TORONTO – SLANG Worldwide Inc. has filed an assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act. B. Riley Farber Inc. has been named as trustee under the Bankruptcy Proceedings.
Trading of the Company’s shares on the Canadian Securities Exchange (“CSE”) halted effective Nov. 26, and the Company anticipates that its shares will ultimately be delisted by the CSE.
SLANG’s four directors resigned effective immediately prior to the Bankruptcy Proceedings.
B. Riley Farber will provide any updates on the Bankruptcy Proceedings in due course. Further information on SLANG’s Bankruptcy Proceedings will be posted on B. Riley Farber’s website.
About SLANG Worldwide Inc.
SLANG Worldwide Inc. offers branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide.
