Jones Soda Co Stock Price, News & Analysis

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announced distribution agreements that expand its retail presence beyond traditional grocery stores, marking a strategic move that contributes to seven consecutive quarters of growth for its core bottled soda business. New partnerships include placements at TJ Maxx/Marshalls/HomeGoods, Dollar Tree, World Market, and others. These agreements leverage Jones Soda's unique brand and innovative flavors, allowing the company to enhance brand awareness and product accessibility across various retail channels.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announced its financial results for Q1 2022, reporting a 58% increase in revenue to $4.5 million compared to $2.9 million in the previous year. The gross profit margin rose to 27.3%, up from 26.9%. Despite these gains, the company recorded a net loss of $1.7 million and an adjusted EBITDA of $(1.1 million), impacted by cannabis-related expenses. Additionally, delays in launching its Mary Jones cannabis line were noted, which has been postponed to Q2.

Management expressed confidence in their growth strategies and partnerships including a binding LOI with Simply Better Brands, aiming to diversify revenue.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announced a conference call on May 11, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q1 ended March 31, 2022. Investors are encouraged to submit questions via email by May 10, 2022, at 5:00 p.m. Eastern time. The call will be available for live broadcast and recorded replay thereafter until May 18, 2022. Jones Soda specializes in craft sodas and cannabis products, distributing under the Jones and Mary Jones brands.

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.