Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M
Jones Soda Co. (CSE: JSDA) (QTCQB: JSDA) announced on Thursday that it has upsized its private placement of units.
The Seattle-based company first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million last week, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40 per unit, for aggregate gross proceeds of $4 million.
The company now intends to issue up to a maximum of 12,500,000 of its units for $0.40 per …