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The latest update is out from Eastside Distilling ( (BLNE) ).
On February 5, 2025, Beeline Labs, a subsidiary of Eastside Distilling, announced its first capital raise for MagicBlocks, a cutting-edge AI sales solution. This marks a significant milestone in AI-driven sales solutions for the mortgage industry, with MagicBlocks already proving successful in multiple sectors by enabling efficient lead conversions. The capital raise solidifies MagicBlocks as an independent entity, with Beeline retaining significant equity and licensing rights. This move is expected to accelerate AI-driven sales innovations, transforming business engagement strategies in a changing digital landscape.
More about Eastside Distilling
Beeline Holdings is a technology-driven mortgage lender and title provider, building a fully digital, AI-powered platform aimed at simplifying and accelerating the home financing process. Headquartered in Providence, RI, it is a wholly-owned subsidiary of Eastside Distilling, Inc., and owns Beeline Labs, which focuses on developing innovative mortgage software solutions.
YTD Price Performance: -15.88%
Average Trading Volume: 188,450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.35M
See more insights into BLNE stock on TipRanks’ Stock Analysis page.
