Jones Soda Amends Loan Agreement to Boost Flexibility
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Jones Soda Co.'s subsidiary amended its loan agreement with Two Shores Capital Corp., raising the revolving loan cap to $10 million to boost financial flexibility. Despite financial challenges like negative cash flow, recent earnings show positive revenue growth. Technical indicators are neutral, and valuation concerns persist due to negative earnings. The stock is rated Neutral by Spark, TipRanks’ AI Analyst.
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