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.

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