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SLANG Worldwide (CSE:SLNG) acquires NS Holdings Inc.

Cannabis
CSE:SLNG
13 April 2022 08:45 (EDT)

SLANG Worldwide (SLNG) has closed its acquisition of NS Holdings, a manufacturing business based in Oregon.

The NSH Acquisition supports SLANG’s growth strategy focused on tapering its core markets, reducing non-profitable operations and achieving greater operating efficiencies.

NSH is the parent company of GNT Oregon, LLC.

GNT operates a licensed CO2 extraction and manufacturing facility in Portland, Oregon.

SLANG issued common shares as consideration for the NSH acquisition.

SLANG is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands. The company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. 

SLANG Worldwide Inc. (SLNG) opened trading at C$0.235 per share.

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