SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) reported its financial results on Tuesday for the second quarter, three months ended June 30, 2024.
The Toronto-based consumer packaged goods company, reported a 26% year-over-year decrease in revenue to CA$6.28 million ($4.7 million) in the second quarter.
SLANG attributed the downward trend to a CA$1.78 million drop in core market sales, a decrease of CA$0.20 million in emerging market sales, a decrease of CA$0.09 million in e-commerce sales and a decrease of CA$0.09 million in distribution sales. Within the core market segment, the company experienced a reduction of CA$0.51 million and CA$1.27 million in sales in Colorado and Vermont, respectively.
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