Oklahoma market huge - SLANG knows! Not much attention... yet.
SLANG Worldwide Products Now Available In Oklahoma
Newsfile Corp - Thu Jul 23, 6:31AM CDT
Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - SLANG Worldwide Inc. ( CNSX: SLNG ) (" SLANG " or the " Company "), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that its products are now available to patients in Oklahoma. O.penVAPE RESERVE cartridges are being distributed to leading dispensaries throughout the state, with additional SLANG-branded products planned for release in the coming months.
SLANG-branded products are manufactured and distributed in Oklahoma by the Company's strategic partner in the state, licensed producer Elite Cultivation LLC (" Elite "). SLANG generates revenue in the state by licensing its brands and selling certain product components and consulting services.
"Oklahoma is on its way to becoming one of the largest cannabis markets in the country, and we are very pleased to have our products on shelves," said SLANG USA President Chris Driessen. "This is a great example of our emerging markets strategy which enables us to enter new markets quickly and efficiently. As our strategic partner in Oklahoma, Elite has done an outstanding job ramping up its operations to produce and distribute our products to its customers across the state."
"We are excited to introduce SLANG's proven brands to retail dispensaries and medical marijuana patients in Oklahoma," said Richard Freeman of Elite Cultivation. "We look forward to a successful and long-lasting partnership as the market continues to thrive."
Oklahoma's cannabis market is one of the fastest-growing in the United States. Total sales of more than USD $350 million in the first half of 2020 have already exceeded sales for all of 2019, the first full year of legal cannabis sales in the state, according to Oklahoma Tax Commission figures. According to data from the Oklahoma Medical Marijuana Authority, more than 313,000 patients have been approved for medical marijuana use, up 33% since the start of the year, and representing approximately one of every 13 Oklahomans.
