Greenlite Ventures Signs Letter of Intent to Acquire Grin Gaming

LOS ANGELES, CA / ACCESSWIRE / August 20, 2024 / Greenlite Ventures, Inc (OTC Pink:GRNL) has announced the signing of an Asset Purchase LOI with Grin Gaming (GRIN) subject to a 30-day due diligence and a definitive agreement. GRIN has been working with top venture firms in the US to build AI driven in-play micro markets and player prop pricing engines applicable to both parimutuel and peer-to-peer markets. GRIN has generated more than $5mil in revenues over the past 3 years and has raised nearly $5mil in investment capital. GRIN was considered a first mover in the micro betting space for both B2C and B2B.

GRNL plans to integrate the entire GRIN software stack by the end of 2024. This includes the integration of GRIN’s backend in-play data platform as well as their fully built front-end consumer product. GRIN’s software systems will also be utilized in the launching of No Limit AI betting subscription services and peer-to-peer exchanges. The goal is for all components of the No Limit AI ecosystem to be driving revenues in time for a major PR push surrounding the Super Bowl.