Latest news with #JonesSodaCo
Cision Canada
2 days ago
- Business
- Cision Canada
JONES SODA CO. ANNOUNCES DIVESTITURE OF CANNABIS BEVERAGE BUSINESS
SEATTLE, June 23, 2025 /CNW/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones" or the "Company"), a craft beverage company known for its premium sodas and unique consumer engagement, today announced that it has sold its cannabis beverage business, including all related cannabis-specific assets under the Mary Jones™ brand, to MJ Reg Disrupters LLC ("MJ Reg"), a privately held company. The transaction is part of Jones' previously announced strategy to streamline operations and focus on its core soda offerings, modern functional beverages, and emerging adult beverage category. Pursuant to the terms of a share purchase agreement dated June 19, 2025, entered into between the Company, MJ Reg and the Company's subsidiaries that hold its cannabis beverage business (the "Cannabis Subsidiaries"), as amended, all of the equity interests in the Cannabis Subsidiaries were sold to MJ Reg for three million dollars in aggregate consideration consisting of $489,399 in cash that was paid on the June 19, 2025 closing date of the transaction, plus $2,510,601 in the form of a promissory note with the following payment schedule, $510,601 due on June 27, 2025, $500,000 due on June 19, 2026, $750,000 on June 19 th, 2027 and $750,000 on June 19, 2028. As part of the transaction, the Company and MJ Reg entered into a multi-year exclusive and non-transferrable trademark licensing agreement (the "Licensing Agreement") dated June 19, 2025 (the "Effective Date") under which MJ Reg will have the right to use the Mary Jones brand name in any consumable product containing an emulsion derived from the marijuana plant with tetrahydrocannabinol (THC), in exchange for an annual licensing fee of: (a) $150,000 payable on the one (1) year anniversary of the Effective Date, and (b) $225,000 on each subsequent anniversary of the Effective Date. Assuming a 10 year term, the total amounts due to Jones Soda Co. would be $2,175,000. Scott Harvey, CEO of Jones Soda Co., stated: "The sale of the cannabis beverage business marks an important milestone in our effort to focus our resources on areas where we see the strongest long-term growth and profitability. We are proud of the innovation behind the Mary Jones brand, but I believe this divestiture enables us to sharpen our strategic priorities and accelerate investment in our core soda, functional beverage, and adult beverage categories." Joe Oblas, Director of MJ Reg Disrupters LLC, commented: "We are excited about the opportunity to build on the Mary Jones legacy and bring it to more consumers in the evolving cannabis beverage market. Jones Soda created a unique and high-quality product, and we are committed to continuing its innovation and reach." About Jones Soda Co. Jones Soda Co. ® (OTCQB: JSDA), headquartered in Seattle, Washington, is a craft beverage company that markets and distributes premium sodas under the Jones ® Soda and Jones ® Zero Sugar brands, as well as adult beverages under the Spiked Jones™ brand. Known for its bold flavors, photo-labeled bottles, and loyal customer base, Jones is focused on expanding its footprint in North America through innovation, channel growth, and brand engagement. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as well as applicable securities legislation in Canada. Forward –looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions readers that any forward –looking statements provided by the Company are not a guarantee of future results or performance and that such forward –looking statements are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release, including, without limitation, that the Company will realize the expected benefits of the divestiture of its cannabis business, and that the sale of the Company's cannabis business will enable the Company to sharpen its strategic priorities and accelerate investment in its core soda, functional beverage, and adult beverage categories. Forward –looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward –looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. For a discussion of additional risks and uncertainties, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward –looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward – looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Yahoo
12-05-2025
- Business
- Yahoo
Jones Soda Sets First Quarter 2025 Conference Call for Thursday, May 15, 2025, at 4:30 p.m. ET
SEATTLE, May 12, 2025 (GLOBE NEWSWIRE) -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) ('Jones Soda' or the 'Company'), today announced it will hold a conference call on Thursday, May 15, 2025, at 4:30 p.m. Eastern time to discuss its financial and operational results for the first quarter ended March 31, 2025. The financial results will be reported in a press release prior to the conference call. Chief Executive Officer Scott Harvey and Chief Financial Officer Brian Meadows will host the conference call, followed by a question-and-answer period. Investors and analysts are encouraged to submit questions they would like management to address during the discussion via email to JSDA@ by Wednesday, May 14, 2025, at 5:00 p.m. Eastern time. During the question-and-answer period, management will respond to the appropriate and common themes submitted online. Date: Thursday, May 15, 2025Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)Toll-free dial-in number: 1-877-407-0784International dial-in number: 1-201-689-8560Conference ID: 13753797 Please call the conference telephone number five minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting to the call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here and via the investor relations section of the Company's website at A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through May 29, 2025. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13753797 About Jones Soda Co. Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones® Soda brand, and a variety of cannabis products under the Mary Jones brand. Jones' mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit or Company Contact:Brian MeadowsChief Financial Officer1-206-624-3357 Investor Relations Contact:Scott LioliosGateway Group, Inc.1-949-574-3860JSDA@
