Slang Worldwide Inc SLGWQ

Healthcare Biotechnology

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 (SKUs). The Company brings its products to market through three channels: Core Markets-Colorado and Vermont, Emerging Markets-Strategic Partnerships in nine States and THC Free-Distribution & Ecommerce. Its Core Markets include Colorado and Vermont. Its Emerging Markets include Florida, Maine, New Mexico, Michigan, Pennsylvania, Washington, West Virginia, Maryland and Puerto Rico. Its THC Free includes dry herb vaporizer, the Firefly 2+, line of Alchemy Naturals CBD gummies, as well as batteries and various other product components including packaging and hardware.

OTCPK:SLGWQ - Post by User

Slang Worldwide Inc > Updated Share Price Targets ($0.40-$0.50)

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Post by happyascanbeon Sep 04, 2020 5:05pm

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RE:Updated Share Price Targets ($0.40-$0.50)

Although $0.40-$0.50 seems a ways away these analysts will all be increasing these share price targets materially IMO.

With forecasted revenue of $50.5 million in 2021, and a very conservative revenue multiple of 5x should give the company a market cap of about $250 million, which translates to about $0.75/share conservatively. Most cannabis companies are trading at higher revenue multiples than this, so getting to $1+ is not out of the question.

Projected 2021 EBITDA of $8.4 is also very solid.

IMO.

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