Jones Soda Secures new USD 5 Million Credit Facility to Fuel Sales Growth in 2025

SEATTLE, Feb. 6, 2025 /PRNewswire/ -- Jones Soda Co. ("Jones" or the "Company") (CSE: JSDA, OTCQB: JSDA) today announced it has entered into a new $5 million revolving credit facility (the "Facility") with Two Shore Capital Corp. ("Two Shores").  The funds available under the Facility are expected to be used for working capital purposes and the Facility itself is secured by all of the assets of the Company and its subsidiaries.   Advances drawn under the Facility will bear an interest rate of 13.75% per annum.  In addition, the Company has agreed to, subject to the approval of the Canadian Securities Exchange, issue to Two Shores 750,000 warrants with an exercise price of $0.45 per share for a three-year term.  The Facility replaces the $2 million credit facility announced in May 2024.

Read more at prnewswire.com