Yahoo
22-04-2025
- Business
- Yahoo
Jones Soda Co. Expands POP Jones Placement Nationwide with Market Basket and Ongoing Retail Resets
Modern soda line builds momentum across key grocery banners including Albertsons, Kroger, Raley's, and Lunds & Byerly's SEATTLE, April 22, 2025 /PRNewswire/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) today announced that its prebiotic soda line made with natural ingredients, Pop Jones, is now featured in Modern Beverage POGs across several national and regional chain stores, boosting visibility in a high-traffic grocery chains. This follows Pop Jones' online launch in September 2024, driven by demand for healthier, functional beverages. Pop Jones is now available in over 1500 retail doors and continues to expand each month with new retailers. POP Jones is a prebiotic craft soda that marks Jones Soda's entry into the high-growth modern soda category. Each 12 oz can contain just 30 calories with ingredients including real juice, 4g of total sugar, 3g of fiber, and 20% RDA of zinc for immune support. Flavors include Watermelon Cucumber, Pineapple Ginger, Orange & Cream, Strawberry Passionfruit, and Mixed Berry & Kiwi, all leveraging Jones' nearly three decades of flavor expertise to deliver big taste in a better-for-you package. "Pop Jones landing in the below chains per the Modern Beverage POGs is a major milestone," said Scott Harvey, CEO of Jones Soda Co. "We're not just offering a better-for-you soda, we're making it easy for shoppers to grab something that delivers functional benefits and tastes amazing." The brand continues to gain national traction, with resets completed or underway at top grocery retailers across the country: Albertsons-Safeway: 683 stores in five divisions (Seattle, Haggen, Intermountain, Southern, Mid-Atlantic, and Shaw's), carrying up to four items. Kroger: 196 stores in Fred Meyer and QFC divisions; resets to be completed in May. Market Basket (Northeast): 87 stores, carrying five items. Raley's: 120 stores across CA, NV, AZ, and NM, carrying four items. Lunds & Byerly's: 29 stores, carrying five items. Hy-Vee: 100 stores, carrying five items. SpartanNash: 145 stores, carrying five items. Nugget Markets (CA): 17 stores, carrying five items. Save Mart (CA): 150 stores, carrying four items. With momentum building across major grocery banners and shelf space expanding coast to coast, Pop Jones is quickly establishing itself as a national player in the high-growth functional beverage category. Its growing retail footprint is a direct result of Jones Soda Co.'s strategic focus on innovation, flavor, and function—delivering a better-for-you soda that meets modern consumer demands without sacrificing taste. About Jones Soda Co. Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading developer of sodas and hemp-infused beverages known for their premium taste, unique flavors, and unconventional brand personality. Launched in 1996 as the original craft soda brand, the Company today markets a diverse portfolio of sodas, mixers, spiked soda, and wellness beverages under the Jones® Soda brand as well as a line of award-winning hemp beverages and edibles leveraging Jones' trademark flavors under the Mary Jones brand. For more information, visit or View original content to download multimedia: SOURCE Jones Soda Co. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Jones Soda Co (JSDA) Q4 2024 Earnings Call Highlights: Revenue Growth Amidst Rising Expenses
Net Revenue: Increased 15% to $19.1 million in 2024 from $16.7 million in 2023. Beverage Segment Revenue: $17.8 million in 2024, a 15.6% growth from $15.4 million in 2023. Hemp-Derived HD9 Products Revenue: Generated $1.7 million in 2024, compared to nil in 2023. Cannabis THC Segment Revenue: $1.3 million in 2024, up from $1.2 million in 2023. Gross Profit Margin: 21.3% in 2024, down from 29.1% in 2023, due to a $1.2 million inventory impairment charge. Total Operating Expenses: Increased to $14 million in 2024 from $9.7 million in 2023. Selling and Marketing Expenses: $6.8 million in 2024, up from $3.7 million in 2023. General and Administrative Expenses: Increased to $5.9 million in 2024 from $5.3 million in 2023. Net Loss: Increased to $9.9 million or $0.09 per share in 2024, from $4.9 million or $0.05 per share in 2023. Adjusted EBITDA: Negative $8.7 million in 2024, compared to negative $4.6 million in 2023. Cash Position: $1.5 million at the end of 2024. Revolving Credit Facility: Entered into a new $5 million facility post-2024. Warning! GuruFocus has detected 5 Warning Signs with JSDA. Release Date: April 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jones Soda Co (JSDA) reported a 15% increase in net revenue for 2024, reaching $19.1 million