Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M
Portfolio Pulse from Jelena Martinovic
Jones Soda Co. (OTCQB: JSDA) has increased its private placement to $5 million, issuing up to 12,500,000 units at $0.40 per unit. Each unit includes one common share and one-half of a detachable share purchase warrant, exercisable at $0.50 per share for 24 months. The proceeds will support growth and general corporate purposes.
July 18, 2024 | 2:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jones Soda Co. has increased its private placement to $5 million, issuing up to 12,500,000 units at $0.40 per unit. The proceeds will support growth and general corporate purposes.
The increased private placement indicates strong investor interest and provides additional capital for growth and corporate purposes. This is likely to be viewed positively by the market, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100