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

SEATTLE, Aug. 16, 2024 /PRNewswire/ — Jones Soda Co. (“Jones Soda” or the “Company“)  (CSE:  JSDA, OTCQB: JSDA) needs to supply an replace on the personal placement financing of items 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 “Offering“). The Firm has presently accomplished two tranches of the Providing for combination proceeds of US$3,653,960. The Firm intends to finish a 3rd and remaining tranche of the Providing no later than August 21, 2024.

Not one of the securities being supplied and offered within the Providing had been registered below the US Securities Act of 1933, as amended, (the “U.S. Securities Act“) on the time of the Providing, nonetheless, such securities embody registration rights. Not one of the securities issued within the Providing or any underlying securities could also be supplied or offered in the US absent registration below 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 the US, 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 below 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 persona. Launched in 1996 as the unique craft soda model, the Firm in the present day markets a various portfolio of sodas, mixers and wellness drinks below the Jones ® Soda model in addition to a line of award-winning hashish drinks and edibles leveraging Jones’ trademark flavors below 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 Govt Officer
1-206-624-3357

Investor Relations
Cody Cree (NYSE:)Gateway Group, Inc.
1-949-574-3860
JSDA@gateway-grp.com

The CSE doesn’t settle for duty 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  Relating to  AheadWanting  Data

This information launch might include aheadwanting info throughout the that means of relevant securities laws in each Canada and the US, which mirror administration’s present expectations relating to future occasions. Such  info  contains, with out  limitation,  info  relating to  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 right.

Aheadwanting info is usually recognized by phrases corresponding to: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and related expressions, or are these, which, by their nature, seek advice from future occasions. The Firm cautions traders that any aheadwanting info offered by the Firm just isn’t a assure of future outcomes or efficiency and that such aheadwanting info is predicated upon quite a lot of estimates and assumptions of administration in gentle of administration’s expertise and notion of developments, present circumstances 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  web  proceeds of  the  Providing  in  the  method supposed; that normal enterprise and financial circumstances is not going to change in a cloth adversarial method;  and  assumptions  relating to  political  and  regulatory  stability and  stability  in  monetary  and capital markets.

Aheadwanting 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wanting  statements.  Such  dangers  and  different  components embody,  amongst  others: the chance that the Firm is unable to finish a 3rd tranche of the Providing; the  threat  that  the Firm might not be capable to use the proceeds of the Providing as supposed; the state of the monetary markets for the Firm’s securities; the  Firm’s potential to boost the required capital or to be absolutely in a position to implement its enterprise methods; and different dangers and components that the Firm is unaware of at the moment.

The aheadwanting 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 wanting  statements,  whether or not as  a  outcome  of  new  info,  future occasions  or  in any other case,  besides  as required by legislation.