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Jones Soda Co. Seeks to Enter Cannabis-Infused Beverage Market
Company to use funds from $2M convertible debenture.
Jones Soda Co., known for its unconventional flavors and user-designed label artwork, has announced plans to use funds from a $2 million convertible debenture to develop and sell cannabis-containing beverages, edibles and other products.
The company has issued to SOL Global Investments Corp. an unsecured convertible debenture and has entered into a non-binding term sheet with Pinestar Gold Inc., a Canadian Reporting Issuer, and SOL. Jones intends to operate its planned cannabis operations through one or more subsidiaries that are separate from its craft beverage business.