compared to $16.7 million in the prior year. The company saw strong growth in its hemp-derived HD9 products, generating $1.7 million in net revenues during 2024. Jones Soda Co (JSDA) expanded its distribution network to 81 partners, enhancing its presence in key national and regional retailers across 37 states. The company launched innovative products like zero colas and limited edition collaborations, such as the exclusive agreement with Crayola. Jones Soda Co (JSDA) is optimistic about the future of the functional soda segment, with new products like Popp Jones and Fiesta Jones gaining traction. Gross profit as a percentage of revenue decreased to 21.3% from 29.1% in the prior period, primarily due to a $1.2 million one-time inventory impairment charge. Total operating expenses increased significantly to $14 million in 2024 from $9.7 million in 2023, driven by higher selling and marketing expenses. The company reported a net loss of $9.9 million for 2024, up from a net loss of $4.9 million in 2023. Jones Soda Co (JSDA) faced operational challenges and poor financial discipline in the latter half of the year, impacting growth. The company experienced a decrease in adjusted EBITDA, which was negative $8.7 million compared to negative $4.6 million in the previous year. Q: With broader concerns about a slowdown in the economy, do you think you'll be able to accomplish your growth objectives if consumer spending continues to slow down or things get worse? A: Scott Harvey, CEO: We understand the concerns around the broader economy, but we have not seen a material slowdown in our operating categories. We are confident in our growth opportunities and are actively working to improve our cost bases and supply chain to enhance our margin profile and manage our P&L effectively. Q: How does Jones intend to navigate the shifting landscape of the HD9 playing field with many state attorney generals and congressional bodies taking steps to address this growing category? A: Scott Harvey, CEO: We are closely monitoring the evolving regulatory landscape of the HD9 category. We are committed to ensuring compliance with all regulations and are proactively engaging with regulatory bodies to understand potential impacts on our business, allowing us to adapt our strategy as needed. Q: What is the status of the Mary Jones launch in Michigan that was announced months ago? Are there any plans to expand into new states? A: Scott Harvey, CEO: Mary Jones launched in Michigan during Q4 2024, and our sodas launched on March 12, 2025. The launch broke our distributor's record for all KPIs except average order value. We are evaluating several other states and plan to launch in additional high-value states in 2025. Q: Where do you see the company in 5 years, and why should investors believe in this management team over the previous ones? A: Scott Harvey, CEO: In 5 years, we envision Jones evolving into a full-fledged beverage company, expanding beyond core offerings to capture new markets. Our management team is committed to financial discipline and operational excellence, ensuring smarter investments, improved margins, and long-term profitability. Q: Are you comfortable with your current liquidity position? A: Brian Meadows, CFO: We secured a new $5 million credit facility in February 2025 to support our growth initiatives. This facility allows us to borrow off a larger base of assets, providing flexibility to capitalize on growth opportunities. We will seek the best capital sources if further expansion is needed. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
Jones Soda Sets Fourth Quarter and Full Year 2024 Conference Call for Tuesday, April 1, 2025, at 9:00 a.m. ET
SEATTLE, March 27, 2025 (GLOBE NEWSWIRE) -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) ('Jones Soda' or the 'Company'), today announced it will hold a conference call on Tuesday, April 1, 2025, at 9:00 a.m. Eastern time to discuss its financial and operational results for the fourth quarter and full year ended December 31, 2024. The financial results will be reported in a press release prior to the conference call. Chief Executive Officer Scott Harvey and Chief Financial Officer Brian Meadows will host the conference call, followed by a question-and-answer period. Investors and analysts are encouraged to submit questions they would like management to address during the discussion via email to JSDA@ by Friday, March 28, 2025, at 5:00 p.m. Eastern time. During the question-and-answer period, management will respond to the appropriate and common themes submitted online. Date: Tuesday, April 1, 2025Time: 9:00 a.m. Eastern time (6:00 a.m. Pacific time)Toll-free dial-in number: 1-877-407-0784International dial-in number: 1-201-689-8560Conference ID: 13752687 Please call the conference telephone number five minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting to the call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here and via the investor relations section of the Company's website at A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through April 15, 2025. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13752687 About Jones Soda Co. Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones® Soda brand, and a variety of cannabis products under the Mary Jones brand. Jones' mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit or Company Contact:Brian MeadowsChief Financial Officer1-206-624-3357 Investor Relations Contact:Cody CreeGateway Group, Inc.1-949-574-3860JSDA@ in to access your portfolio
