Slang Worldwide Inc. (CSE:SLNG), Bankruptcy

Slang Worldwide Inc. (CSE:SLNG), an industry leader in branded cannabis consumer packaged goods with operations across the US, filed an assignment in bankruptcy on November 26, listing over $21 million in liabilities.

Facing a liquidity crunch amid deteriorating market conditions, the company entered into a waiver and support agreement with a syndicate of secured lenders in November 2024.

With the assistance of its advisors, the company developed a wind-down plan which included a receivership of its Colorado operations, the voluntary wind-down of its remaining US operations and a bankruptcy of the publicly-listed Canadian parent.

B. Riley Farber is the bankruptcy trustee.

Counsel is Norton Rose Fulbright and Mintz for the company, TGF for the bankruptcy trustee, and Hodgson Russ and McMillan for the lenders.