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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.
Simply Better Brands Corp. and Jones Soda Co. have announced a binding letter of intent for a business combination aimed at accelerating growth in the plant-based wellness, food and beverage, and health and beauty markets. The transaction is expected to generate annual sales exceeding USD $60 million with a combined gross margin of approximately 48%. Simply Better Brands will acquire all Jones common shares at a deemed value of USD $0.75 per share, resulting in a transaction value of approximately USD $98.9 million. Completion is subject to various approvals and conditions.
Jones Soda Co (CSE: JSDA, OTCQB: JSDA) has launched its third series of augmented reality (AR) labels, transforming 1.5 million bottles into short action videos featuring 15 influencers from various fields. Timed with the increasing consumer engagement on platforms like TikTok, this initiative showcases athletes and artists, further enhancing the brand's unique identity. The new labels are now available in the U.S. and Canada, reflecting the brand's continuous evolution since the initial AR introduction last year. Jones Soda aims to deepen fan connections through interactive experiences.
Jones Soda Co. (OTCQB: JSDA) has launched its first cannabis-infused beverage and edibles line under the new brand Mary Jones, introducing 16 SKUs that include infused sodas, syrups, and gummies. Targeting the California market initially, the products blend familiar Jones flavors with cannabis, aiming to capture both experienced and new users. This strategic move leverages the brand's 25-year history and aims for significant growth in the cannabis sector, overcoming operational challenges with scalable models for quality and brand integrity.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) reported a sixth consecutive quarter of revenue growth, achieving an 18% increase to $2.9 million in Q4 2021. Full-year revenue rose 24% to $14.8 million. Gross profit margin improved significantly, increasing 720 basis points to 29.7% for the year. Despite a net loss of $1.8 million (-$0.03 per share), this was an improvement from the previous year. The company is set to enter the cannabis sector, with launches expected by Q1 2022, and has secured partnerships to enhance brand visibility and distribution.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has announced a significant expansion of its fountain beverage program through a new partnership with Costco Business Centers across the U.S. The company will provide its Root Beer bag-in-box cane sugar syrup, marking the first nationwide distribution in this channel. This partnership aims to enhance market presence in the foodservice sector and cater to businesses needing fountain supplies. The initial shipments are set to arrive this month, with promotional tools included to boost brand recognition.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) will hold a conference call on March 10, 2022, at 4:30 p.m. ET to discuss its financial results for Q4 and the full year ending December 31, 2021. The results will be released prior to the call, and management will answer investor questions submitted via email by March 9. The call will be accessible via toll-free and international numbers, with a replay available until March 17, 2022. Jones Soda is known for its unique flavors and consumer-designed labels, distributing premium beverages across North America.
Jones Soda Co. has announced that its common stock will commence trading on the Canadian Securities Exchange (CSE) under the ticker symbol JSDA as of February 18, 2022. This decision follows the final listing approval from the CSE. Jones Soda markets premium craft beverages, emphasizing quality ingredients and innovative packaging. For additional details, stakeholders can refer to the company’s listing statement on the CSE and related profiles on SEDAR and the company's investor relations page.
Jones Soda Co. (JSDA) has successfully acquired all issued and outstanding common shares of Pinestar Gold Inc. as part of a strategic plan to expand into the cannabis sector. The acquisition followed a conference of $8 million in subscription receipts at $0.50 each, converting into shares and warrants of both companies. The move aims to develop cannabis-infused beverages and has secured conditional approval to list on the Canadian Securities Exchange, enhancing liquidity and market appeal. A new board of directors has been appointed, facilitating a refined corporate governance approach.
Jones Soda Co (OTCQB: JSDA) has launched its first bottled ICEE flavor, Cherry, in a special release program this February. The product, featuring a combination of Jones Soda's iconic label with ICEE branding, is now being shipped to select retailers. Additionally, Jones Soda plans to introduce Blue Raspberry and a new Mango Melon flavor during summer months. This collaboration aims to boost revenues, as the company has experienced growth for five consecutive quarters, and it seeks to expand its foodservice and retail presence.
Jones Soda Co (OTCQB: JSDA) partners with Wesana Health and Mike Tyson to launch a new line of nootropic supplements aimed at enhancing mental health.
This collaboration seeks to create beverages focused on promoting brain health through natural ingredients. The drinks, Tyson’s Punch and Tiger’s Blood, blend functional nootropics with refreshing flavors. Available for purchase on Jonessoda.com, this initiative is set to debut in Q1 2022, reflecting their commitment to innovative health solutions.
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