|Bid||2.7400 x 400|
|Ask||2.8100 x 100|
|Day's Range||0.1150 - 0.1210|
|52 Week Range||0.0600 - 0.3800|
|Beta (5Y Monthly)||-1.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Long Blockchain Corp. (“LBCC”) (OTC Pink: LBCC) today announced the termination of its previously announced letter-of-intent to merge with Stran & Company, Inc. (“Stran”), a privately-held leading provider of comprehensive branding and incentive solutions. Stran informed Long Blockchain of its decision to not move forward with the proposed transaction after it became apparent that both sides would be unable to satisfy all necessary closing conditions in a reasonable amount of time. Long Blockchain will continue to operate Stran Loyalty Group, an ongoing collaboration between Stran and LBCC focused on loyalty programs.
QUINCY, MA & FARMINGDALE, NY, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Stran & Company, Inc. (“Stran”), a privately-held leading provider of comprehensive branding and incentive solutions doing business under the name Stran Promotional Solutions, and Long Blockchain Corp. (“LBCC”) (OTC Pink: LBCC), today announced they have entered into a non-binding letter of intent to merge their businesses. Founded in 1994, Stran has grown to become a premiere distributor of branded merchandise and services to leading organizations across the world and is a top 50 distributor of promotional products in the United States. Andy Shape is the Chief Executive Officer and a director of LBCC as well as the President of Stran.
Long Blockchain Corp. (LBCC) (“Long Blockchain” or the “Company”) announced today that it has entered into a definitive agreement for the sale of its wholly-owned beverage subsidiary, Long Island Brand Beverages LLC (“LIBB”), to ECC Ventures 2 Corp. (“ECC2”) (ETWO-P.V). LIBB operates in the non-alcohol ready-to-drink segment of the beverage industry under its flagship brand ‘The Original Long Island Brand Iced Tea®’. ECC2 is a capital pool company listed on the TSX Venture Exchange.