[PRESS RELEASE] – SEATTLE, June 23, 2025 – Jones Soda Co., a craft beverage corporate identified for its top class sodas and distinctive shopper engagement, introduced that it has bought its hashish beverage industry, together with all similar cannabis-specific belongings beneath the Mary Jones emblem, to MJ Reg Disrupters LLC, a privately held corporate.
The transaction is a part of Jones’ in the past introduced option to streamline operations and concentrate on its core soda choices, fashionable practical drinks, and the rising grownup beverage class. Pursuant to the phrases of a percentage acquire settlement dated June 19, 2025, entered into between the corporate, MJ Reg and the corporate’s subsidiaries that dangle its hashish beverage industry (the “hashish subsidiaries”), as amended, the entire fairness pursuits within the hashish subsidiaries had been bought to MJ Reg for $3 million in mixture attention consisting of $489,399 in money that was once paid at the June 19, 2025 last date of the transaction, plus $2,510,601 within the type of a promissory observe with the next cost time table, $510,601 due on June 27, 2025, $500,000 due on June 19, 2026, $750,000 on June 19, 2027, and $750,000 on June 19, 2028.
As a part of the transaction, the corporate and MJ Reg entered right into a multiyear unique and non-transferrable trademark licensing settlement dated June 19, 2025 (the “efficient date”), beneath which MJ Reg may have the appropriate to make use of the Mary Jones emblem identify in any consumable product containing an emulsion derived from the marijuana plant with THC, in trade for an annual licensing rate of: (a) $150,000 payable at the one-year anniversary of the efficient date, and (b) $225,000 on every next anniversary of the efficient date. Assuming a 10-year time period, the overall quantity because of Jones Soda Co. can be $2,175,000.
“The sale of the hashish beverage industry marks a very powerful milestone in our effort to center of attention our sources on spaces the place we see the most powerful long-term expansion and profitability,” Jones Soda Co. CEO Scott Harvey mentioned. “We’re happy with the innovation in the back of the Mary Jones emblem, however I consider this divestiture allows us to sharpen our strategic priorities and boost up funding in our core soda, practical beverage, and grownup beverage classes.”
MJ Reg Listing Joe Oblas mentioned, “We’re serious about the chance to construct at the Mary Jones legacy and produce it to extra shoppers within the evolving hashish beverage marketplace. Jones Soda created a singular and fine quality product, and we’re dedicated to proceeding its innovation and achieve.”
