Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99.
The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million).
The public trading debut follows the company’s acquisition of Denver-based Organa Brands.
According to Green Market Report, Toronto-based Slang paid upward of $200 million to acquire Organa Brands,
This post is from Marijuana Business Daily. We encourage our readers to continue reading the full article from the original source here.