– Four Fan-Favorite Jones Soda Flavors Infused with THC Take Flavors Higher –

SEATTLE, June 22, 2022 /PRNewswire/ — Get ready for the best tasting brand in cannabis, available now in California. After 25 years of creating signature craft soda flavors and famously featuring fan-submitted photo labels on every bottle, Jones Soda Co. is entering a whole new category with the new Mary Jones brand of cannabis-infused sodas.

Mary Jones 10mg Cannabis-Infused Sodas are available in Jones’ fan-favorite Root Beer, Berry Lemonade, Green Apple and Orange & Cream flavors. Every flavor tastes like the Jones Soda original, thanks to Jones flavor scientists who have spent more than two decades as innovators in flavor and have now adapted their iconic recipes for cannabis. These delicious sodas are sold in single-serving 12 oz glass bottles with a 4-pack carrier perfect to bring to a party and share with friends.

The new Mary Jones products also continue Jones Soda’s tradition of using photographs submitted by consumers on their bottle labels and printing quotes from fans under the bottle caps. These traditions of getting fans involved with the brand through self-expression, along with unique flavors like FuFu Berry and partnerships with partners from UFC champion Julianna Pena to Sub Pop Records, have built a community of passionate fans that has continued to grow.

Mary Jones keeps things DIY by offering a custom t-shirt builder enabling fans, influencers and budtenders to create individualized designs to wear or list for sale on the MaryMart commerce site where Mary Jones shares profits with creators.

Other Mary Jones products scheduled for launch in California later this year include a 100mg cannabis-infused soda packaged in a 16 oz, 10-serving can; a 1000mg syrup cannabis tincture designed for mixing with other drinks, using as a food topping or sipping; carbonated candy 2.5mg tablets for flavorful microdoses on the go; and 5mg cannabis-infused gummies shaped like miniature Jones soda bottles with a fun mini-four-pack carrier for a build-it-yourself downloadable DIY project. Plans are underway for additional products as well as expansion into other legal adult-use states.

“Jones Soda is a legendary brand built from bold flavors and doing bold things,” said Bohb Blair, Chief Brand Officer, Mary Jones Cannabis Co. and CMO, Jones Soda Co. “Whether you’re a canna-newbie or a cannaseur, our sodas are the most exciting flavors in cannabis today, and our product roadmap will keep our fans delighted by what’s to come.”

In California, Mary Jones has partnered with Kiva Sales and Service (KSS), distribution and sales; Tinley Beverage Company, cannabis beverage manufacturing; and SōRSE Technology, emulsion and formulation.

Mary Jones sodas are available at launch at California dispensaries including Sweet Flower locations around Los Angeles, Green Goddess in Venice Beach, and Embarc in northern California. A full list of dispensaries carrying Mary Jones products is available on the storefinder page at www.gomaryjones.com.

About Jones Soda Co.
Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones® Soda and Lemoncocco® brands, and a variety of cannabis products under the Mary Jones brand.  Jones’ mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit www.jonessoda.com, www.myjones.com, www.drinklemoncocco.com or https://gomaryjones.com

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

– New Placements Include TJ Maxx/Marshalls/HomeGoods, Dollar Tree, World Market & More –

SEATTLE, May 12, 2022 /PRNewswire/ — Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) (“Jones” or the “Company”), the original craft soda known for its unconventional flavors and user-submitted photo labels, today announced new distribution agreements that are expanding the company’s retail footprint beyond conventional grocery channels. The new agreements mark the latest achievements in executing a strategic plan that has helped the company deliver seven consecutive quarters of growth for its core bottled soda business.

