Curated News
By: NewsRamp Editorial Staff
October 25, 2024
Elray Resources Inc. Completes Sale of Proprietary Technology to 180 Life Sciences Corp.
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- Elray Resources Inc. completes sale of proprietary technology to 180 Life Sciences Corp., gaining a 40% stake in ATNF.
- Elray's technology package will assist ATNF in launching an iGaming Blockchain casino through a strategic sale and potential future partnership.
- The strategic sale and potential partnership are expected to enhance Elray's financial position and open new opportunities, strengthening the company's balance sheet.
- Elray's Crypto iGaming solution offers gaming content from over 30 leading publishers, presenting players with the latest crypto games, slots, tables, live, sportsbook, and competition products.
Impact - Why it Matters
This news matters as it represents a significant milestone in Elray Resources Inc.'s growth strategy, enhancing the company’s financial position and opening new opportunities and revenue streams. The sale and potential future partnership will enable Elray to collaborate with leading players in the market, deliver greater value to shareholders, and propel the business forward.
Summary
Elray Resources Inc. has completed the sale of proprietary technology to 180 Life Sciences Corp. in exchange for preferred stock convertible into a 40% stake in ATNF and warrants to purchase 3 million shares of ATNF common stock. The technology will assist ATNF in launching an iGaming Blockchain casino, enhancing Elray’s financial position and opening new opportunities for the company.
Elray Resources Inc. is a developer, licensor and operator of Crypto iGaming Solutions based in Las Vegas, providing turnkey solutions and consulting services for various online e-commerce companies. The company’s Crypto iGaming solution offers a gaming portfolio provided by over 30 of the world’s leading gaming content publishers, presenting players with the latest crypto games, slots, tables, live, sportsbook and competition products.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Elray Resources Inc. Completes Sale of Proprietary Technology to 180 Life Sciences Corp.
