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Benzinga
Benzinga
Business
Nina Zdinjak

Jones Soda Acquires Pinestar Gold, Completes Concurrent Financings To Support Its Expansion Into Cannabis

Craft beverages distributor Jones Soda Co. (OTCQB:JSDA) has completed the previously announced acquisition of Pinestar Gold Inc., by way of a plan of arrangement under the Business Corporations Act.

As part of the arrangement, the obligations in respect of each share purchase warrant of Pinestar were assumed by Jones and each such remaining warrant became exercisable into one share of Jones Common stock at a price of CA$0.06 ($0.047) per share.

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