JONES SODA CO - JSDA STOCK NEWS

Jones Soda Co. (OTCQB: JSDA) has announced the issuance of a $2,000,000 unsecured convertible debenture to SOL Global Investments Corp. for the expansion into cannabis and CBD products. Additionally, a non-binding term sheet has been signed with Pinestar Gold Inc. for a proposed merger and an expected $8,000,000 strategic financing. The funds will be used for transaction costs and developing cannabis-containing beverages and edibles. The terms include a share exchange and subscription receipts, pending regulatory and shareholder approvals.

Jones Soda Co (OTCQB: JSDA) has launched a limited-edition Red, White and Blue variety pack exclusively at 57 Costco locations in the Bay Area, just in time for the Fourth of July. The 12-pack includes flavors like Strawberry Lime, Lemon Lime, and Berry Lemonade. This initiative aligns with Jones Soda's strategic growth plan, which has led to three consecutive quarters of increased revenue and profitability. The variety packs cater to club store customers' preferences for value and stocking.

Jones Soda Co (OTCQB: JSDA) announced the limited-time availability of its popular Birthday Cake Slurpee at participating 7-Eleven stores in the Pacific Northwest through August 2021. This flavor, reminiscent of yellow cake, was relaunched in bottles to celebrate Jones Soda's 25th anniversary. Additionally, 7-Eleven will celebrate its 94th birthday in July by offering a free small Slurpee coupon to 7Rewards app members, which can be used to redeem the Jones Birthday Cake Slurpee. This collaboration aims to boost sales and expand Jones Soda's presence in convenience stores.

Jones Soda Co. (OTCQB: JSDA) has launched its Special Release series of limited-edition flavors at over 1,800 Kroger stores. This series features fan favorites like Birthday Cake Soda and Pineapple Cream Soda, with flavors changing every six months, aimed at driving sales through unique offerings. The partnership reflects a successful year, with significant sales growth surpassing the craft soda category. The strategy is expected to innovate and create a new revenue stream, following three quarters of increasing revenues and profitability.

Jones Soda Co (OTCQB: JSDA) has partnered with Prime Sales & Marketing to enhance its business with Walmart and explore opportunities in Sam's Club. This strategic alliance follows three consecutive quarters of revenue growth and profitability for Jones Soda. With approximately 624 Walmart stores already stocking their products, the partnership aims to expand brand visibility, both in-store and online. The company also introduced new product lines, targeting shopping trends of Walmart and Sam's Club consumers.

Jones Soda Co. (JSDA) reported revenue growth for the third consecutive quarter, with a 2% increase to $2.9 million compared to the previous year. Gross profit margin improved significantly by 610 basis points to 26.9%. Although the net loss decreased to $719,000, the adjusted EBITDA also showed improvement at $(578,000). Management attributed sales growth to their turnaround plan, anticipating further success in 2021 with new product launches and enhanced customer engagement strategies.

Jones Soda Co. (OTCQB: JSDA) announced a conference call scheduled for May 6, 2021, at 4:30 p.m. Eastern time to discuss its first-quarter financial results ending March 31, 2021. Investors are encouraged to submit questions for management's discussion via email before May 5, 2021. The call will be accessible for live listening and later replay, with specific dial-in numbers provided.

Jones Soda, known for its unique flavors and user-designed labels, markets premium beverages made with cane sugar and other quality ingredients.

Jones Soda Co. (OTCQB: JSDA) reported its financial results for Q4 and the full year 2020, showing significant progress in its turnaround strategy. Q4 revenue rose 14% to $2.5 million, with gross profit margin improving to 23.9%. The net loss narrowed to $918,000, or $(0.01) per share. For the full year, revenue increased 3% to $11.9 million, but the net loss widened to $3.0 million, maintaining a loss of $(0.05) per share. The company continues to focus on digital marketing and product expansion with new flavors and variety packs.

Jones Soda Co. (OTCQB: JSDA) will hold a conference call on March 10, 2021, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ending December 31, 2020. The company will release the financial results before the call. Investors can submit questions prior to the event, and the call will be available for live broadcast and replay. Jones Soda is known for its unique flavors and user-designed labels, marketed under the Jones Soda and Lemoncocco brands.