SLANG Worldwide Inc. announced that Drew McManigle, Chair of the board of directors (the "Board"), is stepping down as he and MACCO Restructuring Group ("MACCO"), who served as financial advisor, have successfully completed the corporate transformation of the Company. Ms. Ruth Chun, an independent director of the Company, has been appointed Chair of the Board to replace Mr. McManigle. Ms. Chun is a lawyer focused on advising regulated businesses in the cannabis, psychedelics, CPG and energy industries.

Prior to founding Chun Law Professional Corporation, she was the General Counsel and Corporate Secretary for Newstrike Brands Ltd. /Up Cannabis Inc. and Senior Legal Counsel at HEXO Corp. through its acquisition of Newstrike in an all-share deal valued at CAD 346 million. Ms. Chun joined Newstrike in February 2017 and was involved in all significant corporate activity including a successful TSXV listing, debt and equity financings (exceeding CAD$140 million), M&A, regulatory matters and government relations.

She is regularly called upon as a speaker, industry expert and guest lecturer at various colleges and universities and is on the Advisory Board of the Osgoode Professional Development Certificate in Cannabis Law and Regulation. She is an independent director of Entheon Biomedical Corp. and is a director of several private and not-for-profit organizations.

Ms. Chun has an Honours Bachelor of Arts (Trinity College, University of Toronto), Master of Arts (University of Toronto) and Juris Doctor (Queens University) and is called to the bar in Ontario, New York and Namibia.