Mr. Paul Norman reports

JONES SODA SECURES NEW USD 5 MILLION CREDIT FACILITY TO FUEL SALES GROWTH IN 2025

Jones Soda Co. has entered into a new $5-million (U.S.) revolving credit facility with Two Shore Capital Corp. The funds available under the facility are expected to be used for working capital purposes, and the facility itself is secured by all of the assets of the company and its subsidiaries. Advances drawn under the facility will bear an interest rate of 13.75 per cent per annum. In addition, the company has agreed to, subject to the approval of the Canadian Securities Exchange, issue to Two Shores 750,000 warrants with an exercise price of 45 cents per share for a three-year term. The facility replaces the $2-million credit facility announced in May, 2024.

"We expect this new larger credit facility agreement with Two Shores to support the expected sales growth in Jones's modern soda and adult beverage categories in 2025," said Paul Norman, chairman of Jones's board of directors. "Two Shores has recognized the market opportunities that Jones is developing in the modern soda and adult beverage segments, and we appreciate their partnership in facilitating our expected sales growth in 2025 and beyond."

"Our experience working with Paul and Brian in other CPG ventures gives us confidence that Jones is focused on the right market opportunities in the evolving beverage marketplace and that the company will have the financial discipline to manage their business successfully," said Sean Rosas, partner in Two Shores.

About Jones Soda Co.

Jones Soda is a leading developer of sodas and hemp-infused beverages known for its premium taste, unique flavours and unconventional brand personality. Launched in 1996 as the original craft soda brand, the company today markets a diverse portfolio of sodas, mixers, spiked soda and wellness beverages under the Jones Soda brand, as well as a line of award-winning hemp beverages and edibles leveraging Jones's trademark flavours under the Mary Jones brand.

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