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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.
Jones Soda Co. (OTCQB: JSDA) has entered into a definitive agreement to acquire Pinestar Gold Inc. as per a previously announced term sheet. The arrangement includes exchanging one Jones share for each Pinestar share on a post-consolidation basis. Pinestar plans to raise at least $8 million through a concurrent offering to fund expansions into cannabis-infused beverages and edibles. The deal, expected to close shortly after Pinestar's special meeting in December 2021, is subject to various approvals, including shareholder and regulatory consents.
Jones Soda Co (OTCQB: JSDA) has appointed Bohb Blair as its first chief marketing officer, a new role aimed at supporting the upcoming launch of a cannabis-infused beverage and edibles division. With over 20 years of marketing experience, including significant roles at Starcom and various creative agencies, Blair is expected to enhance brand management and marketing efforts. This strategic move aligns with Jones Soda's plans for expansion into the cannabis sector, which was previously announced in July. Blair’s appointment is effective immediately.
Jones Soda Co (OTCQB: JSDA) has launched a new series of augmented reality (AR) labels featuring the iconic fortune teller character Zoltar. These AR labels will showcase humorous fortunes through short videos accessed via the Jones Soda app and phone cameras. The labels will appear on popular flavors like Orange and Cream, Cream Soda, and Root Beer, aiming to engage younger consumers and enhance brand storytelling. This initiative, supported by a partnership with Characters Unlimited, is a key element in Jones Soda's strategy to attract new customers.
Summary not available.
Jones Soda Co. (JSDA) reported a notable 44% increase in second-quarter revenue, reaching $4.5 million, compared to $3.1 million a year ago.
This marks the company's fourth consecutive quarter of revenue growth and its first profitable quarter since 2016, with a net income of $309,000.
Gross profit margin increased to 31.3% from 18.9%.
Management attributes this success to strategic initiatives, including product expansion in major retail chains.
Jones Soda Co. (OTCQB: JSDA) will hold a conference call on August 5, 2021, at 4:30 p.m. ET to discuss its second-quarter financial results for the period ending June 30, 2021. Interested parties can submit their questions via email by August 4, 2021. Participants can dial in using a toll-free number or an international line. The call will be available live and later as a replay until August 12, 2021. Jones Soda is known for its craft sodas and innovative labeling, emphasizing high-quality ingredients and consumer engagement in its branding.
Jones Soda Co. (OTCQB: JSDA) has launched a series of augmented reality labels featuring 15 extreme athletes and artists, now available on 1.5 million bottles across five popular soda flavors. This innovative marketing strategy aims to enhance consumer engagement through a new app that activates videos related to the individual artists. Additionally, a contest has been initiated to source user-generated video content for a future label series set for March 2022, which will further connect the brand with its younger audience.
Jones Soda Co (OTCQB: JSDA) has issued a US$2,000,000 unsecured convertible debenture to SOL Global Investments Corp and entered a non-binding term sheet with Pinestar Gold Inc. to expand into cannabis beverages and edibles. The proceeds will be used exclusively for transaction costs and business expansion. The transaction includes a proposed acquisition of Pinestar, with Jones offering 4,000,000 shares and warrants. The deal depends on due diligence, regulatory approvals, and shareholder consent. The potential expansion aligns with Jones' brand identity.
Jones Soda Co. (OTCQB: JSDA) has announced the issuance of a $2,000,000 unsecured convertible debenture to SOL Global Investments Corp. for the expansion into cannabis and CBD products. Additionally, a non-binding term sheet has been signed with Pinestar Gold Inc. for a proposed merger and an expected $8,000,000 strategic financing. The funds will be used for transaction costs and developing cannabis-containing beverages and edibles. The terms include a share exchange and subscription receipts, pending regulatory and shareholder approvals.
Jones Soda Co (OTCQB: JSDA) has launched a limited-edition Red, White and Blue variety pack exclusively at 57 Costco locations in the Bay Area, just in time for the Fourth of July. The 12-pack includes flavors like Strawberry Lime, Lemon Lime, and Berry Lemonade. This initiative aligns with Jones Soda's strategic growth plan, which has led to three consecutive quarters of increased revenue and profitability. The variety packs cater to club store customers' preferences for value and stocking.