Focusing on alternative channels such as specialty retail, variety and convenience stores, the new placements reflect the enduring appeal of the unique brand personality created by Jones’ novel soda flavors and constantly changing label images selected from photographs taken by Jones fans. The new distribution agreements include:

• TJ Maxx/Marshalls/HomeGoods, with roughly 70% of the chain’s 2,800 locations now offering Jones Soda 4-packs in Berry Lemonade, Cream Soda, Orange & Cream, Green Apple and Root Beer as well as Jones’ rotating Special Release flavors.
• Dollar Tree, the discount variety store chain with more than 15,000 stores, which is now carrying 12/12 oz Jones Soda single bottles in four flavors.
• World Market (formerly Cost Plus World Market), the 242-store specialty/import retail business that will feature Jones Soda 4-packs in four flavors plus the brand’s Pineapple Cream Special Release for its Summertime Happy Hour promotion beginning in May.
• Town Pump, a chain of petroleum, travel plazas, convenience stores, gas stations, casinos, hotels, propane and car washes in Montana and Idaho that is carrying Jones Soda single bottles in four flavors as well as Special Release items.
• PITCO Foods, a California-based wholesale cash & carry, distribution and members-only warehouse company serving over 12,000 independent convenience, grocery and liquor stores and foodservice operators, which is stocking Jones 4-packs in four flavors as well as 12-bottle Fan Faves and new Mixer variety packs.
• McLendon Hardware, a chain of home improvement stores in Washington State that has added Jones Soda’s 12-count variety packs, 4-packs and single-pack items.

“Our core bottled soda business remains our key growth driver, and we made a strategic decision last year to continue to build that business as well as brand awareness by seeking distribution in alternative channels,” said Eric Chastain, President of the Jones Soda Beverage Division. “These new agreements validate that strategy and also demonstrate the versatility of the Jones brand. We’re not just an everyday craft soda but also a fun shopping and tasting experience. We stand out on the shelf, and that’s why we’re succeeding in this initiative.”

The company also continues to expand its footprint in the regional grocery channel with new distribution at The Save Mart Companies, which operates more than 200 stores under the Save Mart, S-Mart Goods, Lucky and FoodMaxx names in California and Nevada. The Save Mart agreement follows the recent announcement that Jones is returning to 210 Meijer stores in six Midwest states as well as continually strengthened relationships with national accounts including Kroger, Safeway Albertsons and Walmart.

About Jones Soda Co.
Jones Soda Co.^® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones^® Soda and Lemoncocco^® brands, and a variety of cannabis products under the Mary Jones brand. Jones’ mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit www.jonessoda.com, www.myjones.com, www.drinklemoncocco.com or www.MaryJonesCa nnabis.com.

SOURCE Jones Soda

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Ottawa, ON April 28, 2022 – Molecule Holdings Inc. (CSE: MLCL) (“Molecule” or the “Company”), a Canadian craft-focused cannabis beverage production company, is thrilled with the reception of their new beverages launched through Ontario Cannabis Stores (OCS) this spring. Ontario consumers have embraced PHRESH Summer Punch making it the highest performing spring launch SKU through the OCS with over 15,000 units sold online and to Ontario retailers as of Friday April 22nd. Retail penetration rate for the new PHRESH flavour has already topped 43%. PHRESH STRAINS sold out within the first 10 days of sale. We have since received additional orders on PHRESH STRAINS of approximately 20,000 units. The two new CANAJO flavours (Regular and Espresso Spice) have achieved combined sales of just under 8,000 units. Our new embody line has so far enjoyed sales just under 3,000 units. All of our new launch items of have been re-ordered by the province for near term delivery.

Commented David Reingold, CEO of Molecule, “April has been an exciting month with all of our products performing well in market. PHRESH Summer Punch hitting #1 in market for new launch items is especially rewarding. Our new lines CANAJO, embody, and our new PHRESH STRAINS, are also showing solid performance all while our current in market items continue to perform to our expectations. We are excited about the ongoing success of the sales and marketing teams as they continue to build momentum and additional market penetration as we head into the summer beverage market.”

About Molecule Holdings Inc.

