Streetbeat News

JSDA

Jones Soda Co.

Employees

Industry

Soft Drink Manufacturing

Open

0.22

Mkt cap

23M

Volume

279K

High

0.22

P/E Ratio

-3.33

52-wk high

0.60

Low

0.20

Div yield

N/A

52-wk low

0.12

Jones Soda Co. (OTCQB:JSDA) reported a 49% YoY revenue increase to $7.2 million for Q2 2024, driven by THC-infused beverage sales. Despite the revenue growth, the company saw a higher net loss of $1.6 million due to increased operating expenses aimed at supporting growth initiatives. The company also launched new products and expanded its Mary Jones cannabis brand.

Portfolio Pulse from Nina Zdinjak

August 14, 2024 | 12:42 pm

Jones Soda (OTC:JSDA) reported a Q2 GAAP EPS of $(0.02), a 100% decrease from $(0.01) YoY. Sales increased by 48.92% to $7.16M from $4.81M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:13 pm

Jones Soda Co. (OTCQB:JSDA) is expanding its Mary Jones cannabis brand into Michigan through a partnership with Emerald Canning Partners and introducing new cannabis-infused shooters in California. This move aims to capitalize on Michigan's leading position in legal cannabis sales and build on the strong performance of its THC-infused products.

Portfolio Pulse from Jelena Martinovic

August 13, 2024 | 5:16 pm

Jones Soda Co. (OTCQB:JSDA) has closed the second tranche of its private placement offering, raising $640,000. The company plans to close a third tranche by August 8, 2024, and will discuss its Q2 2024 financial results on August 13, 2024. The funds will support growth and general corporate purposes. Shares traded 6.25% lower at 45 cents after market close.

Portfolio Pulse from Jelena Martinovic

August 01, 2024 | 4:40 pm

Several cannabis companies, including Glass House Brands, Schwazze, Jones Soda, and SHF Holdings, are set to release their earnings reports in mid-August 2024. Key updates include Glass House's legal victory, Schwazze's debt restructuring, Jones Soda's private placement, and SHF Holdings' partnership with BIPOCann.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 4:40 pm

Jones Soda Co. (OTCQB:JSDA) has closed the first tranche of its private placement offering, raising $3,013,960. The company plans to use the proceeds for growth and general corporate purposes. A second tranche is expected to close by July 31, 2024.

Portfolio Pulse from Jelena Martinovic

July 29, 2024 | 4:29 pm

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.

Portfolio Pulse from Jelena Martinovic

July 18, 2024 | 2:11 pm

Jones Soda Co. reported a 39% year-over-year revenue increase for Q1 2024, reaching $5 million, with significant contributions from its cannabis business, Mary Jones. The company is transitioning from a soda company to a high-growth beverage company, with new product offerings and strategic partnerships. Gross profit margins improved, and net loss decreased slightly. The company also secured a $2 million revolving credit facility.

Portfolio Pulse from Nina Zdinjak

May 15, 2024 | 11:25 am

Jones Soda Co. (OTC:JSDA) has entered into a multi-year partnership with Street League Skateboarding (SLS) to integrate its craft sodas and cannabis-infused beverages into SLS events, including venues and athlete activations for the 2024 and 2025 seasons. The partnership also introduces 'SLS Futures', a youth development program sponsored by Jones Soda, aimed at nurturing young skateboarders. This collaboration is expected to enhance fan experiences and build on the growing popularity of SLS, following a record-breaking season with over 15 million viewers for the SLS Super Crown World Championship.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 2:25 am

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

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