Peter Miller Archives - Green Market Report

StaffStaffJune 21, 2019
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4min12110

SLANG Worldwide Co-Founder and CEO Peter Miller is an experienced entrepreneur with successful exits and 10 years of executive experience. He and Billy Levy co-founded Mettrum Health Corp, a leading Canadian licensed producer that was acquired by Canopy Growth. An entrepreneur with a track record in agriculture, operations, tech, and clean energy, Peter is also the Chairman of the Canadian licensed producer Agripharm. Prior to joining the cannabis industry, Peter worked in corporate development at Esri Canada. SLANG Worldwide is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across more than 2,600 stores in 11 US states.

GMR Executive Spotlight Q&A – 

Full birth name: Peter W J Miller

Title: Co-founder and CEO

Company: SLANG Worldwide

Years at current company: 2 years

Education profile: Peter studied finance and marketing, earning a Bachelor of Commerce degree from Ryerson University.

Most successful professional accomplishment before cannabis: Peter has more than 10 years of experience with agricultural, operational, and technological aspects of operating in the sector. Outside of cannabis, his most proud professional accomplishment is acting as a director and investor in a construction financing group that helped develop a network of sustainable energy projects.

Company Mission: SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US. We believe that trusted brands fulfilling their promises to consumers will continue to lead the cannabis market. We deliver on our promises of consistency and quality to stores that carry our products around the world. 

Company’s most successful achievement: In an industry that measures success in a variety of ways, SLANG Worldwide prioritizes on creating value for the entire industry through great cannabis products. In our first quarter as a publicly traded company, $32 million SLANG branded products were purchased by consumers and 52 million SLANG branded servings (5mg) were purchased by customers. We look forward to developing more products across form factors, helping more network partners to develop their capabilities and expanding our distribution and access to customers everywhere.

Has the company raised any capital (yes or no):  Yes

If so, how much?: The company has raised around $90M

Any plans on raising capital in the future? Yes. SLANG will raise capital at times when the cost of capital is most attractive.  The great thing about SLANG’s business model is that it is not extremely capital intensive. Incremental capital accelerates growth, however significant capital is not needed to achieve the primary goal of delivering as many servings of branded product to consumers as possible.

Most important company 5 year goal: SLANG’s goal is to have the best portfolio of branded cannabis consumer products selling through the highest number of retail shelves.


William SumnerWilliam SumnerMay 15, 2019
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4min4760

It’s time for your Daily Hit of cannabis financial news for May 15, 2019.

On the Site

CNBC’s Tim Seymour Goes One On One With SLANG’s CEO Peter Miller

Miller talks about the early days of cannabis legalization in Canada, the fast growth of SLANG and new products being launched by Firefly. Watch Now

Illinois’ Cannabis Rules Dissected at the Green Market Summit

The Governor of Illinois recently released details of the state’s proposed rules for adult-use cannabis. The Green Market Summit had organized a panel that took place just days after the announcement in Chicago. Watch Now

The Green Organic Dutchman

After the markets closed yesterday, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCMKTS: TGODF) reported their first quarter financial results for the period ending on March 31, 2019. Quarter-over-quarter revenue rose by 28% to $2.4 million. Much of that revenue was generated from the recently acquired HemPoland. The company experienced a net loss of $14.1 million.

In Other News

Aurora Cannabis

Late yesterday, Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) announced their third quarter financial results for the period ending on March 31, 2019. Net revenue was $65.14 million, up from $54.17 million in the previous quarter. Adjusted EBITDA was $36.6 million, down from $45.52 million in the previous quarter. The company incurred a loss of $158.35 million.

Cannara Biotech

Cannara Biotech (CSE: LOVE) (OTCQB: CNBTF) announced today that it has commenced trading on the OTCQB® Venture Market under the symbol “CNBTF”. “Cannabis and hemp-CBD markets are global markets, with customers, vendors and investors domiciled across all major industrial nations,” said Zohar Krivorot, President and CEO of Cannara. ” Having a listing in the U.S. not only provides easier access for U.S. and international investors to our story, it supports our mission of being a North American premium provider of health and wellness products in large and growing product categories.”

1933 Industries

1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF) announced that its subsidiary, Alternative Medicine Association, has completed a sale and lease back for its cannabis cultivation facility in Las Vegas, Nevada. The purchase price for the transaction was $10.45 million, which the company has received minus a $500,000 hold back to be released upon the completion of the facility and issuance of permanent occupancy permits, and a $250,000 hold back to be released upon issuance of state and local permitting for the facility. The transaction included a lease-back agreement for 10 years, with an option to renew for two additional five year periods.