Molecule is a licensed producer dedicated to creating cannabis-infused beverages for the Canadian market. We produce leading, top-quality drinks to provide opportunity and choice to people seeking a convenient and social way to consume cannabis. Molecule is focused on growing both our portfolio, and the overall cannabis beverage market. We want to ensure people have the best opportunity to find exactly the product and experience they thirst for.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (“forwardlooking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forwardlooking statements in this news release include statements relating to the anticipated ongoing sales and orders of the recently launched flavours through the Ontario Cannabis Store; the impact of new sales to the Ontario Cannabis Store on the Company’s business; the expected ongoing uptake of PHRESH, PHRESH STRAINS, CANAJO and embody in the marketplace; the Company’s plans to further penetrate the Ontario market; and the Company’s ability to produce cannabis-infused beverages for the Canadian beverage market to provide opportunities for people to consume cannabis. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions.

The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Toronto, Ontario and Los Angeles, California–(Newsfile Corp. – April 25, 2022) – The Tinley Beverage Company Inc. (CSE: TNY) (OTCQX: TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that the launch of its Tinleys 27 Smooth Coconut elixir is continuing to roll out in Ontario. The Company is also pleased to announce that it has received an advance in the aggregate amount of US$612,250 (the “Advance”) from Richard Gillis, President and Chief Operating Officer of Tinley’s USA, and member of Tinley’s Office of the CEO.

Tinley’s Ontario Brand Launch Update

The Company is working with its sales agents, Northern Elements, to introduce Tinleys ’27 Smooth Coconut elixir to an increasing number of dispensaries in key Ontario regional markets since the product’s listing went live earlier this month. To help accelerate retail and consumer uptake, non-infused versions of the product are being offered in store to buyers and are also being made available to dispensaries for consumer sampling events to illustrate the easy sip, mix, and share possibilities of the Tinleys ’27 Caribbean-inspired elixir. In addition, retail point-of-purchase materials are now available, including counter cards with recipe booklets promoting five use occasions through easy-to-mix at home mocktail recipes.

The product continues to be available online via the Ontario Cannabis Store (the “OCS”) website. The Company understands that the OCS reallocates inventory from its warehoused stock in response to online demand, and consumers seeking to order from the OCS website may see the product shown as out of stock, and then find the product available to order hours later or the following day. The Company further understands that the OCS online internal replenishment cycle is expected to accelerate throughout the first 30-60 days of listing. As previously announced, Tinleys Classics Mystic Dove Paloma-inspired ready-to-drink mocktail is expected to be available to Ontario dispensaries and consumers in May.

Dispensary Counter Card and Easy Recipe Booklets for Tinleys ’27 Smooth Coconut, Now in Ontario Distribution, and Counter Card for Tinleys Classics Mystic Dove, for Expected Distribution in May 2022 (concepts shown).

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8257/121530_401647b9c4573883_001full.jpg

The Advance

The Advance will be evidenced by a secured, convertible promissory note, the terms and conditions of which are to be determined by the Company and Richard Gillis at a forthcoming date. The proceeds of the Advance will be used for Tinley’s working capital and for general corporate purposes.

The Advance is subject to all necessary approvals, including final approval from the Canadian Securities Exchange.

Regulatory Matters

The Advance is considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of the Advance. Further details will be provided in the Company’s material change report to be filed on SEDAR. The Company did not file a material change report in respect of the related party transaction less than 21 days prior to the closing of the transaction, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Advance in an expeditious manner.

Other Corporate Updates: Previously Announced Acquisition Transaction

Tinley’s is pleased to announce that the Company and Lakewood Libations, Inc. (“Lakewood”) have received approval by the City of Long Beach, California for the previously announced agreements for Tinley’s to purchase one hundred percent (100%) of the shares of Lakewood from Richard Gillis for a nominal fee, (the “Acquisition Transaction”). The Company and Lakewood have now submitted the final applications for the change of control of Lakewood to the State of California. The State’s approval, barring unforeseen delays, may be expected on or about the end of Q2 2022. State approval will be the final step in the previously announced change of control of Lakewood and the closing of the Acquisition Transaction.

