Mr. Scott Harvey reports

JONES SODA CO. REITERATES ITS FOCUS ON HEMP-DERIVED (HD9) THC MARKET IN CONNECTION WITH ITS RECENT DIVESTITURE OF ITS MARIJUANA-DERIVED THC PRODUCT LINES

In connection with the previously announced divestiture of Jones Soda Co.'s marijuana-derived THC business, that the company has retained and continues to focus on its fast-growing hemp-derived THC product (HD9) line, which includes Mary Jones sodas, shooters and gummies, and which has seen four consecutive quarters of sales revenue growth through the first quarter of 2025.

"Although we made the strategic decision to sell our marijuana-derived THC business, we are excited about the opportunity to increase our focus on and continue to expand our distribution of our Mary Jones HD9 products, which have been some of our fastest-growing product categories," stated Scott Harvey, Jones Sodas' president and chief executive officer. "I believe the divestiture of our marijuana-derived THC business will enable us to sharpen our strategic priorities and accelerate investment in our core soda, functional beverage and adult beverage categories, including our hemp-infused THC segment," continued Mr. Harvey. "This is a segment were we already have significant retail distribution and strong distributor networks comprised of over 26 of the top DSD distributors in the country."

About Jones Soda Co.

Jones Soda, headquartered in Seattle, Wash., is a craft beverage company that markets and distributes premium sodas under the Jones Soda and Jones Zero Sugar brands, as well as adult beverages under the Spiked Jones brand. Known for its bold flavours, photo-labelled bottles and loyal customer base, Jones is focused on expanding its footprint in North America through innovation, channel growth and brand engagement.

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