Marijuana multistate operator Slang Worldwide could be putting itself on the auction block after the company hired outside advisers to launch a strategic review.
Toronto-based Slang said it hired PGP Capital Advisors and formed a committee of independent directors to look at strategic alternatives “to maximize shareholder value.”
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Those options could include “a business combination, sale, divestiture, acquisition or merger that may involve all or part of our business or assets, restructuring, recapitalization, refinancing, or any other strategic transaction,” Slang said in a news release.
Slang said it aims to cut “overhead costs associated with being publicly traded” as well as boosting its “scale and market share” and growing its “overall product offering and footprint.”
The strategic review does not have a specific timeline, according to the release.
Slang describes itself as a “branded cannabis consumer packaged goods” company that operates in 13 different legal
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