TORONTO, May 23, 2019 /CNW/ – SLANG Worldwide Inc. (CNSX: SLNG), (Frankfurt: 84S), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US states, is pleased to launch its latest vaporizer product, the Firefly 2+. Responding to demand for its sold-out predecessor, Firefly 2+ enhances the flagship product's purpose-built dry herb and extracts technology and premium experience while broadening accessibility with a lower price.
The critically acclaimed Firefly products leverage the most advanced portable technology available to enjoy the benefits of dry herb and extracts without smoking. The hardware's dynamic convection heating technology, activated in only three seconds, creates an absorbable on-demand vapor, offering the plant at its freshest and highest fidelity. The free mobile app customizes the heating technology across the widest available temperature range (200-500°F) for dry herb and extracts. Vapor purity is supported by the hardware design: Firefly's award-winning designers crafted the hardware from the same high-grade alloys used on NASA spaceships.
The release of the new Firefly 2+ reinforces SLANG's leadership in vaporization products across all price points, from ultra premium to entry level, value price segmentations. Firefly was acquired by SLANG in 2019 and has been inventing the most advanced purpose-built technology for cannabis since 2011.
SLANG Co-Founder and CEO Peter Miller said, "As a leader in premium portable vaporizers, Firefly stands out for its technical innovation and unparalleled design. SLANG is thrilled to help more customers around the world discover the Firefly 2+ and enjoy new Firefly products to come."
Firefly co-founder and Chief Technology Officer MJ Williams said, "The Firefly team invents simple elegant vaporizers for truly great cannabis experiences, and our newest Firefly 2+ will help connoisseurs and new consumers alike do just that."
Firefly 2+ will be available for purchaseonline and in retail stores around the world starting May 28. The product retails for US$249.
About SLANG Worldwide Inc.
SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US. The Company is focused on acquiring and developing market-proven regional brands as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the Frankfurt Stock Exchange under the trading symbol 84S. For more information, please visit www.slangww.com.
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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