Long Blockchain Struggling: Nasdaq Issues Delisting Notice

Long Blockchain, the company formerly known as Long Island Iced Tea, has announced a new CEO and plans to spin off its original iced tea business. But there’s a problem: According to company’s balance sheets, it has no income or assets related to blockchain or cryptocurrency.
Long Blockchain has been attempting to rebrand itself — last year the company announced it was diversifying, shifting focus from beverages to blockchain technology — but investors aren’t buying