As part of a move to develop cannabis-infused beverage products, Jones Soda (JSDA) has acquired Canadian shell company Pinestar Gold.
In a Tuesday news release, Jones Soda President and CEO Mark Murray said, “Proceeds will be used towards the development of the company’s planned cannabis-infused beverages and edibles business line.”
According to an October filing with the U.S. Securities and Exchange Commission, Jones Soda (JSDA) could potentially produce both THC and CBD-infused beverages as part of its beverage offerings.
Jones Soda plans to list on the Canadian Securities Exchange, pending approvals.
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