Slang Worldwide (SLNG.C) subsidiary Agripharm gets Health Canada nod to sell Slang-branded cannabis products

07/07/2020

Agripharm, which is partially owned by Slang Worldwide’s (SLNG.C), will now be able to sell Slang-branded cannabis extracts and edibles to retailers in Canada courtesy of their newly amended Health Canada license.

Agripharm also intends to start selling Firefly Mini, O.penVape Reserve and Bakked brands in Canada in Q3, 2020, with more brands to come.

“Canada represents an important growth opportunity for our brands. The Canadian market is still taking shape; however, we are encouraged by the progress we’ve seen to date. We are excited to introduce products that have competed successfully for many years in mature markets in the United States, and we believe fill gaps in the current Canadian concentrates market,” said Slang CEO Peter Miller.

Slang received a 20% equity stake in Agripharm for the rights to use the company’s intellectual property in Canada. Slang’s game has two distinct signposts. Their short term game is to generate revenue through the sale of product packaging materials, while their long-game includes reaping the rewards of the ongoing success story at Agripharm.

Slang’s Canadian brands will include the following:

  • O.penVape: The O.penVape brand has a 10-year heritage, and has been ranked by BDS Analytics as the #2 best-selling cannabis brand in the United States since 2014. Its RESERVE cartridges offer a curated selection of top strains available at a competitive price. The RESERVE line uses both botanical and cannabis terpenes to deliver memorable moments to the quality-conscious consumer.
  • Firefly Mini: Firefly is known for simple, elegant design that employs innovative technology to create the best experience for consumers. The Firefly Mini vaporizes oil at an optimal temperature (428 F / 220 C) selected for its ability to express the full range of flavors found in each strain, and to provide a cooler and more comfortable draw.
  • Bakked Dabaratus: Bakked develops innovative product forms that make dabbing easier. The Dabaratus provides a clean, one-click dabbing solution that delivers a consistent dose of high-potency extract, dispensing only what customers need every time.

Agripharm’s facility in Creemore, Ontario is 13 acres of licensed outdoor grow space, and 9,376 square feet of licensed indoor space for cultivation, extraction, processing and finished goods capabilities. The company first obtained the country’s first CO2 extraction license in 2015, and has provided white label, private label or toll-processing services to more than a dozen brands since.

—Joseph Morton

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