180 Life Sciences shares are trading higher after Elray Resources completed a sale of proprietary technology to the company to assist in the launch of an iGaming Blockchain casino.
Portfolio Pulse from Benzinga Newsdesk
180 Life Sciences shares rose following Elray Resources' sale of proprietary technology to the company, aiding in the launch of an iGaming Blockchain casino.
October 25, 2024 | 1:15 pm
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POSITIVE IMPACT
180 Life Sciences' stock price increased due to the acquisition of proprietary technology from Elray Resources, which will support the launch of an iGaming Blockchain casino.
The acquisition of proprietary technology from Elray Resources is a strategic move for 180 Life Sciences, potentially opening new revenue streams in the iGaming sector. This positive development is likely to boost investor confidence, leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80