180 Life Sciences' Brave Decision To Switch to the iGaming Industry

Stock Price Jumps over 325.66% as Investors Welcome New Strategy

Oct 17, 2024

Summary

A significant strategic shift, transitioning from biotechnology to the online gambling business

October 17, 2024 – 180 Life Sciences Corporation (ATNF, Financial), which first focuses on a biotechnology business, decided to switch to the online gambling and gaming business on Oct. 16, 2024, Wednesday.

This pivoting move has brought volatility to the company's stock price. At the closing market, ATNF recorded a 325.66% uptick in price.

180 Life Sciences is now officially open for online gambling and gaming business after obtaining a fully integrated “back-end” technology infrastructure to host online casinos. With this acquisition, the company expects to get a substantial market share in the exciting iGaming industry that is expected to reach $133 billion by 2029.

The change of direction is unanticipated since the company has been concentrating on the biotechnology field, the shift may bring fresh growth prospects and help to diversify the company's revenue sources which is not profitable so far.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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