Toronto, Ontario--(Newsfile Corp. - March 2, 2021) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has signed a strategic partnership agreement with Avr Skin ("Avr") to manufacture, co-package and distribute cannabis-based skincare products. Avr was founded by a team of pioneering experts in the fields of premium skincare, cannabis and advanced scientific research, and aims to unlock the full potential of cannabinoid skincare.
As part of the agreement, SLANG will produce THC-infused topical skincare creams for Avr on a co-packing basis, as well as distribute products through its network partners. This strategic partnership demonstrates the value of SLANG's manufacturing and distribution capabilities within the cannabis CPG marketplace.
Tobias Ripsom, Chief Executive Officer of Avr Skin said, "We believe that cannabinoids have the properties to promote healthy, beautiful skin, alleviate discomfort, and catalyze healing. Our products are formulated and manufactured to meet the industry's highest ethical and quality standards. Partnering with SLANG will strengthen our ability to execute this vision and bring our innovative products to the Colorado market in 2021."
The SLANG-manufactured line of skincare products is expected to launch in Colorado in early 2021, with the potential to expand into additional markets over time.
"We have been impressed with the Avr Skin team's innovative product offerings and unique approach to wellness," said Chris Driessen, Chief Executive Officer of Slang. "This is yet another example of SLANG forming a strategic partnership that leverages our manufacturing and distributing capabilities for the mutual benefit of both entities."
This is SLANG's most recent agreement with a third-party brand, as the Company continues to build its best-in-class distribution network and ability to manufacture branded products across multiple markets and categories.
Contact
Media:
Slang@kcsa.com
Investors:
Investors@SLANGww.com
About SLANG Worldwide Inc.
SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the OTCQB under the symbol SLGWF. For more information, please visit www.slangww.com.
About Avr Skin
There's a new truth in premium skincare. Initially available in Q2 of 2021, Avr brings scientifically sound, cannabinoid-driven infusions to your body's largest organ, the skin. Avr's proprietary research studies have identified efficacious methods of delivering the benefits of cannabis and hemp into topical applications. The launch portfolio targets three fundamental functions of skin care: fixing surface damage, defying everyday stressors and reducing deep pain. Each of us has an ongoing conversation with our skin, and starting next year, Avr brings answers to dispensaries across Colorado. For more information, please visit www.averskin.com.