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July 16, 2021

Jones Soda

Jones Soda announced that it has issued a $2 million unsecured convertible debenture to SOL Global Investments (SOL) and has entered into a non-binding term sheet with Pinestar Gold, a Canadian reporting issuer, and SOL. Jones intends to use the proceeds for transaction costs and the expansion of Jones' business to the production and sale of cannabis-containing beverages, edibles and related products. Jones intends to operate its planned cannabis operations through one or more subsidiaries that are separate from its craft beverage business. The proposed transactions are subject to approval by both the shareholders of Pinestar and the Supreme Court of British Columbia. Headquartered in Seattle, Jones markets and distributes premium craft beverages under the Jones Soda and Lemoncocco brands.




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