About The Tinley Beverage Company and Beckett’s Tonics

The Tinley Beverage Company Inc. (CSE: TNY) (OTCQX: TNYBF) develops and has licensed the production through its Long Beach, CA state-licensed manufacturing facility of terpene and cannabis-infused non-alcoholic Tinley’s ’27 and Tinley’s Tonics products which are distributed to licensed dispensaries and home delivery channels in California. Expansion of these products, adapted for manufacturing and sale in Canada, is currently underway under the Tinleys ’27 and Tinleys Classics brands. The Beckett’s Classics and Beckett’s ’27 lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers, as well as online, in the United States as well as in select grocery and specialty stores in Canada. Tinley’s facility in Long Beach California contains some of the state’s most versatile and technologically advanced cannabis-licensed beverage manufacturing equipment and provides manufacturing and first-mile distribution services under one roof for third-party brands in addition to Company-owned brands. Please visit www.drinktinley.com, and www.drinkbecketts.com Twitter and Instagram (@drinktinleys and @drinkbecketts) for recipes, product information and home delivery options.

Forward-Looking Statements

This news release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but instead include financial projections and estimates, statements regarding plans, goals, objectives and intentions, statements regarding the Company’s expectations with respect to its future business and operations, the closing of the previously announced Lakewood Acquisition, the timing of the Company’s manufacturing capability enhancements and production runs, revenue growth, management’s expectations regarding growth, the expected benefits from facility and equipment upgrades, expected benefits from first-mile distribution services enabled by the on-site distribution licence, the timing of the manufacturing, distribution and sale of Tinley’s infused products in Canada, the timing of the production of new batches of client products at Tinley’s Long Beach Facility and phrases containing words such as “ongoing”, “estimates”, “expects”, or the negative thereof or any other variations thereon or comparable terminology referring to future events or results, or that events or conditions “will”, “may”, “could”, or “should” occur or be achieved, or comparable terminology referring to future events or results. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental, or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices and delays in the development of projects. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. Products, formulations, and timelines outlined herein are subject to change at any time.

For further information, please contact:

The Tinley Beverage Company Inc.
Ted Zittell
(310) 507-9146
[email protected]
(CSE: TNY) (OTCQX: TNYBF)

Twitter: @drinktinleys and @drinkbecketts
Instagram: @drinktinleys and @drinkbecketts
www.drinktinley.com

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

– Continues to Execute on Turnaround Strategy, Reports Sixth Consecutive Quarter of Revenue Growth –

– Completes Strategic Entry into Cannabis Sector; Expects to Launch Portfolio by End of First Quarter 

SEATTLE, March 10, 2022 (GLOBE NEWSWIRE) — Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) (“Jones Soda” or the “Company”), the original craft soda company known for its unconventional flavors and user-designed label artwork, announced its financial results for the fourth quarter and full year ended December 31, 2021.

Fourth Quarter 2021 Financial Highlights vs. Year-Ago Quarter

• Revenue increased 18% to $2.9 million compared to $2.5 million.
• Gross profit as a percentage of revenue increased 260 basis points to 26.5% compared to 23.9%.
• Net loss was $1.3 million, or $(0.02) per share, compared to a net loss of $0.9 million, or $(0.01) per share.
• Adjusted EBITDA¹ was $(1.2) million compared to $(0.8) million. Adjusted EBITDA included approximately $0.4 million in cannabis-related expenses during the fourth quarter of 2021.

Full Year 2021 Financial Highlights vs. Prior Year

• Revenue increased 24% to $14.8 million compared to $11.9 million.
• Gross profit as a percentage of revenue increased 720 basis points to 29.7% compared to 22.5%.
• Net loss improved to $1.8 million or $(0.03) per share, compared to a net loss of $3.0 million, or $(0.05) per share.
• Adjusted EBITDA¹ improved to $(1.3) million compared to $(2.6) million. Adjusted EBITDA included approximately $0.4 million in cannabis-related expenses during the fourth quarter of 2021.

