SOL Global Investments Corp. has increased its investment in Jones Soda Co. The firm has now acquired more than 4 million common shares of Jones Soda, or approximately 9.8 percent of the company. SOL Global has a focus on cannabis and cannabis-related companies in legal U.S. states, the hemp and CBD marketplaces, and the emerging European cannabis and hemp marketplaces. Its strategic investments and partnerships across cultivation, distribution, and retail complement the company's R&D program with the University of Miami.
SOL Global said it believes there are numerous operational and strategic opportunities to maximize shareholder value in Jones Soda. The firm will review its investment in the company on a continuing basis and may choose to purchase additional common shares.
Founded in 1986, Seattle-based Jones Soda redeveloped the majority of its product line using colors derived from natural sources. Its sodas are distributed throughout North America and are available in glass bottles, cans, and in foodservice fountains.
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