The iced tea company that pivoted to blockchain is spinning off its beverage business as it once again risks being delisted (LBCC)

Business Insider
By Graham RapierFeb 20, 2018, 11:26 am370 ptsTrending
Long Blockchain, formerly known as Long Island Iced Tea, received a second de-listing warning from Nasdaq for failing to maintain a market cap of $35 million. The company on Tuesday announced a new CEO and plans to spin off its original iced tea business. According to the company's balance sheets, it has no…

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