Long Island Iced Tea Corp (fka LTEA)

[NYKnuckleballer]

Long Island Iced Tea Acquires Alo Juice

For 5,000 shares of common stock?

~$25,000 for a product that did a ~$1M worth of business in 2016?

I guess it's safe to say it wasn't making any money, or even close to it.

From LTEA's point-of-view, how could they go wrong? Bizarre.

http://www.bevnet.com/news/2016/long-island-iced-tea-acquires-alo-juice