The Patent That Has SciSparc Shares Surging Tuesday
Portfolio Pulse from Adam Eckert
SciSparc Ltd (NASDAQ:SPRC) shares surged after the company was granted a European patent for its core technology, titled 'Combinations of Cannabinoids and N-Acylethanolamines'. The patent is related to methods for enhancing therapeutic effects and reducing side-effects of certain cannabinoids in the cannabis plant. The company recently implemented a 1-for-26 reverse split.
October 03, 2023 | 2:56 pm
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POSITIVE IMPACT
The granting of a new patent to SciSparc is likely to strengthen its position in the market and could lead to increased investor confidence.
The granting of a new patent to SciSparc is a significant event. It not only strengthens the company's intellectual property portfolio but also potentially opens up new markets and opportunities for its products. This could lead to increased investor confidence and a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100