Jones Soda Secures new USD 5 Million Credit Facility to Fuel Sales Growth in 2025
Jones Soda (JSDA) has secured a new $5 million revolving credit facility with Two Shore Capital Corp., replacing their previous $2 million facility from May 2024. The funds will be used for working capital to support expected sales growth in modern soda and adult beverage categories in 2025.
The facility bears a 13.75% annual interest rate and is secured by all company assets. As part of the agreement, Jones will issue 750,000 warrants to Two Shores at an exercise price of $0.45 per share with a three-year term, subject to Canadian Securities Exchange approval.
Jones Soda (JSDA) ha ottenuto un nuovo finanziamento revolving di 5 milioni di dollari con Two Shore Capital Corp., che sostituisce il precedente finanziamento di 2 milioni di dollari risalente a maggio 2024. I fondi saranno utilizzati come capitale circolante per supportare la crescita delle vendite attesa nelle categorie di bevande moderne e per adulti nel 2025.
Il finanziamento ha un tasso di interesse annuale del 13,75% ed è garantito da tutti gli asset dell'azienda. Come parte dell'accordo, Jones emetterà 750.000 warrant a Two Shores a un prezzo di esercizio di 0,45 dollari per azione con una scadenza di tre anni, soggetti all'approvazione della Canadian Securities Exchange.
Jones Soda (JSDA) ha conseguido una nueva línea de crédito revolving de 5 millones de dólares con Two Shore Capital Corp., reemplazando su anterior línea de 2 millones de dólares de mayo de 2024. Los fondos se utilizarán para capital de trabajo para respaldar el crecimiento esperado en las ventas de las categorías de refrescos modernos y bebidas para adultos en 2025.
La línea de crédito tiene una tasa de interés anual del 13,75% y está garantizada por todos los activos de la empresa. Como parte del acuerdo, Jones emitirá 750,000 warrants a Two Shores a un precio de ejercicio de 0,45 dólares por acción, con un plazo de tres años, sujeto a la aprobación de la Bolsa de Valores de Canadá.
Jones Soda (JSDA)는 Two Shore Capital Corp.와 함께 500만 달러 규모의 회전 신용 한도를 체결하여 2024년 5월 이전의 200만 달러 규모의 한도를 대체했습니다. 이 자금은 2025년 현대 음료 및 성인 음료 카테고리에서 예상되는 매출 성장을 지원하기 위해 운영 자본으로 사용될 것입니다.
이번 한도는 연 13.75%의 이자율을 가지며 회사의 모든 자산으로 담보됩니다. 계약의 일환으로, Jones는 Two Shores에 대해 주당 0.45달러의 행사가격으로 750,000개의 워런트를 발행할 예정이며, 이 기간은 3년으로 캐나다 증권 거래소의 승인을 필요로 합니다.
Jones Soda (JSDA) a obtenu une nouvelle ligne de crédit revolving de 5 millions de dollars avec Two Shore Capital Corp., remplaçant leur précédente ligne de 2 millions de dollars de mai 2024. Les fonds seront utilisés comme fonds de roulement pour soutenir la croissance attendue des ventes dans les catégories de sodas modernes et de boissons pour adultes en 2025.
La ligne de crédit porte un taux d'intérêt annuel de 13,75% et est garantie par tous les actifs de l'entreprise. Dans le cadre de l'accord, Jones émettra 750 000 bons de souscription à Two Shores à un prix d'exercice de 0,45 dollar par action, pour une durée de trois ans, sous réserve de l'approbation de la Bourse canadienne des valeurs mobilières.
Jones Soda (JSDA) hat eine neue 5 Millionen Dollar revolvierende Kreditlinie bei Two Shore Capital Corp. gesichert und ersetzt damit die vorherige Kreditlinie von 2 Millionen Dollar aus Mai 2024. Die Mittel werden als Betriebskapital verwendet, um das erwartete Verkaufswachstum in den modernen Limonade- und Erwachsenengetränkekategorien im Jahr 2025 zu unterstützen.
Die Kreditlinie hat einen jährlichen Zinssatz von 13,75% und ist durch alle Unternehmenswerte gesichert. Im Rahmen der Vereinbarung wird Jones 750.000 Warrants an Two Shores zu einem Ausübungspreis von 0,45 Dollar pro Aktie mit einer Laufzeit von drei Jahren ausgeben, vorbehaltlich der Genehmigung durch die Canadian Securities Exchange.
- Secured larger credit facility ($5M vs previous $2M)
- Additional working capital to support sales growth
- Expansion into modern soda and adult beverage categories
- High interest rate of 13.75% on credit facility
- Potential dilution from 750,000 warrants issuance
- All company assets pledged as security for the loan
"We expect this new larger credit facility agreement with Two Shores to support the expected sales growth in Jones' modern soda and adult beverage categories in 2025," said Paul Norman, Chairman of Jones' 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
Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading developer of sodas and hemp-infused beverages known for their premium taste, unique flavors, 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' trademark flavors under the Mary Jones brand. For more information, visit www.jonessoda.com, www.myjones.com, or https://gomaryjones.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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 Regarding Forward‐Looking Information
This news release may contain both forward‐looking information and forward-looking statements within the meaning of applicable securities legislation in both
Both forward‐looking information and forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward‐looking information or forward-looking statements provided by the Company are not a guarantee of future results or performance and that such forward‐looking information or forward-looking statements are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release including, without limitation, that the Company's management will be able to successfully implement the Company's strategic plan in the manner intended; that the Company will be able to utilize the funds available under the Facility as planned; that the Company will be able to successfully launch the products it intends to launch; that general business and economic conditions will not change in a material adverse manner; and assumptions regarding political and regulatory stability and stability in financial and capital markets.
Forward‐looking statements also involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others: the risk that the Company may not be able utilize the funds available under the Facility as intended or achieve the sales growth in the modern and adult beverage categories it is expecting; the state of the financial markets for the Company's securities; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time.
The forward‐looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward‐ looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Jones Soda
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