Investment company whose interests include cannabis ups its stake in Jones Soda

Ellen Samek - thegrowthop.com Posted 5 years ago
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SOL Global Investments Corp., an international investment company with interests in cannabis and cannabis-related companies, has increased its investment in premium soda-maker Jones Soda Co.

“SOL Global has acquired 4,066,048 common shares of Jones Soda, or approximately 9.8 percent of the total issued and outstanding common shares of Jones Soda,” reports SOL Global, whose cannabis focus relates to the legal U.S. states, the hemp and CBD marketplaces and the emerging European cannabis and hemp marketplaces.

 

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“SOL Global will review its investment in Jones Soda on a continuing basis and reserves the right to take any action with respect to its investment it deems appropriate, including, but not limited to, purchasing additional common shares of Jones Soda, selling some or all of the common shares that SOL Global holds, or otherwise modifying its investment strategy with regard to Jones Soda,” the company statement points out.

Seattle-based Jones Soda is known for its wide variety of flavoured craft sodas, made with pure cane sugar and other high-quality ingredients. “The company continues to innovate its core brands as demand for healthier sodas that contain high-quality ingredients grows and has also redeveloped the majority of its product line using colors derived from natural sources,” the press release adds.

SOL Global’s strategic investments and partnerships across cannabis cultivation, distribution and retail “complement the company’s R&D program with the University of Miami. It is this comprehensive approach that is positioning SOL Global as a future frontrunner in the U.S.’s medical cannabis industry,” the statement maintains.

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