Jones Soda Co. has acquired Canada’s Pinestar Gold Inc. in alignment with its goal to enter the cannabis sector.
“The proceeds from the concurrent financing will be used towards the development of the company’s planned cannabis-infused beverages and edibles business line, and the acquisition of Pinestar has enabled us to become a public reporting company in Canada,” said Mark Murray, president and chief executive officer of Jones.
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 under the ticker symbol “JSDA”.
“The listing of the company’s shares of common stock on the CSE would not only increase the liquidity of our shares but would also enable the company to appeal to potential investors in Canada, as well as the United States, as the company’s share of common stock would have an active trading market on both sides of the border,” Murray said.
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