Management Commentary

“2021 was a transformative year spearheaded by strategic partnerships and increased sales across all channels,” said Mark Murray, President and CEO of Jones Soda. “We made great progress expanding our base business across multiple channels, while continuing to focus on our unique labels to increase consumer awareness. We exceeded internal expectations and completed the first year of our three-year turnaround plan with 24% year-over-year revenue growth, a gross profit margin improvement of 720 basis points, and heightened national awareness.

“From a marketing standpoint, the revival of our Turkey and Gravy soda after a ten-year hiatus was an enormous success during the fourth quarter garnering $7.5 million in ad value and over 1.3 billion online impressions. We believe these engagement levels are a testament to the power and community of the Jones Soda brand. Jones has always been known for thinking outside of the box, creating engaging labels, and experimenting with flavors. During the quarter we also announced a key retail expansion with Meijer. It had been five years since Jones products had been in Meijer stores and we are proud of our achievement to have Jones Soda reintroduced to the large retailer across 210 stores in six Midwest states.

“Subsequent to the end of the year, we announced multiple partnerships with celebrities and companies, including professional boxer Mike Tyson and Wesana Health to launch a line of Nootropic supplements, UFC Women’s Bantamweight Champion Julianna Peña to raise our brand profile, and The ICEE Company as part of our Special Release Program. Additionally, we are planning to launch our cannabis portfolio by the end of Q1 and expect it will be an immediate hit with consumers as we leverage the strength and community of the Jones Soda brand.

“Looking at where we sit today, 2022 has started off strong. In conjunction with our expected strategic entry into the cannabis sector, we recently listed on the Canadian Securities Exchange as we look to increase the liquidity of our shares and appeal to a broader investor base. We are also making strides expanding distribution within the club channel, foodservice channel, and alternative channels. Operationally, we continue to work with our supply chain partners to navigate the challenging business environment and we’ve been able to increase prices to offset some of the cost impacts. With our solid foundation in place, we believe we are just getting started on our turnaround. In fact, we expect for this momentum of revenue growth to continue into 2022.”

Fourth Quarter 2021 Financial Results

Revenue in the fourth quarter of 2021 increased 18% to $2.9 million compared to $2.5 million in the prior year period. The revenue growth was primarily attributable to the continued sales momentum of Jones’ core bottled soda products.

Gross profit as a percentage of revenue increased 260 basis points to 26.5% for the fourth quarter of 2021 compared to 23.9% in the year-ago period. The improvement in gross profit margin reflects the Company’s continued shift to a more favorable product mix.

Net loss for the fourth quarter of 2021 was $1.3 million, or $(0.02) per share, compared to a net loss of $0.9 million, or $(0.01) per share, in the fourth quarter of 2020. The increase in net loss was primarily attributable to the added operating expenses related to the Company’s expected strategic entry into the cannabis sector, which were approximately $0.4 million in the fourth quarter of 2021.

Adjusted EBITDA¹ in the fourth quarter of 2021 was $(1.2) million compared to $(0.8) million the prior year period.

Full Year 2021 Financial Results

Revenue in 2021 increased 24% to $14.8 million compared to $11.9 million in 2020. The revenue growth was primarily driven by the Company’s continued execution of its turnaround plan and increased sales of its core bottled soda products.

Gross profit as a percentage of sales increased 720 basis points to 29.7% in 2021 compared to 22.5% in 2020. The improvement was driven mostly by the favorable product mix shift and cost optimization efforts throughout the year.

Net loss improved to $1.8 million, or $(0.03) per share, in 2021 compared to a net loss of $3.0 million, or $(0.05) per share, in 2020.

