the company has obtained conditional approval to be listed on the CSE.
“These transactions establish SLANG as a leading consumer packaged goods company in the cannabis industry. We’re on the frontier of one of the greatest opportunities in the history of consumer-packaged goods,” said CEO and Co-Founder Peter Miller.
Seems like one to watch
1
Posted on 1/28/19 at 11:40 am to Statestreet
Slang is the Cannabis IPO to watch- Real Money
Hopefully there is some synergy with these consolidating companies to create a huge brand name
Hopefully there is some synergy with these consolidating companies to create a huge brand name
quote:
The company has an implied market value of $541 million and the shares are expected to be priced at $1.50. However, this share price was determined prior to Constellation Brands' (STZ) investment into Canopy Growth (CGC) , sending cannabis stock valuations higher, so this could end up being an unusually low price.
What makes this IPO one to watch is the inclusion of Organa Brands. Before listing on the CSE, SLANG acquired Organa for northwards of $200 million according to Billy Levy, Co-founder and President of Slang. Denver-based Organa Brands' official name is National Concessions Group Inc. The company is best known for its vape brand O.penVAPE. The company also makes Bakked dab products, Magic Buzz cannabis beverages and District Edibles gummies. It's best known for the Organa Labs, which is the extraction process part of the company and is essentially its backbone.
quote:
In addition to the Organa acquisition, Slang is also acquiring NWT Holdings, which is also known as Firefly. This is a dry material vape pen that competes with the well-known PAX device. Miller said he was most impressed with Firefly's co-founder Mark Williams, who was a design manager at Apple (AAPL) , leading the Mac OS X interface. "His design expertise is truly blue chip," said Miller. "We want to leverage his expertise of industrial design across the whole portfolio, as well." He said that the next generation of Firefly vape pens are going to occupy a super-premium segment of the market. Firefly will also be launching its own oil products this year.
quote:
Slang will also have the right of first refusal to license the Green House Brands, which includes the Green House Seed Co. and Strain Hunters. The Green House Seed Company has produced over 60 award-winning cannabis strains and was founded by Arjam Roskam.
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