Financial Performance - Net income improved by $1.2 million year-over-year, reaching $997,000[2] - EBITDA for the three months ended September 30, 2024, was $2,569,000, up from $1,808,000 in the same period last year, indicating a year-over-year increase of 42%[21] - Adjusted EBITDA for the nine months ended September 30, 2024, reached $7,795,000, compared to $3,917,000 for the same period in 2023, reflecting a growth of 99%[21] - Net income for the three months ended September 30, 2024, was $997,000, compared to a loss of $207,000 for the same period in 2023, representing a significant improvement[19] Revenue and Sales - LNG sales volumes increased by 22% year-over-year[2] - 68% of third quarter revenues were derived from contracted customer agreements, up from 43% in Q3 2023[4] - Revenue mix in high-growth marine and aerospace markets increased from 11% to 40% year-over-year[5] Cash Flow and Assets - Cash flow from operations increased by 73% year-over-year, totaling $2.6 million[2] - Cash provided by operating activities for the three months ended September 30, 2024, was $2,555,000, compared to $1,478,000 in the same period last year, marking a 73% increase[19] - The company reported a net cash increase of $910,000 for the three months ended September 30, 2024, compared to a decrease of $3,207,000 in the same period of 2023[19] - Total assets increased to $89.35 million as of September 30, 2024, up from $81.30 million at the end of 2023[16] - The company’s cash and cash equivalents at the end of the period were $12,393,000, up from $4,914,000 at the end of September 30, 2023[19] Equity and Expenses - Stockholders' equity rose to $65.36 million, compared to $61.81 million at the end of 2023[18] - Depreciation expense for the three months ended September 30, 2024, was $1,776,000, slightly lower than $2,003,000 in the same period last year[21] Investments and Financing - Cash used in investing activities for the three months ended September 30, 2024, was $1,210,000, a decrease from $3,771,000 in the same period of 2023[19] - The company reported a net cash used in financing activities of $405,000 for the three months ended September 30, 2024, compared to $904,000 in the same period last year[19] Operational Developments - The company is expanding Texas Gulf Coast marine bunkering operations with a new LNG train capable of producing 100,000 gallons per day[6] - Identified substantial opportunities for LNG deployment in emergency power generation and aerospace applications[7] Gains and Losses - The company experienced a gain from the disposal of assets amounting to $102,000 for the three months ended September 30, 2024, compared to a loss of $1,002,000 in the same period last year[19]

Core Viewpoint - SLANG Worldwide Inc. has entered into a waiver and support agreement with secured lenders in anticipation of the upcoming maturity date of its credit agreement, indicating potential financial distress and the need for restructuring [3][4]. Financial Condition - The company has a maturity date under its credit agreement set for November 15, 2024, and does not anticipate being able to repay the amounts owed at that time [4][5]. - A payment of US$1.75 million has been agreed upon with the lenders in exchange for a standstill on any actions under the credit agreement until the maturity date or specified termination events occur [4]. Strategic Actions - The board of directors and management are evaluating the company's financial condition and available alternatives, which may include the potential sale, liquidation, or wind down of existing operations and assets [5]. - B. Riley Farber Inc. has been engaged as an advisor to assist in these strategic considerations and facilitate the process [5]. Company Overview - SLANG Worldwide Inc. is a leader in branded cannabis consumer packaged goods, operating in 13 legal cannabis markets across the U.S. with a diversified portfolio of five distinct brands [6]. - The company focuses on acquiring and developing market-proven regional brands and launching innovative new brands to meet evolving consumer preferences [6].

Core Points - Todd Boudreau has resigned from the Board of Directors of SLANG Worldwide Inc. due to other commitments, effective immediately [1] - Ruth Chun, Board Chair, expressed gratitude for Boudreau's contributions and expertise during his tenure since 2022 [2]

