Jones Soda Co. (OTCQB:JSDA) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. disclosing revenue of $4.2 million, compared to $4.5 million in the same period of 2023. The Seattle-headquartered THC-infused soda maker noted that the third-quarter revenue includes approximately $800,000 in revenue from its Mary Jones business compared to approximately $220,000 in the third quarter of 2023.

The company attributes the decline in revenue to a reduced sales volumes as a result of a Canadian distributor's transition and loss of a discount retail customer in the U.S. Additionally, the ramp up of HD9 distributors has taken longer than...