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Bullboard - Stock Discussion Forum Slang Worldwide Inc C.SLNG

Alternate Symbol(s):  SLGWF

SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units... see more

CSE:SLNG - Post Discussion

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Post by thcalternative1 on Apr 14, 2020 12:33pm

Bottom?

Is this the bottom for SLNG?hjat news or event will allow for a gap up
Comment by happyascanbe on Apr 14, 2020 1:54pm
Since last Monday brokerage house Echelon has sold 1.35 million shares (26% of all the shaers sold) and havent bought a single share. So they have cleary been exiting the stock for some reason and were mostly to blame for the rout of the last week. However today, even though they are still selling (190K so far today), the buyers seem to be more agressive and are chewing through their shares. Not ...more  
Comment by ID2020meetWORLD on Apr 16, 2020 2:18am
This post has been removed in accordance with Community Policy
Comment by burnout29 on Apr 16, 2020 6:39pm
This post has been removed in accordance with Community Policy
Comment by happyascanbe on Apr 24, 2020 8:32pm
Brokerage house Echelon has now sold 4.3 million shares since April 7 and havent bought a single share. They've sold 26% of all shares sold since that date. They sold almost 1 million shares today alone. Looks like it is an organized/coordinated sell program with them seling shares each day. Scotia, RBC, and CIBC have bought all the Echelon shares. Will be interesting to see how the share ...more  
Comment by thcalternative1 on Apr 29, 2020 7:50am
Thanks...this is good info hopefully all the selling at these ridiculous low prices have subsided
Comment by happyascanbe on Apr 29, 2020 4:43pm
Well the Echelon selling has continued, and has intensified. They have now sold 6.6 million shares since April 7th.  But good news is buyers are happy to take the shares and the share price is showing signs of bottoming. Volume the last three days has been way above average and the share price has stabilized and starting to show signs it wants to move up IMO. It's looking like perhaps ...more  
Comment by bpotash22 on Apr 29, 2020 5:36pm
Good info, thanks for continuing to share.  I doubt end of month has any relevance.  While 6.5mm shares isn't that much $, it is a fair amount of shares. I agree for sure that their volume is keeping a lid on things, and that it is positve news that buyers can absorb the volume, though they are absorbing them 90%+ off the highs. The bigger question is why is someone (or multiple ...more  
Comment by DavidSimCheung on Apr 29, 2020 11:12pm
I continue to hang in there with my shares, still hoping for the best, has not been easy though.
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