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Jones Soda Co. (JSDA) is headquartered in Seattle, Washington and is a leading craft soda manufacturer that markets and distributes premium beverages under the Jones Soda, Jones Zilch, and Jones Stripped brands. Known for its variety of flavors, high-quality ingredients, and innovative labeling techniques, Jones Soda offers a diverse product line with options for everyone. Their products, including cane sugar soda, zero-calorie soda, and naturally sweetened sparkling beverages, are sold primarily in traditional beverage retailers across North America. Additionally, Jones Soda has expanded its offerings to include cannabis-infused products under the Mary Jones brand.
Jones Soda (CSE: JSDA, QTCQB: JSDA) has launched a new -edition S'mores Soda as part of its SPECIAL RELEASE series. This innovative flavor combines chocolate, marshmallow, and graham cracker tastes, available at Kroger and other U.S. grocery chains. The company has introduced several new products recently, including Jones Minis, Jones+, Spiked Jones, and Jones Craft Cola. These launches, along with the successful Nuka Cola Victory release inspired by the Fallout franchise, have been driving strong revenue increases. Jones is also experiencing rapid growth in its Mary Jones cannabis brand and has entered the HD9 space. CEO David Knight highlighted the Special Release program's role in product testing and potential mainline additions.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has closed the third and final tranche of its private placement offering, raising $750,000 in gross proceeds, of which $500,000 was cash. The total gross proceeds for the entire offering reached $4,403,960. The company paid Dominari Securities , the exclusive placement agent, $166,158.40 in cash commission and issued 440,400 Warrants as compensation. Jones Soda plans to use the net proceeds to support growth and for general corporate purposes. The offering included units composed of common shares and detachable share purchase warrants, sold to accredited investors in the United States and eligible investors in Canada under specific exemptions.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has provided an update on its private placement financing announced on August 1, 2024. The company has completed two tranches of the Offering for aggregate proceeds of US$3,653,960 out of a targeted US$5,000,000. Jones Soda intends to complete a third and final tranche by August 21, 2024. The Offering consists of units comprising one common share and one-half detachable share purchase warrant. The securities offered are not registered under the U.S. Securities Act but include registration rights. This update is not an offer to sell or solicitation to buy securities in the United States.
Jones Soda Co. (JSDA) reported strong Q2 2024 results, with revenue increasing 49% to $7.2 million, marking the highest second quarter revenue since 2009. The company's Mary Jones cannabis-infused beverage business contributed $1.2 million to revenue. Gross profit margin improved by 340 basis points to 35.8%. Despite the growth, Jones Soda reported a net loss of $1.6 million, or $(0.02) per share, compared to a $1.0 million loss in Q2 2023. The company launched new products, including Jones Minis in Walmart stores and Mary Jones HD-9 Shooters. Management remains focused on growth initiatives and product expansion, with plans to launch Pop Jones and Fiesta Jones in the coming months.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has announced two major expansions for its Mary Jones cannabis brand. The company is launching its first products in Michigan, the largest U.S. legal cannabis market by sales volume, through a partnership with Emerald Canning Partners. In California, Jones is introducing a new line of 100mg cannabis-infused shooters.
The Michigan launch will begin with THC-infused mixing syrups in September, followed by the full product portfolio. In California, the new portable shooters will join the existing lineup of beverages, syrups, and tablets. Mary Jones products are now available in over 1,200 dispensaries across California, Washington, Canada, and Michigan, with plans for further expansion.
Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) has closed the second tranche of its private placement offering, raising $640,000 in this round and a total of $3,653,960 to date. The offering consists of units comprising one common share and one-half detachable share purchase warrant. The company aims to cap the aggregate number of units at 12,500,000, targeting gross proceeds of $5 million. Proceeds will support growth and general corporate purposes. The offering includes a U.S. Financing under Rule 506(b) of Regulation D and a LIFE Offering for eligible investors in Canada (except Quebec). A third tranche is expected to close around August 8, 2024. The securities are not registered under the U.S. Securities Act but include registration rights.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA), a beverage innovation company and leading brand in the cannabis-infused beverage category, has scheduled its Q2 2024 earnings conference call for August 13, 2024, at 4:30 p.m. ET. The company will release its financial results for the quarter ended June 30, 2024, prior to the call. Management will host the call, followed by a Q&A session. A visual presentation will be showcased, and participation through the provided Zoom link is encouraged. The call will be available for replay via webcast and on the company's website. Investors can dial in toll-free at 1-877-407-0784 or internationally at 1-201-689-8560, with Conference ID: 13744441.
Jones Soda Co. (CSE: JSDA, QTCQB: JSDA) has increased its private placement offering from US$4 million to US$5 million. The company plans to issue up to 12,500,000 units at $0.40 per unit. Each unit consists of one common share and half a detachable warrant. Warrants are exercisable at US$0.50 per share for 24 months, with an acceleration clause if the stock price exceeds US$0.80 for five consecutive trading days.
The offering includes a U.S. Financing under Rule 506(b) of Regulation D and a LIFE Offering for Canadian investors. Proceeds will support growth and general corporate purposes. The offering is expected to close around July 23, 2024, subject to regulatory approvals.
Jones Soda announces the launch of Jones Craft Cola and Jones Craft Zero Cola, co-branded with Nitrocross, marking the company's entry into the cola category. This collaboration with Nitrocross, a motorsports entity, will kick off at the Nitrocross race in Richmond, VA, on September 6-7, 2024. The new products will be sold at Nitrocross events and nationwide. CEO David Knight emphasizes this partnership as part of Jones Soda's broader growth strategy, aiming to capture a younger audience with their premium, natural cane sugar and zero-calorie cola options. This initiative builds on Jones' legacy in the action sports community, extending their existing relations with Thrill One Sports & Entertainment and Street League Skateboarding.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announced an increase in its private placement from $3 million to $4 million due to high demand. The company will issue up to 10 million units at $0.40 per unit. Each unit consists of one common share and one-half of a detachable share purchase warrant, exercisable at $0.50 per share within 24 months. The proceeds will support growth and general corporate purposes. The offering targets accredited investors in the U.S. and eligible non-U.S. investors, with a closing expected around July 23, 2024. The offering is contingent on regulatory approvals.
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