 


AxisWireAxisWireMay 2, 2019
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9min5410

TORONTO- May 2, 2019 /AxisWire/ SLANG Worldwide Inc. (CNSX: SLNG), (Frankfurt: 84S), (“SLANG” or the “Company”), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US states, is pleased to announce the establishment of its new wellness-focused business division, SLANG Health and Wellness. The new business unit will develop and market a portfolio of plant-based cannabidiol (“CBD”) products that will be distributed in partnership with Greenlane Holdings, Inc. (NASDAQ: GNLN) (“Greenlane”) through their extensive distribution network.

“Consumers are increasingly interested in natural plant-based wellness products, and we’ve only scratched the surface of the opportunity within cannabinoid-supported wellness,” said SLANG CEO Peter Miller. “Health and Wellness represents a new market segment for SLANG and is a natural extension for our portfolio of top selling products across the US and internationally. We expect early sales to be supported by the brand awareness and customer loyalty that we’ve developed within our existing portfolio over many years of innovation and consumer focus.”

SLANG Health and Wellness products will target a rapidly expanding and promising consumer market that is expected to grow from US$591 million in 2018 to US$22 billion by 2022, according to The Brightfield Group. The Company will initially focus on extending SLANG’s existing industry leading portfolio of THC-dominant products into the CBD space and will immediately launch sales of the Company’s best-selling O.penVAPE Reserve brand, to be sold as a half gram hemp-based CBD cartridge.

Reserve CBD products will be distributed in partnership with Greenlane, a leading global distributor of ancillary and hardware products to smoke shops and dispensary channels. Greenlane currently delivers products into over 9,600 brick and mortar retail locations around the world and has a significant e-commerce presence. Greenlane already distributes SLANG’s Firefly vaporizer line and the O.penVAPE battery, and the addition of SLANG’s new CBD products marks the expansion of the two companies’ strategic partnership.

SLANG plans to release additional products and brands throughout 2019 under the SLANG Health and Wellness banner. The Company may also evaluate selective acquisition opportunities to accelerate its growth in the health and wellness space.

About SLANG Worldwide Inc.

SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US states. The Company is focused on developing and marketing branded cannabis products to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the Frankfurt Stock Exchange under the trading symbol 84S. For more information, please visit www.slangww.com.

About Greenlane Holdings, Inc.
Greenlane is a leading distributor of premium vaporization products and consumption accessories in the United Statesand has a growing presence in Canada. Greenlane’s customers include over 6,600 independent smoke shops and regional retail chain stores, which collectively operate approximately 9,700 retail locations, and hundreds of licensed cannabis cultivators, processors and dispensaries. Greenlane also owns and operates two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com, which offer convenient, flexible shopping solutions directly to consumers. Greenlane is developing a unique e-commerce platform, Vapor.com, into which its existing e-commerce websites will be consolidated. Through Greenlane’s expansive North American distribution network and e-commerce presence, Greenlane offers a comprehensive selection of premium vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. Following the passage of The Agriculture Improvement Act of 2018 in February 2019, Greenlane commenced distribution of premium products containing hemp-derived cannabidiol in those states in which the distribution and sale of such products are authorized by, and can be effected in compliance with, applicable state laws and regulations.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.  Forward-looking statement in this news release include, but are not limited to, statements regarding the establishment of SLANG Health and Wellness, the development and distribution of CBD products, the growth of the CBD consumer market, the release of additional products and the evaluation of selective acquisition opportunities.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings “Risk Factors” in SLANG’s final long form prospectus dated January 17, 2019 and “Risks and Uncertainties” in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499


Cynthia SalarizadehCynthia SalarizadehApril 23, 2019
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6min5370

CNBC’s Tim Seymour To Interview Peter Miller, CEO of Slang Worldwide

NEW YORK, April 23, 2019 /AxisWire/ After a major success at the One World Trade Center in NYC, The Green Market Summit brings its financial and business acumen to Chicago on May 7, 2019 with keynote speaker Tim Seymour of CNBC’s Fast Money.

Hosted by the Green Market Report, the cannabis industry’s premier financial news organization, the one-day event will feature exclusive information on finding jobs in the cannabis industry, building a national cannabis brand, insight into the business of vapes, the pricing of hemp ahead of a futures market, investing in women-led cannabis companies and important updates for the Chicago market. The keynote interview between Tim Seymour and the CEO of Slang Worldwide, Peter Miller, will take place from 11:00 to 12:00 PM.

“Green Market Report has seen the early signs that Illinois will be a major force in the cannabis industry” said Green Market Media Co-founder and CEO, Debra Borchardt. “Instead of waiting until after it happens, we want to be a part of the beginning. This conference will bring together the companies that see the promise of Chicago’s cannabis future and the residents and investors that will make it a success.”

The keynote interview will explore Miller and the SLANG team’s track record of best selling brands, global distribution and strategic partnerships and the future for brands in the industry. SLANG Worldwide, the leading portfolio of cannabis consumer packaged goods, sells some of the best performing cannabis products in the US’ largest legal markets and has worldwide distribution including 12 US states.

