SLANG Worldwide Stands by Safety of Vape Products

SLANG Worldwide Inc. [stock_market_widget type="inline" template="generic" color="default" assets="SLNG.CN" markup="(CSE: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] is the latest vaporizer producer to reassure the market that its goods are safe to use.

An outbreak of vaping-related illnesses has been linked to 12 deaths and 805 cases of lung injury in the U.S., according to the Centers for Disease Control and Prevention. Illicit cannabis has been blamed for the outbreak, although one case was linked to legal products in Oregon.

Massachusetts Gov. Charlie Baker announced a four-month sales ban on all vaping products last week, including tobacco and marijuana. He also declared a public emergency in what amounts to the most aggressive response to the outbreak of illness.

The owners of six Massachusetts vape shops are suing the state over the temporary ban, and this issue looks set to rumble on.

Last week, 1933 Industries sought to reassure the market by publicly declaring that its vape products do not contain vitamin E acetate, vegetable glycerin, or propylene glycol.

Now SLANG Worldwide has provided its own response on the recent furor surrounding the use of vaporizers. It said that it takes the public health concerns very seriously and it encourages investigation and research into the causes of this issue.

However, it said it is not aware of any of its products being identified as a contributor to any of the recent illnesses associated with vaping technology. It added that it remains committed to ensuring its entire product portfolio maintains the highest quality standards and continues to be compliant with applicable regulations in each of its markets.

SLANG Worldwide sells cannabis products in 2,600 stores spread across 12 U.S. states, and it was hoping to commence sales in Massachusetts. It has now postponed those plans, but it does not expect to experience any direct impact from Massachusetts’ temporary ban on vaping products upon its sales in other markets.

It said it stands by the quality of its O.penVAPE products, and that “the strength of recent sales trends continue to reflect that commitment”.

The firm saw its share price spike last week after Canopy Growth Corp. co-founder Bruce Linton purchased 347,222 units for $250,000.

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The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

Martin Green is an experienced journalist with a strong focus on the cannabis, alcohol, and gambling industries. He is particularly interested in the political issues affecting the global marijuana trade, and he has a keen focus on regulation changes and legal topics. He holds a BA English Literature, MA Creative Writing and a National Qualification in Journalism diploma. He has worked in journalism since 2009 and written for a broad range of newspapers, business titles and magazines, including The Sun, The Metro, The Journal, Livestrong, Drinks Retailing News, Harpers, Sportsbook Review, Vital Football, Essex Live and Surrey Live. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.
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