Adjusted EBITDA¹ in 2021 improved to $(1.3) million compared to $(2.6) million in 2020.

At December 31, 2021, cash and cash equivalents totaled $4.7 million compared to $5.9 million at September 30, 2021, and $4.6 million at December 31, 2020. Apart from the $3 million in aggregate principal amount of its currently outstanding convertible debt instruments issued in February 2022, the Company does not have any substantial debt and continues to actively evaluate a new line of credit. Subsequent to year-end, the Company raised $11.0 million in concurrent financials in connection with its acquisition of Pinestar Gold as part of the Company’s planned strategic entry into the cannabis sector.

________________
¹ Adjusted EBITDA is defined as net income (loss) from operations before interest expense, interest income, taxes, depreciation, amortization and stock-based compensation and is a non-GAAP measure (reconciliation provided below).

Conference Call

Jones Soda will hold a conference call today at 4:30 p.m. Eastern time to discuss its results for the fourth quarter and full year ended December 31, 2021.

Date: March 10, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-free dial-in number: 1-888-204-4368
International dial-in number: 1-323-994-2093
Conference ID: 1913157

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 1-949-574-3860.

The conference call will be broadcast live and available for replay here and via the investor relations section of the Company’s website at www.jonessoda.com.

A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through March 17, 2022.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 1913157

Presentation of Non-GAAP Information

This press release contains disclosure of the Company’s Adjusted EBITDA and Adjusted EBITDA for core soda business, which are not United States Generally Accepted Accounting Principle (“GAAP”) financial measures. The difference between Adjusted EBITDA (a non-GAAP measure) and Net Loss (the most comparable GAAP financial measure) is the exclusion of interest expense and income, income tax expense, depreciation and amortization expense and stock-based compensation. We have included a reconciliation of Adjusted EBITDA to Net Loss in our Non-GAAP Reconciliation in this press release. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. These Adjusted EBITDA measures have certain limitations in that they do not take into account the impact of certain expenses to our consolidated statements of operations. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. We believe that these Adjusted EBITDA measures provide useful information to investors about the Company’s results attributable to operations, in particular by eliminating the impact of non-cash charges related to stock-based compensation, amortization and depreciation that is consistent with the manner in which we evaluate the Company’s performance. These adjustments to the Company’s GAAP results are made with the intent of providing a more complete understanding of the Company’s underlying operational results and provide supplemental information regarding our current ability to generate cash flow. These non-GAAP financial measures are not intended to be considered in isolation or as a replacement for, or superior to net loss as an indicator of the Company’s operating performance, or cash flow, as a measure of its liquidity. These Adjusted EBITDA measures should be reviewed in conjunction with Net Loss as calculated in accordance with GAAP.

About Jones Soda Co.
Headquartered in Seattle, Washington, Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) markets and distributes premium beverages under the Jones® Soda and Lemoncocco® brands. A leader in the premium soda category, Jones Soda is made with pure cane sugar and other high-quality ingredients, and is known for packaging that incorporates ever-changing photos sent in from its consumers. Jones’ diverse product line offers something for everyone – pure cane sugar soda, zero-calorie soda and Lemoncocco non-carbonated premium refreshment. Jones is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. For more information, visit www.jonessoda.com or www.myjones.com or www.drinklemoncocco.com.

