Mary Jones cannabis-infused sodas are available in four of Jones' fan-favorite flavors.

Simply Better Brands Corp. and Jones Soda Co. say they no longer intend to merge, citing a "decline in current market conditions.”

Simply Better Brands will acquire all of the issued and outstanding common shares, as well as the outstanding debt, of Jones for $98.9 million.

The Mary Jones launch portfolio includes single and multi-dose infused sodas, as well as syrup and gummies offered in four of the most popular Jones Soda flavors.

Jones Soda Co. has received final listing approval from Canadian Securities Exchange and the shares of common stock of the company will begin trading on the CSE.

The position was created as part of a leadership expansion related to the upcoming launch of Jones' cannabis-infused beverage and edibles business.

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.