Jones Soda Co. reports developments across its craft soda business, including financial results, product launches, retail distribution and branded partnerships. The company’s updates have featured core soda sales, direct-to-consumer activity, food service, modern soda products and multi-pack programs in Walmart and warehouse club channels in the United States and Canada.
Company announcements also cover licensed beverage programs such as Fallout-inspired Sunset Sarsaparilla, packaging partnerships tied to consumer campaigns, conference calls, operating guidance and management commentary on margins, cost discipline and channel expansion.
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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.
Jones Soda Co. (CSE: JSDA) has announced its international expansion into European markets through a partnership with American Fizz, the UK’s largest distributor of American food and drinks. The company, known for its bold and unique soda flavors made with pure cane sugar, is compliant with EU food regulations and will begin distribution in England, France, and Belgium in 2023. Jones Soda offers classic and innovative flavors, and is recognized for its customer engagement and unique branding, including personalized bottle caps. Further expansion into Germany and Spain is also planned.
On February 28, 2023, Jones Soda (CSE: JSDA, OTCQB: JSDA) announced the appointment of Gregg Reichman to its Board of Directors until the next annual meeting of stockholders. Chairman Paul Norman expressed confidence that Reichman’s expertise in finance and investments will enhance the company's corporate strategy, aiming to deliver greater value to stockholders through growth and diversification. The company is known for its craft sodas and cannabis products, with a presence in both traditional beverage markets and the cannabis sector across North America.