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Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue

大麻関連株CPG社のSLANG Worldwideは、売上高の減少を報告し、Q4の損失を前年比56%減少させました。

Benzinga ·  04/12 13:31

SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) announced itsfinancial results Friday for the three and twelve months ended Dec. 31, 2023,revealing adouble-digit decrease in both fourth quarter and full year 2023 loss.

"In 2023, we took a deliberate approach to advancing our strategy of profitable growth, creating a leaner, more nimble SLANG. As a result, we ended the year with increased gross profit, higher margins, and lower operating expenses which resulted in significantly lower total comprehensive loss and lower adjusted EBITDA loss," saidJohn Moynan, the company's CEO. "With the fourth quarter historically our seasonally lowest revenue quarter, we...

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