Seattle-headquartered Jones Soda Co. reports it has advanced its goal to expand into the cannabis beverages space with the acquisition of Vancouver-based Pinestar Gold Inc.
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Jones Soda announced this week it has completed the previously announced acquisition of all issued and outstanding shares of Pinestar, a gold mining and exploration company that Jones expects will help it realize its green prospects.
Shareholders in Pinestar have received Jones common stock. Beyond the acquisition, Jones raised US$11 million in concurrent financing.
“By completing the arrangement and concurrent financing, we have taken a significant step towards the implementation of the company’s planned expansion into the cannabis sector,” Mark
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