The iced-tea company that pivoted to blockchain is finally going all in on blockchain

, is going all-in on blockchain after announcing it has signed a letter of intent to sell its drinks business.dated March 6, the company said it had reached an agreement to sell its ready-to-drink tea business to ECC2 Ventures Corp., an entity listed in Canada, for a combination of cash and shares. As part of the potential transaction, ECC2 is seeking to raise $2 million.

Long Blockchain, previously named Long Island Ice Tea Corp., annouced its name change at the height of the crypto craze in December 2017, . At the time of the announcement, the company said that it planned to partner or invest in companies that develop the decentralized ledgers known as blockchain.into the company which has now been delisted by the Nasdaq and currently trades over the counter.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gap Inc., Long A Tale of Two Brands, Will Now Become Two CompaniesGap Inc. announced that it will separate Old Navy from its portfolio of brands to create two independent and publicly traded entities. On one hand, you have Old Navy, which has continued to deliver growth and profitability; the rest of the portfolio is a tangled web of troubled but promising brands. G Who still buy OldNavy and Gap Interesting
Source: Forbes - 🏆 394. / 53 Read more »