Forward-Looking Statements Disclosure

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing words such as “will,” “aims,” “anticipates,” “becoming,” “believes,” “continue,” “estimates,” “expects,” “future,” “intends,” “plans,” “predicts,” “projects,” “targets,” or “upcoming.” Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Factors that could affect the Company’s actual results, including its financial condition and results of operations and its ability to continue as a going concern, include, among others: its ability to successfully execute on its growth strategies and operating plans for the future; the Company’s ability to continue to effectively utilize the proceeds from its recent financings, including its recent debenture financings, and from the Company’s recently completed plan of arrangement; the Company’s ability to recognize the anticipated benefits of the transactions contemplated by its plan of arrangement; the Company’s ability to execute its plans to develop and market THC/CBD-infused and/or cannabis-infused beverages and edibles, and comply with the laws and regulations governing cannabis, hemp or related products, and the timing and costs of the development of these new product lines; the Company’s ability to manage operating expenses and generate sufficient cash flow from operations; the Company’s ability to create and maintain brand name recognition and acceptance of its products; the Company’s ability to adapt and execute its marketing strategies, especially in light of the restrictions caused by the COVID-19 pandemic; the Company’s ability to compete successfully against much larger, well-funded, established companies currently operating in the beverage industry generally and in the craft beverage segment specifically; the Company’s ability to respond to changes in the consumer beverage marketplace, including potential reduced consumer demand due to health concerns (including obesity) and legislative initiatives against sweetened beverages (including the imposition of taxes); its ability to develop and launch new products and to maintain brand image and product quality; the Company’s ability to maintain and expand distribution arrangements with distributors, independent accounts, retailers or national retail accounts; its ability to manage inventory levels and maintain relationships with manufacturers of its products; its ability to maintain a consistent and cost-effective supply of raw materials and flavors and manage the impact of the COVID-19 pandemic and other factors on its supply chain; its ability to attract, retain and motivate key personnel; its ability to protect its intellectual property; the impact of future litigation and the Company’s ability to comply with applicable regulations; its ability to maintain an effective information technology infrastructure, fluctuations in freight and fuel costs; the impact of currency rate fluctuations; its ability to access the capital markets for any future equity financing and to manage the impact that the COVID-19 pandemic may have on the Company’s ability to access capital; the Company’s ability to maintain disclosure controls and procedures and internal control over financial reporting; dilutive and other adverse effects from future potential securities issuances; and any actual or perceived limitations by being traded on the OTCQB Marketplace. More information about factors that potentially could affect the Company’s operations or financial results is included in its most recent annual report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission (“SEC”) on March 24, 2021 and in the other reports filed with the SEC since that that date. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise.

Company Contact:

Mark Murray
President and CEO
1-206-624-3357

Investor Relations Contact

Cody Cree
Gateway Group
1-949-574-3860
[email protected]

JONES SODA CO.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)

JONES SODA CO.
CONDENSED CONSOLIDATED BALANCE SHEETS
UNAUDITED

JONES SODA CO.
NON-GAAP RECONCILIATION
(Unaudited, in thousands)

Adjusted EBITDA

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as “expects”, “will”, “anticipates”, and “estimates”; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief “snapshot” of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled “Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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TORONTO and LOS ANGELES, Jan. 18, 2022 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) (“Tinley’s” or the “Company”) is pleased to announce that, for the first time, a batch of product manufactured at Tinley’s Long Beach Facility has successfully completed the State of California’s testing, quarantine and lab sampling processes onsite under the distribution licence (the “Distribution Licence”) granted to Lakewood Libations, Inc. (“Lakewood”). While the Distribution Licence was issued to Lakewood in August 2021, it could not be utilized until Lakewood received its distribution business licence (the “Business Licence”) from the City of Long Beach (“City”), which was issued earlier this month. As previously announced, the Company has entered into a purchase agreement to acquire all of the equity interests in Lakewood, the closing of which is subject to certain standard conditions precedent including applicable regulatory approvals.

Receipt of the Distribution Licence and Business Licence is expected to expedite the testing and delivery of manufactured products, as brands will now be able to benefit from a new onsite ‘first-mile’ distribution option adjacent to Lakewood’s licensed manufacturing space at Tinley’s Long Beach Facility. The Business Licence was issued following months of extensive permitting work and inspections and marked the final step allowing Tinley’s Long Beach Facility to activate the state Distribution Licence. This ‘first-mile’ distribution capability is expected to increase efficiency and speed to market by allowing the transfer of manufactured product from Tinley’s Long Beach Facility’s manufacturing area to the immediately adjacent licensed distribution space operating under the Distribution Licence. The first batch of product transferred, tested and cleared for market under the newly activated Distribution Licence was the Company’s own Tinley’s ’27 Coconut Cask Elixir.

