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Jones Soda Co. Announces Closing Of First Tranche Of Private Placement Of Units For Gross Proceeds Of $3,013,960

Campari ‘Outperforms Industry’ With 3.8% Growth

Gap and Madhappy collaborate on a New line

BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible Note

Amazon Briefing: 3 Things To Watch Out For Ahead Of Amazon’s Earnings

Jones Soda Co. Announces Closing Of First Tranche Of Private Placement Of Units For Gross Proceeds Of $3,013,960

29 July 2024, PR Newswire

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has successfully closed the first part of its private placement offering, raising $3,013,960. The offering includes one common share and half of a detachable share purchase warrant per unit. 🚀

The proceeds will support company growth and general purposes. The units are being sold to accredited investors in the U.S. under Rule 506(b) and to non-U.S. persons under Regulation S. Additionally, eligible Canadian investors (excluding Quebec) can participate under the LIFE Offering, with no holding period for Canadian securities but restrictions under U.S. law.

Jones Soda plans a second tranche closing around July 31, 2024. Note that these securities weren't registered under the U.S. Securities Act at the time of the offering, thus they can only be sold in the U.S. with proper registration or exemption. 📈

Campari ‘Outperforms Industry’ With 3.8% Growth

31 July 2024, The Spirit Business

Campari Group reported a solid 3.8% growth in net sales for H1 2024, with total sales reaching €1.523 million ($1.649m) and net profit at €219.7m ($238m), up 1.3%. The growth was driven by Campari and Aperol, particularly strong in the Americas and Germany. 🌟 However, poor weather in Europe affected sales in France, the UK, and Italy. Despite these challenges, other markets like Spain and Greece saw significant growth. 🥂 

In the Americas, Espolòn Tequila and rum sales in Jamaica soared, while Canada remained flat. Asia Pacific faced a 10.7% decline due to struggles in Australia, though China and South Korea saw gains. Despite some setbacks, CEO Matteo Fantacchiotti expressed confidence in continuing to outperform the industry, highlighting the excitement around Courvoisier. 🚀

Gap and Madhappy Collaborate on New Line

29 July 2024, Fashion Dive

Gap and Madhappy are launching a 41-piece capsule collection for men, women, and children on August 2nd 🎉. The line will include denim, outerwear, hoodies, and accessories, featuring Madhappy’s MAD logo and reimagined Gap essentials. Prices range from $34.95 to $158. Items will be available on both companies’ e-commerce sites and in select stores.

This collaboration celebrates self-expression and individuality, with an ad campaign featuring influencer Devon Lee Carlson and musician 070 Shake 🌟. Madhappy’s co-founder, Noah Raf, expressed pride in working with Gap, a staple of American heritage.

Gap will donate to the Madhappy Foundation, which supports mental health initiatives. Gap's recent collaborations, including with Zac Posen and Dôen, highlight its focus on unique partnerships. Gap Inc. reported a 3.4% increase in Q1 net sales to $3.4 billion 📈.

BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible Note

24 July 2024, Morning Star

BranchOut Food Inc. (NASDAQ: BOF) announced a $525,000 investment led by CEO Eric Healy ($400K), Eagle Vision Fund LP ($100K), and the company’s President ($25K) in exchange for 692,529 shares. Additionally, a $3.4M convertible note with Kaufman Kapital was closed. Funds will complete the buildout of a large-scale production facility in Peru, including two new Radiant Energy Vacuum (REV) machines by EnWave Corp. Expected to go online in Q4, the factory will have a $40M production capacity with 40-50% margins.

BranchOut is fulfilling $8M in orders from major retailers but has delayed additional orders pending factory completion. CEO Eric Healy emphasizes this investment will boost production and profitability. Daniel Kaufman of Kaufman Kapital highlights the opportunity created by BranchOut’s innovative technology and strong leadership. Deven Jain of Kaufman Kapital joins BranchOut's board.

🍇🌽 BranchOut’s GentleDry technology preserves up to 95% of nutrients, backed by 17+ patents.

Amazon Briefing: 3 Things To Watch Out For Ahead Of Amazon’s Earnings

1 August 2024, Modern Retail 

Amazon reported over $143 billion in Q1 revenue, a 13% increase, and profits exceeding $10 billion. In June, Amazon reached a $2 trillion market value. As Q2 earnings approach on August 1, analysts are eyeing Amazon’s investments in AI and its retail competition with Temu and Shein.

🛍️ Retail Competition

Temu and Shein, offering rock-bottom prices, challenge Amazon. To counter, Amazon is launching a discount store and promoting its fast delivery, boasting over 5 billion same/next-day deliveries. These moves aim to reclaim market share and attract price-conscious shoppers amid inflation.

🤖 AI Investments

Under CEO Andy Jassy, Amazon is heavily investing in AI, including the shopping assistant Rufus, and plans to spend $100 billion on data centers for AWS. These investments aim to secure Amazon's future competitiveness in AI-driven services.

📺 Advertising Push 

Amazon's ad revenue grew 24% in Q1, driven by product ads. New ventures include adding commercials to Prime Video and an NBA deal to attract advertisers. Amazon’s unique data-driven targeting capabilities make it a formidable player in the advertising space.

Amazon remains dominant but faces significant competition and challenges ahead, especially from fast-growing rivals and the need to sustain its growth across multiple fronts.

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