Jones Soda Co. Sells Mary Jones THC Beverage Brand – Ganjapreneur | How to order Skittles Moonrock online

Seattle-based Jones Soda Co. has sold its hemp-based THC beverages brand Mary Jones to MJ Reg Disrupters for $3 million to “streamline operations and focus on its core soda offerings,” according to a press release.

Jones Soda unveiled its cannabis segment in 2022, launching Mary Jones first in California and then expanding the brand to other states. The company’s infused beverages contain hemp-derived delta-9 THC and cannabidiol (CBD).

MJ Reg Disrupters purchased Mary Jones with an initial June 19 cash payment of $489,399 plus an additional $2,510,610 via promissory notes over the next three years.

Jones Soda CEO Scott Harvey called the sale “an important milestone in our effort to focus our resources on areas where we see the strongest long-term growth and profitability.”

“We are proud of the innovation behind the Mary Jones brand, but I believe this divestiture enables us to sharpen our strategic priorities and accelerate investment in our core soda, functional beverage, and adult beverage categories.” — Harvey, in a statement

“We are excited about the opportunity to build on the Mary Jones legacy,” MJ Reg Director Joe Oblas said in the release. “Jones Soda created a unique and high-quality product, and we are committed to continuing its innovation and reach.”

Based in Portland, Oregon, Graham is Ganjapreneur’s Chief Editor. He has been writing about the legalization landscape since 2012 and has been contributing to Ganjapreneur since our official launch in… More by Graham Abbott