Core Insights - SLANG Worldwide Inc. reported a revenue of $6.28 million for Q2 2024, a 26% decrease from $8.44 million in Q2 2023, primarily due to declines in Core Market sales [3][4] - The company experienced a gross profit of $2.69 million with a gross margin of 43% in Q2 2024, down from $4.35 million and 52% in Q2 2023, indicating a 38% decrease in gross profit year-over-year [4][6] - Total comprehensive loss increased to $11.50 million in Q2 2024, compared to $5.16 million in Q2 2023, marking a 123% rise year-over-year [6] Financial Performance - Operating expenses decreased to $5.47 million in Q2 2024 from $6.24 million in Q2 2023, reflecting a 12% reduction year-over-year [5] - EBITDA for Q2 2024 was reported at ($2.07 million), worsening from ($1.17 million) in Q2 2023, primarily due to a decrease in gross profit [7] - Adjusted EBITDA also declined to ($1.42 million) in Q2 2024 from ($0.76 million) in Q2 2023, driven by a decrease in gross profit before fair value adjustments [8] Cash Flow and Liquidity - Cash and restricted cash totaled $6.75 million as of June 30, 2024, down from $8.32 million on March 31, 2024, and $9.04 million on December 31, 2023 [9] - Cash flows used in operating activities for the six months ended June 30, 2024, were ($1.46 million), compared to ($0.49 million) for the same period in 2023, indicating a reduction of $0.97 million [9] Operational Highlights - Wholesale sales in Vermont increased to $0.38 million in Q2 2024 from $0.31 million in Q1 2024 [10] - Alchemy Naturals CBD gummies generated $0.83 million in e-commerce sales for the six months ended June 30, 2024, up from $0.58 million in the same period of 2023 [10]

Financial Data and Key Metrics Changes - Revenue for Q2 2024 increased to $18.6 million, up 44.1% from $12.9 million in Q2 2023, driven by strong demand and improved utilization [15][6] - Net income was slightly above breakeven compared to a net loss of $2.2 million in the same quarter last year [15] - Adjusted EBITDA for the quarter was $2.1 million, an improvement of $2.2 million from the prior year, with an adjusted EBITDA margin of 11.3% [15][16] - Generated $5 million in operating cash flow and ended the period with nearly $16 million in cash and availability under credit agreements [6][16] Business Line Data and Key Metrics Changes - The marine market showed strong performance, particularly with the LNG fueling contract with Carnival Corporation, contributing to improved plant utilization [7][8] - In the commercial and industrial markets, the company serves about eight different sectors and announced a 14-month contract extension for LNG supply for primary power generation [10][21] - Aerospace revenues are expected to increase approximately 75% over 2023 levels, representing about 10% of annual sales for 2024 [11][12] Market Data and Key Metrics Changes - The company is focusing on expanding its operations in emergency power delivery and primary power generation for the data center sector, anticipating a 10% increase in electricity load demand in certain markets [11][21] - The demand for high-purity LNG as rocket propellant is growing due to increased commercial rocket launch activity [11] Company Strategy and Development Direction - The company aims to leverage its business model to develop growth opportunities across marine, commercial, and industrial platforms [7] - Plans to build the first dedicated waterfront LNG bunkering facility along the U.S. Gulf Coast are underway, with advanced discussions for partnerships [8][19] - A phased expansion will more than double storage capacity at the George West facility from 270,000 gallons to 630,000 gallons [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet growing demand across multiple end markets and plans to invest in operational capabilities and infrastructure [11][12] - The company is evaluating opportunities to deploy capital to enhance its ability to meet increasing demand for LNG across all platforms [12] Other Important Information - The company has a net cash positive balance sheet with total debt outstanding of $8.6 million as of June 30, 2024 [17] - The second quarter of 2024 marked the company's first-ever second quarter profit and highest adjusted EBITDA, indicating significant progress [16] Q&A Session Summary Question: Details about the dedicated waterfront bunkering facility and financing - Management confirmed the need for commercial activity before reaching a final investment decision (FID) and is in advanced discussions with potential partners [18][19] Question: Role in backup power generation for data centers - Management highlighted the opportunity in primary and backup power for data centers, with ongoing discussions for contracts [20][21] Question: Why LNG versus natural gas for data centers - LNG is often used where data centers lack access to pipeline gas, allowing for hub-and-spoke operations [24][25] Question: Schedule for new George West capacity - Half of the new storage capacity is already operational, with the remainder expected to come online later this year or early next year [25][26] Question: Opportunities in aerospace and potential contracts - Management sees significant growth potential in aerospace and is aware of increasing rocket launch activities [28][29] Question: Competitive environment in marine bunkering - The competitive landscape varies by geography, with the company positioned as a leading turnkey supplier for inland LNG distribution [30][32]

