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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Slang Worldwide
Slang Worldwide (SLNG) investor relations material
Slang Worldwide has been delisted
Slang Worldwide Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary26 Aug, 2024
Executive summary
Q2 2024 saw a 26% year-over-year revenue decline to $6.28 million, mainly due to lower Core and Emerging Market sales and increased competition.
Gross profit dropped 38% year-over-year to $2.69 million, with gross margin falling to 43% from 52%.
Operating expenses decreased 12% year-over-year to $5.47 million, driven by lower salaries, consulting, and G&A costs.
Total comprehensive loss widened to $11.50 million from $5.16 million in Q2 2023, impacted by higher impairments and lower gross profit.
Management is working with financial advisors to explore strategic and financial alternatives.
Financial highlights
Net operating revenue: $6.28 million in Q2 2024 vs. $8.44 million in Q2 2023.
Gross profit: $2.69 million (43% margin) in Q2 2024 vs. $4.35 million (52% margin) in Q2 2023.
EBITDA: ($2.07 million) in Q2 2024 vs. ($1.17 million) in Q2 2023; Adjusted EBITDA: ($1.42 million) vs. ($0.76 million).
Cash and restricted cash: $6.75 million as of June 30, 2024, down from $8.32 million at March 31, 2024.
Earnings per share: ($0.05) basic and diluted in Q2 2024 vs. ($0.02) in Q2 2023.
Outlook and guidance
Management continues to face competitive headwinds and limited cash for operations, prompting a review of strategic alternatives.
Commitment to updating shareholders as the process evolves.
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Frequently asked questions
Slang Worldwide Inc. is a Canadian cannabis-focused company that develops, markets, and distributes a portfolio of branded cannabis products. The company offers a range of products including edibles, concentrates, and vape cartridges, targeting both medical and recreational cannabis markets. Slang operates through partnerships with licensed producers and distributors in various regions to expand its product reach and presence. The company focuses on building a strong portfolio of recognizable brands in the cannabis industry. The company is headquartered in Toronto, Ontario, and its shares are listed on the Canadian Securities Exchange.