JONES SODA CO. PROVIDES UPDATE ON PRIVATE PLACEMENT By Investing.com

SEATTLE, Aug. 16, 2024 /PRNewswire/ — Jones Soda Co. (“Jones Soda” or the “Firm“)  (CSE:  JSDA, OTCQB: JSDA) needs to supply an replace on the personal placement financing of models consisting of (i) one (1) widespread share within the capital of the Firm and (ii) onehalf (1/2) of 1 removable share buy warrant for gross proceeds of as much as US$5,000,000 initially introduced within the Firm’s information launch dated August 1, 2024 (the “Providing“). The Firm has at the moment accomplished two tranches of the Providing for mixture proceeds of US$3,653,960. The Firm intends to finish a 3rd and last tranche of the Providing no later than August 21, 2024.

Not one of the securities being provided and bought within the Providing had been registered beneath america Securities Act of 1933, as amended, (the “U.S. Securities Act“) on the time of the Providing, nonetheless, such securities embrace registration rights. Not one of the securities issued within the Providing or any underlying securities could also be provided or bought in america absent registration beneath the U.S. Securities Act and all relevant state securities legal guidelines or an relevant exemption from such registration necessities.

This information launch shall not represent a proposal to promote, or a solicitation of a proposal to purchase, any securities in america, and shall not represent a proposal, solicitation or sale of any securities in any state or jurisdiction wherein such a proposal, solicitation or sale could be illegal. This information launch is being issued pursuant to and in accordance with Rule 135c beneath the U.S. Securities Act.

About  Jones Soda

Jones Soda Co. ® (CSE: JSDA, OTCQB:  JSDA) is a number one developer of sodas and cannabis-infused drinks recognized for his or her premium style, distinctive flavors and unconventional model character. Launched in 1996 as the unique craft soda model, the Firm as we speak markets a various portfolio of sodas, mixers and wellness drinks beneath the Jones ® Soda model in addition to a line of award-winning hashish drinks and edibles leveraging Jones’ trademark flavors beneath the Mary Jones model. For extra info, go to  www.jonessoda.com,  www.myjones.com, or  https://gomaryjones.com.

Contacts
David Knight, President and Chief Government Officer
1-206-624-3357

Investor Relations
Cody Cree (NYSE:)Gateway Group, Inc.
1-949-574-3860
[email protected]

The CSE doesn’t settle for accountability for the adequacy or accuracy of this launch.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary  Statements  Concerning  AheadWanting  Info

This information launch could include aheadtrying info throughout the which means of relevant securities laws in each Canada and america, which mirror administration’s present expectations concerning future occasions. Such  info  contains, with out  limitation,  info  concerning  the  completion and timing of a 3rd tranche of the  Providing.  Though the  Firm  believes that  such  info  is  affordable,  it  can  give no assurance that such expectations will show to be appropriate.

Aheadtrying info is usually recognized by phrases comparable to: “consider”, “anticipate”, “anticipate”, “intend”, “estimate”, “postulate” and related expressions, or are these, which, by their nature, discuss with future occasions. The Firm cautions traders that any aheadtrying info offered by the Firm isn’t a assure of future outcomes or efficiency and that such aheadtrying info is predicated upon a variety of estimates and assumptions of administration in mild of administration’s expertise and notion of developments, present situations and anticipated developments, in addition to different components that administration believes to be related and affordable within the circumstances, as of the date of this information launch together with, with out limitation,  that  the  Firm  will  be  ready  to  full a 3rd tranche of the Providing or make the most of  the  internet  proceeds of  the  Providing  in  the  method meant; that normal enterprise and financial situations is not going to change in a cloth opposed method;  and  assumptions  concerning  political  and  regulatory  stability and  stability  in  monetary  and capital markets.

Aheadtrying statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the aheadtrying  statements.  Such  dangers  and  different  components embrace,  amongst  others: the chance that the Firm is unable to finish a 3rd tranche of the Providing; the  danger  that  the Firm could not be capable to use the proceeds of the Providing as meant; the state of the monetary markets for the Firm’s securities; the  Firm’s capability to lift the required capital or to be totally in a position to implement its enterprise methods; and different dangers and components that the Firm is unaware of right now.

The aheadtrying statements contained on this information launch are made as of the date of this information  launch.  The  Firm disclaims  any  intention or  obligation  to  replace  or  revise  any  ahead trying  statements,  whether or not as  a  end result  of  new  info,  future occasions  or  in any other case,  besides  as required by regulation.