SOL Global Investments has purchased a stake in US-based soft drinks producer Jones Soda.

SOL Global bought around 9.8% of Jones Soda’s total issued and outstanding common shares. The investment firm also filed an amendment to the Schedule 13D that it had previously filed with the US Securities and Exchange Commission (USEC).

Established in 1986 in Seattle, Washington, Jones Soda offers a wide range of flavoured craft drinks that are produced using cane sugar.

“SOL Global bought around 9.8% of Jones Soda’s total issued and outstanding common shares. “

This move follows the US-based manufacturer’s introduction of Jones Ginger Beer and two new sugar-free soft drink flavours.

Jones Soda’s existing product portfolio includes Jones Carbonated Candy, and Lemoncocco, a non-carbonated drink made with lemon and coconut.

SOL Global will continue to review its investment on a regular basis and holds the right to acquire additional shares or sell some of the acquired shares.

In May 2017, Jones Soda released alcoholic sparkling cider beverage Spiked Jones in the Pacific Northwest region.

Spiked Jones was created in collaboration with Jeff Bland, a cider maker for Spire Mountain Ciders at Fish Brewing in Olympia, Washington. It contains 6% alcohol-by-volume (ABV).