Revenue Performance - Revenues for the Current Quarter increased by $5.7 million, or 44%, compared to the Prior Year Quarter, totaling $18.6 million[82] - LNG Product revenue rose by $4.1 million, or 38.4%, driven by increased gallons delivered and pricing adjustments[82] - Increased rental revenue rose by 58.2% to $1.7 million, and service revenue increased by 53.9% to $1.7 million compared to the Prior Year Quarter[82] - Total revenues for the six months ended June 30, 2024, decreased by $1.4 million, or 4%, compared to the prior year, primarily due to lower natural gas prices and decreased revenues from minimum purchase contracts[89] - LNG product revenues decreased by $2.4 million, or 7.5%, to $30.0 million, while rental revenues increased by $545,000, or 16.5%, to $3.9 million[88] Cost and Expenses - Cost of revenues increased by $3.0 million, or 28%, with costs as a percentage of revenue decreasing from 82% to 73%[82] - Operating expenses decreased by $4.3 million, or 10.5%, to $36.9 million, with cost of revenues down by $3.8 million, or 12%, to $27.1 million[88] Net Income - Net income for the Current Quarter was $27 thousand, a significant improvement from a net loss of $2.2 million in the Prior Year Quarter[82] - Net income for the six months ended June 30, 2024, was $1.5 million, compared to a net loss of $1.1 million in the prior year, representing an increase of $2.6 million[88] Cash Flow and Capital Expenditures - Cash provided by operating activities increased by $5.1 million to $9.0 million for the six months ended June 30, 2024, compared to $3.9 million in the same period in 2023[98] - Capital expenditures for the six months ended June 30, 2024, were $2.2 million, primarily for liquefaction assets and upgrades[102] - Future capital expenditures will depend on business needs and availability of capital, with approximately $5.3 million in open purchase orders related to capital expenditures[102] Debt and Liquidity - The company has $11.5 million in cash and cash equivalents and $8.7 million in outstanding debt as of June 30, 2024[96] - The company has a three-year Revolving Credit Facility with a maximum amount of $10.0 million, with no amounts drawn as of June 30, 2024[95] Regulatory and Operational Updates - The Company received DOE approval to export LNG up to 51.75 billion cubic feet per year, with a term of 28 years[80] - The Company anticipates meeting initial export requirements for both FTA and non-FTA countries within the specified timeframes[80] - The Company operates liquefiers with a total production capacity of 130,000 LNG gallons per day across Texas and Louisiana[76] Other Financial Information - Interest income for the Current Quarter was $28 thousand, compared to a net interest expense of $147 thousand in the Prior Year Quarter[86] - The company recorded a gain of $0.1 million from the disposal of assets during the Current Quarter[85] - The company recorded a gain of $0.3 million in unrealized gain/loss on natural gas derivatives for the current year, compared to $0.1 million in the prior year[91] Accounting Policies - The company's financial statements are prepared in accordance with U.S. GAAP, requiring estimates and assumptions that impact reported amounts of assets and liabilities[105] - There have been no significant changes in the company's "Critical Accounting Policies and Estimates" during the three and six months ended June 30, 2024, compared to the previous annual report[105] - As a "smaller reporting company," the company is not required to provide quantitative and qualitative disclosures about market risk[107]

Exhibit 99.1 STABILIS SOLUTIONS ANNOUNCES SECOND QUARTER 2024 RESULTS Houston, August 7, 2024 — Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq: SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the second quarter ended June 30, 2024. SECOND QUARTER PERFORMANCE HIGHLIGHTS ● Strong demand and higher utilization at our Texas liquefaction plant ...

"On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said Ruth Chun, Chair of the Board of SLANG. "We wish Sandra continued success in the future." To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTC ...

Core Insights - SLANG Worldwide Inc. reported financial results for Q1 2024, highlighting a diversified strategy and operational efficiencies despite challenges in core markets [2][4] - The company experienced a 41% decrease in gross profit year-over-year, with revenue of $7.03 million for the quarter [4][9] - Significant growth was noted in the e-commerce segment, with a 45% increase in sales, and a remarkable 417% increase in Vermont wholesale sales year-over-year [3][5] Financial Performance - Revenue for Q1 2024 was $7.03 million, down from $10.82 million in Q1 2023, primarily due to increased competition and market declines in Vermont and Colorado [4][7] - Gross profit was $3.36 million, representing a 48% gross margin, compared to $5.72 million and a 53% gross margin in Q1 2023 [4][8] - Operating expenses decreased to $5.54 million in Q1 2024 from $5.78 million in Q1 2023, reflecting a 4% year-over-year reduction [4][9] Operational Highlights - The e-commerce channel contributed $0.46 million in sales in Q1 2024, up from $0.30 million in Q4 2023, indicating a 53% quarter-over-quarter growth [5] - Vermont wholesale sales reached $0.31 million in Q1 2024, a significant increase from $0.06 million in Q1 2023 [5] - The company signed a new distribution agreement to expand the reach of its Alchemy Naturals CBD gummies across the U.S. [5] Market Outlook - The U.S. Department of Justice's recommendation to reschedule cannabis from Schedule I to Schedule III is anticipated to positively impact SLANG and the broader cannabis industry [3]

Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2024 financial results and conference call. The Company plans to release its financial results for the quarter ended March 31, 2024, before markets open on May 30, 2024. Management plans to host an invest ...