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 models consisting of (i) one (1) frequent 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 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 closing tranche of the Providing no later than August 21, 2024.

Not one of the securities being supplied and offered within the Providing have been registered underneath america Securities Act of 1933, as amended, (the “U.S. Securities Act“) on the time of the Providing, nevertheless, 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 america absent registration underneath 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 during which such a proposal, solicitation or sale can be illegal. This information launch is being issued pursuant to and in accordance with Rule 135c underneath 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 at present markets a various portfolio of sodas, mixers and wellness drinks underneath the Jones ® Soda model in addition to a line of award-winning hashish drinks and edibles leveraging Jones’ trademark flavors underneath the Mary Jones model. For extra data, 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
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trying data throughout the which means of relevant securities laws in each Canada and america, which replicate administration’s present expectations relating to future occasions. Such  data  consists of, with out  limitation,  data  relating to  the  completion and timing of a 3rd tranche of the  Providing.  Though the  Firm  believes that  such  data  is  affordable,  it  can  give no assurance that such expectations will show to be right.

Aheadtrying data is often recognized by phrases resembling: “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trying data supplied by the Firm is just not a assure of future outcomes or efficiency and that such aheadtrying data relies upon quite a few estimates and assumptions of administration in mild of administration’s expertise and notion of traits, present situations and anticipated developments, in addition to different elements 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  in a position  to  full a 3rd tranche of the Providing or make the most of  the  web  proceeds of  the  Providing  in  the  method supposed; that basic enterprise and financial situations won’t change in a fabric antagonistic method;  and  assumptions  relating to  political  and  regulatory  stability and  stability  in  monetary  and capital markets.

Aheadtrying statements contain recognized and unknown dangers, uncertainties and different elements 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  elements 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 of use the proceeds of the Providing as supposed; the state of the monetary markets for the Firm’s securities; the  Firm’s potential to lift the mandatory capital or to be absolutely capable of implement its enterprise methods; and different dangers and elements 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  data,  future occasions  or  in any other case,  besides  as required by legislation.