“By completing the arrangement and concurrent financing, we have taken a significant step towards the implementation of the company’s planned expansion into the cannabis sector,” Mark Murray, president and CEO of Jones Soda, said in a company statement.Article content
Murray reports that financing proceeds “will be used towards the development of the company’s planned cannabis-infused beverages and edibles business line.”last October, Jones cited its plans “to develop and market THC/CBD-infused and/or cannabis-infused beverages and edibles.” The filing further noted the company was striving to “successfully develop and launch new products that match consumer beverage trends.”
By acquiring Pinestar, this “has enabled us to become a public reporting company in Canada,” Murray points out, with the company press release adding the Canadian Securities Exchange “has conditionally approved the listing of the Jones Shares on the CSE.”Article content Listing Jones’ common stock on the CSE “would not only increase the liquidity of our shares, but would also enable the company to appeal to potential investors in Canada as well as the United States as the company’s share of common stock would have an active trading market on both sides of the border,” Murray explains.cites the six most commonly used products among people who consumed cannabis in the past 12 months.
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