Jones Soda Co. Sells Mary Jones Cannabis Beverage Business to MJ Reg Disrupters LLC

Jones Soda Co. has divested its cannabis beverage business (the Cannabis Subsidiaries operating under the Mary Jones brand) to MJ Reg Disrupters LLC for $3.0 million in aggregate consideration (cash plus a promissory note). The sale includes a multi‑year trademark licensing agreement under which MJ Reg will pay annual fees to Jones; the divestiture is part of Jones Soda's strategy to streamline operations and focus on its core soda and adult beverage businesses.