Jones Soda Co. announced a private placement of up to 7,500,000 units of the company at a price of $0.40 per unit for the gross proceeds of $3,000,000 on July 10, 2024. Each unit will be composed of one (1) common share in the capital of the Company; and one-half (1/2) of one detachable share purchase warrant.

Each whole warrant will be exercisable into one Common Share at a price of $0.50 per share for a period of 24 months from the date of issuance. The company expects to close the Offering on or about July 18, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the CSE.