Revenue Growth
Net revenue increased 15% to $19.1 million in 2024 compared to $16.7 million in the prior year.
Beverage Segment Growth
The beverage segment saw strong growth with net revenues of $17.8 million in 2024, a 15.6% increase over the prior period.
Hemp-Derived HD9 Products
Generated $1.7 million in net revenues during the year, compared to nil in 2023.
Distribution Expansion
Increased distribution network to 81 partners, driving penetration in key national and regional retailers across 37 states.
Product Innovation
Introduction of Zero Colas and Fiesta Jones, focusing on consumer preferences and health trends.
Adult Beverage Growth
Mary Jones business saw nearly 150% year-over-year growth, with expansion into new states like Missouri.
New Credit Facility
Secured a new $5 million revolving credit facility to support growth initiatives.