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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) will host a conference call on May 4, 2023, at 4:30 p.m. Eastern time to discuss its Q1 2023 financial results. The results will be shared in a press release ahead of the call. Investors can submit questions to be addressed during the call until April 28, 2023. The call can be accessed through toll-free numbers or online, and a replay will be available until May 11, 2023. Jones Soda is known for its craft sodas and cannabis products, marketed under various brands including Mary Jones. The company operates across North America and is headquartered in Seattle, Washington.
Jones Soda Co. (CSE: JSDA) has announced an expansion of its Mary Jones cannabis-infused beverage brand into Michigan and Nevada, following strong performance in California. The rollout includes a full portfolio of products, building on the brand's status as the top seller in California's cannabis beverage market with over 275 dispensaries. Manufacturing and distribution in the new markets will be managed by Maxxx Labs. Michigan and Nevada's cannabis markets are growing, with Michigan set to expand with new dispensaries. The products will include 10mg and 100mg THC-infused sodas, slated for summer release in both states.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) reported its financial results for Q4 and full year 2022, marking the tenth consecutive quarter of year-over-year revenue growth. Q4 2022 revenue increased 28% to $3.7 million, while full-year revenue rose 29% to $19.1 million. Despite the revenue growth, the company reported a net loss of $1.6 million in Q4 and $6.4 million for the full year. The gross profit margin decreased due to rising material costs and one-time write-offs. For 2022, adjusted EBITDA was $(4.6 million). Management is optimistic about the cannabis market with the Mary Jones brand and is focusing on product innovation.
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