SOL Global acquires stake in Jones Soda

1 minute read
26 March 2019


On March 26, 2019, SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) announced that it had invested in premium soda-maker Jones Soda Co. (OTCQB: JSDA) based in Seattle.

SOL Global acquired 3,396,049 common shares of Jones Soda in the open market, representing approximately 8.19% of the total issued and outstanding common shares of the target company which, based on publicly available information, makes SOL Global the company's largest stockholder. SOL Global subsequently acquired additional shares, raising its stake to approximately 9.8%. SOL Global has filed a Schedule 13D with the United States Securities and Exchange Commission describing its investment.

SOL Global is an international investment company with a focus on, but not limited to, cannabis and cannabis-related companies in legal U.S. states, the hemp and CBD marketplaces and the emerging European cannabis and hemp marketplaces.

Peter Simeon and Josh Almario of Gowling WLG advised SOL Global on Canadian aspects of this investment.

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