Story perspectives

Jones Soda Sells Cannabis Business for $3 Million

6/23/2025

25 6

Summary

Story summary

Jones Soda Co. sold its cannabis beverage business, including the Mary Jones brand, for $3 million.
The transaction consists of $489,399 in cash and a promissory note with payments due until 2028.
An exclusive licensing agreement permits MJ Reg to use the Mary Jones name for cannabis products.
CEO Scott Harvey stated the sale aligns with Jones Soda's focus on core beverage categories.
MJ Reg plans to grow the Mary Jones brand in the cannabis beverage market.

1 of 1

Story summary

Jones Soda Co. sold its cannabis beverage business, including the Mary Jones brand, for $3 million.
The transaction consists of $489,399 in cash and a promissory note with payments due until 2028.
An exclusive licensing agreement permits MJ Reg to use the Mary Jones name for cannabis products.
CEO Scott Harvey stated the sale aligns with Jones Soda's focus on core beverage categories.
MJ Reg plans to grow the Mary Jones brand in the cannabis beverage market.