RIP: Cannabis companies, big and small, collapsed in 2024

RIP: Cannabis companies, big and small, collapsed in 2024

As 2024 winds to a close, the year may well be remembered as one in which the U.S. marijuana industry got a serious wakeup call, with several big-name companies flaming out in spectacular fashion, while plenty of smaller operators also quietly closed up shop. Even as more state marijuana markets continued their new rollouts – […]

Slang Worldwide the latest big name cannabis company to collapse

Slang Worldwide the latest big name cannabis company to collapse

Toronto-based Slang Worldwide (CSE: SLNG) (OTCQB: SLGWF) became the latest multistate cannabis company to go belly-up, with an announcement Tuesday that it is entering receivership in Colorado and declaring bankruptcy in Canada, effectively closing up shop. Slang “finalized a wind-down plan,” the company stated in a press release, after noting it has debts maturing this […]

Verified by MonsterInsights