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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 Co. (CSE: JSDA, OTCQB: JSDA) announced a private placement of up to 7.5 million units at $0.40 per unit, aiming to raise $3 million. Each unit comprises one common share and a half-share purchase warrant, with each whole warrant exercisable at $0.50 per share for 24 months. The company can accelerate the expiry of the warrants if the stock price exceeds $0.80 for five consecutive days. Proceeds will support growth and general corporate purposes. The offering targets accredited U.S. investors under Regulation D and non-U.S. investors under Regulation S, with an expected closing date of July 18, 2024, pending regulatory approvals.
Jones Soda (CSE: JSDA, OTCQB: JSDA) has launched Mary Jones Hemp Delta-9 (HD-9) Shooters, expanding its product lineup beyond traditional sodas. These new two-ounce portable beverages contain 10MG of HD-9 and come in flavors like Berry Lemonade, Green Apple, MF Grape, and Orange & Cream. This product aims to meet growing consumer demand for small, convenient drink formats and further the company's transition into a high-growth beverage market. CEO David Knight emphasized the company's innovation and national retail market expansion through this new offering. The HD-9 Shooters are available in various brick-and-mortar stores and online.
Jones Soda (JSDA) has announced a charitable partnership with Folds of Honor, a nonprofit providing educational scholarships to families of fallen or disabled U.S. service members and first responders. To kick off the collaboration, Jones Soda will donate 50% of profits from a special 4th of July 12-pack featuring three popular flavors—Strawberry Lime, Cream Soda, and Berry Lemonade. The pack, adorned with the Folds of Honor flag symbol, is available for purchase on the Jones Soda website, with delivery in time for 4th of July. The partnership will extend to the Jones+ Caffeine energy drink line, available across multiple retail channels, including military and grocery stores. CEO David Knight emphasized the importance of supporting military veterans and first responders, while Folds of Honor's CEO, Lt Col Dan Rooney, highlighted the significance of the partnership in raising funds and awareness for their mission.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has announced its entry into the $19.1 billion craft mixer category with the launch of Jones Premium Craft Mixers. The new range includes six flavors, sold in 7.5-ounce single-size cocktail four-packs, and a mixed six-pack that requires only the addition of vodka. These products will be available nationally by Fall 2024. The launch follows Jones Soda's recent ventures into mini soda cans and pre-mixed alcohol products. CEO David Knight emphasized the company's flavor mastery and commitment to expanding beyond craft soda. The craft mixer market is experiencing an 8.2% CAGR and strong growth in premium segments.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has launched its new 7.5 ounce mini cans, branded as Jones Minis, available in 700 Walmart stores across the U.S. The mini cans, containing four of Jones' popular flavors, are caffeine-free and ideal for various occasions. The launch will be supported by a nationwide sampling campaign, starting at the Bentonville Bike Fest from May 23-26, 2024. Jones Soda aims to expand Jones Minis across more retailers and into Canadian markets by Fall 2024. CEO David Knight highlights this as another first for the brand, reinforcing Jones Soda's reputation for innovation. The company also plans further growth into alcohol, food service, and cannabis sectors.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) reported its Q1 2024 financial results, marking its highest revenue first quarter since 2009. Revenue increased by 29% to $5.0 million, with a gross profit margin increase of 850 basis points to 37.8%. The company's net loss improved to $1.2 million from $1.4 million in Q1 2023. The Mary Jones brand contributed $600,000 in revenue, up from $200,000 the previous year. Significant business activities included collaboration with Grubhub, a partnership with Street League Skateboarding, and expanded distribution with Dot Foods. Management remains optimistic about future growth, particularly in the cannabis beverage segment.
Street League Skateboarding (SLS) and Jones Soda have signed a multi-year partnership to champion action sports, featuring collaborations across in-venue, content, and athlete activations. Jones Soda will serve as the official sponsor of the all-new 'SLS Futures' youth program, tapping into the innovative spirit of SLS events. This partnership aims to celebrate and develop the next generation of skateboarders while enhancing fan engagement.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) will hold a conference call on May 14, 2024, to discuss financial results for Q1 2024. The call will include a live Q&A and visual presentation for investors and analysts.
Jones Soda Co. announced the launch of a new Hemp Delta-9 (HD9)-infused product category, Gummies, in four flavors, capitalizing on the growing popularity of HD9 products. The Gummies are available in 50MG and 100MG packs, mirroring the iconic taste of Jones Soda. Mary Jones continues its expansion into the cannabis market, building on its success with cannabis-infused beverages. The HD9 Gummies are designed to cater to evolving consumer preferences and are already generating significant interest among retailers and consumers.
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