ATNF Surges Over 10x Following B2C Casino Operations Plan Announcement

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Oct 16, 2024
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180 Life Sciences (ATNF, Financial) experienced an extraordinary surge after market opening, skyrocketing over tenfold to reach a new one-year high. At the latest update, the stock had pulled back to a gain of 722.4%, trading at $12.50.

The company announced its plans to launch a B2C casino operation within an established and high-growth market, signaling potential entry into the iGaming sector. However, 180 Life Sciences has limited cash reserves and anticipates the need to raise funds through debt or equity financing in the future.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.