(This story was updated June 26 with more details and comment.)
Jones Soda Co. sold its marijuana-derived THC beverage business to MJ Reg Disrupters for $3 million.
The deal was for about $489,000 in cash with the remaining in the form of a promissory note with fixed payment schedules, according to a Monday news release.
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Seattle-based Jones Soda will continue to focus on its hemp-derived THC business, which includes Mary Jones sodas, shooters and gummies.
The Mary Jones hemp business has experienced four consecutive quarters of revenue growth through the first quarter of this year.
As part of the deal, MJ Reg Disrupters has the right to use the Mary Jones brand name in any “consumable product containing an emulsion containing THC derived
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