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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. (CSE: JSDA, OTCQB: JSDA) reported its Q1 2024 financial results, marking its highest revenue first quarter since 2009. Revenue increased by 29% to $5.0 million, with a gross profit margin increase of 850 basis points to 37.8%. The company's net loss improved to $1.2 million from $1.4 million in Q1 2023. The Mary Jones brand contributed $600,000 in revenue, up from $200,000 the previous year. Significant business activities included collaboration with Grubhub, a partnership with Street League Skateboarding, and expanded distribution with Dot Foods. Management remains optimistic about future growth, particularly in the cannabis beverage segment.
Street League Skateboarding (SLS) and Jones Soda have signed a multi-year partnership to champion action sports, featuring collaborations across in-venue, content, and athlete activations. Jones Soda will serve as the official sponsor of the all-new 'SLS Futures' youth program, tapping into the innovative spirit of SLS events. This partnership aims to celebrate and develop the next generation of skateboarders while enhancing fan engagement.
Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) will hold a conference call on May 14, 2024, to discuss financial results for Q1 2024. The call will include a live Q&A and visual presentation for investors and analysts.
Jones Soda Co. announced the launch of a new Hemp Delta-9 (HD9)-infused product category, Gummies, in four flavors, capitalizing on the growing popularity of HD9 products. The Gummies are available in 50MG and 100MG packs, mirroring the iconic taste of Jones Soda. Mary Jones continues its expansion into the cannabis market, building on its success with cannabis-infused beverages. The HD9 Gummies are designed to cater to evolving consumer preferences and are already generating significant interest among retailers and consumers.
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