Jones Soda Buys Canadian firm, Raises $11M In Step Toward CBD Drinks
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Seattle-based Jones could potentially produce both THC- and CBD-infused beverages
Craft soda maker Jones Soda acquired a Canadian shell company and raised $11 million in concurrent financing as part of a move to develop cannabis-infused products.
Proceeds “will be used towards the development of the company’s planned cannabis-infused beverages and edibles business line,” Jones President and CEO Mark Murray said in a Tuesday news release.
Seattle-based Jones could potentially produce both THC- and CBD-infused beverages, according to an October filing with the U.S. Securities and Exchange Commission.
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