“As Illinois voters continue to support full cannabis legalization, the size of the market already makes it one of the larger growth opportunities in the industry,” stated Tim Seymour of Seymour Asset Management & CNBC. “I am very excited to be talking to some of top companies and leaders in the state at the Green Market Summit in Chicago on May 7th.”

Peter Miller is a cannabis industry veteran and was the co-founder of Mettrum Health Corp., which, in 2017, was sold to Canopy Growth Corporation for aggregate consideration of approximately $430 million. Tim Seymour is the founder and Chief Investment Officer of Seymour Asset Management (SAM).  He is a recognized voice within the investment community as a trader and market strategist on CNBC and was recently added as a Board Member at cannabis packaging company KushCo Holdings Inc.

“As Chicago is home to some of the world’s most enduring consumer brands, I am thrilled to discuss SLANG Worldwide’s winning brands and distribution strategy at Green Market Summit’s inaugural Chicago event,” said SLANG Worldwide CEO Peter Miller. “Cannabis is a massive and ever-evolving market opportunity; Green Market Report is sure to inspire Chicago’s business community with dynamic conversations.”

Join the industry’s leading financial minds and public as well as private companies as they review the economic landscape of the cannabis industry.

Located in downtown Chicago at the UBS Tower on One North Wacker Ave, the event is made possible through event partnerships with Cresco Labs, Treehouse Global Ventures, Cresta Management, MMLG Brands, NewLeaf Data, and KCSA Strategic Communications. Following the Summit, there will be a private event featuring music by Michael Glabicki of Rusted Root with Dirk Miller in the stunning Winter Garden. This dramatic space is an 85 foot tall glass atrium featuring a the “Gem of the Lakes” bronze statue and fountain.

Tickets for the event and early bird pricing are still available, but spacing is limited. For more information, please visit: www.GreenMarketSummit.com or www.eventbhang.com/event/the-advanced-economic-state-of-cannabis/23

WHAT:Green Market Summit: The Advanced Economic State of Cannabis

WHEN: May 7, 2019

WHERE:UBS Tower One North Wacker, Drive, Chicago, IL 60606

AboutGreenMarketReport:

The Green Market Report (GMR) is headquartered in the Financial District of New York City with an office in Los Angeles. GMR is poised to be the center for trustworthy business, financial and economic news and intelligence. The site offers coverage on financial matters including news briefs on business, cultivation, and extraction, cannabis company stock prices, and wholesale cannabis pricing. For more information, please visit www.greenmarketreport.com or email info@greenmarketreport.com. Follow us on Facebook, Instagram and Twitter @GreenMarketRpt.

MediaInquiries

Cynthia Salarizadeh

Green Market Media

Cynthia@salarmediagroup.com

(856) 425-6160


William SumnerWilliam SumnerMarch 11, 2019
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3min5050

SLANG Worldwide Inc. (CNSX: SLNG) is heading to Puerto Rico. Yesterday, the company announced that it has entered into a strategic partnership with Southern Development Holdings (SDH) to sell its branded products to medical cannabis patients in Puerto Rico. As part of the partnership, SDH has been granted an exclusive license to sell SLANG branded products in the province.

“We are excited to bring our high-quality brands to consumers in Puerto Rico and the Latin American market,” said SLANG CEO Peter Miller.  “Building global brands requires teamwork. Leveraging partnerships with the highest calibre operators enhances SLANG’s brand share and revenue with impressive scalability.”

Medical cannabis was first legalized in Puerto Rico in 2015 when then-Governor Alejandro Garcia Padilla legalized the substance through executive order. The province recognizes 14 qualifying conditions for medical cannabis; including multiple sclerosis, cancer, and depression.

The market took a major hit in 2017 when Hurricane Maria destroyed much of the island’s infrastructure, but after more than a recovery, some semblance of normalcy has returned.

Although typically not thought of as a major medical cannabis market, Puerto Rico has one of the highest rates of patients per capita in the United States. Out of the province’s 3.3 million population, roughly 59,000 individuals are patients; the majority of which, according to Marijuana Business Daily, are over the age of 55.

Puerto Rico also offers reciprocal access to its 71 dispensaries for visiting patients from other medical cannabis states.

SLANG’s entry into the Puerto Rican market represents the company’s second market expansion this year. Last month, SLANG announced that they would partner with the medical cannabis chain Trulieve Cannabis to offer its products to patients in the state of Florida. SLANG products are now available in 11 U.S. states and 2,600 retail locations.

Under the agreement, SDH will manufacture SLANG products in its GMP certified manufacturing facility. Sales of SLANG products in Puerto Rico are expected to begin in the second quarter of 2019.



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