“The activation of the Distribution Licence marks an important step in completing our end-to-end service offering for the growing roster of great brands manufactured at Tinley’s Long Beach Facility,” said Richard Gillis, President and COO, Tinley USA, and member, office of the CEO. “Our team is thrilled that we can finally offer convenient and vehicle-free transfer of finished product from the manufacturing floor ‘through the wall’ to the approximately 5,000 square-foot ‘first mile’ licensed distribution area under the same roof,” he added. “This new transfer option is expected to reduce product handling and eliminate transportation and logistical steps, thereby shaving off days between the completion of the manufacturing of client products and release to market.”

VCC Brands’ New CQ Shots in Indica and CBD-Relief: First Client Batches to Move to Lakewood Distribution
One of Lakewood’s first contract manufacturing clients, Cannabis Quencher (“CQ”) infused beverages, will be the first client brand to pass “through the wall” from Lakewood’s manufacturing licensed area to the adjacent distribution licensed premises for quarantine, lab sampling and state testing. The first batches of freshly re-designed 100 mg THC CQ shots are expected to be produced on the mini bottle line later this month. “The ability to state test ‘in-house’ is a game changer for brands like ours,” said Kenny Morrison, VCC Brands Founder and CEO. “This is a huge draw for Tinley’s Long Beach facility in attracting brands for a full range of co-manufacturing services. The reduced batch handling, shorter timelines, and easier compliance processing means faster movement to our retailers and consumers.” For more information about CQ visit www.VCCBrands.com.

About The Tinley Beverage Company and Beckett’s Tonics

The Tinley Beverage Company Inc. (CSE:TNY; OTC:TNYBF) develops and has licensed the production through its Long Beach, CA state-licensed manufacturing facility terpene and cannabis-infused non-alcoholic Tinley’s ’27 and Tinley’s Classics products which are distributed to licensed dispensaries and home delivery channels in California. Expansion of these products, adapted for manufacturing and sale in Canada, is currently underway. The Beckett’s Classics and Beckett’s ‘27 lines of non-alcoholic, terpene-infused non-cannabis versions of these formulations are available in select mainstream food, beverage, and specialty retailers, as well as online, in the United States as well as in select grocery and specialty stores in Canada. Tinley’s facility in Long Beach California contains some of the state’s most versatile and technologically advanced cannabis-licensed beverage manufacturing equipment and provides manufacturing services for third-party brands in addition to producing Company-owned brands. Please visit www.drinktinley.com, and www.drinkbecketts.com Twitter and Instagram (@drinktinleys and @drinkbecketts) for recipes, product information and home delivery options.

Forward-Looking Statements

This news release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but instead include financial projections and estimates, statements regarding plans, goals, objectives, intentions and statements regarding the Company’s expectations with respect to the future business, operations, the closing of the acquisition of Lakewood, timing of manufacturing capability enhancements and of production runs, anticipated benefits of the Distribution Licence and the Business Licence, revenue growth, management’s expectations regarding growth, phrases containing words such as “ongoing”, “estimates”, “expects”, or the negative thereof or any other variations thereon or comparable terminology referring to future events or results, or that events or conditions “will”, “may”, “could”, or “should” occur or be achieved, or comparable terminology referring to future events or results. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental, or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices and delays in the development of projects. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. Products, formulations, and timelines outlined herein are subject to change at any time.

For further information, please contact:

The Tinley Beverage Company Inc.
Ted Zittell
(310) 507-9146
[email protected]
Twitter: @drinktinleys and @drinkbecketts
Instagram: @drinktinleys and @drinkbecketts
www.drinktinley.com
CSE:TNY; OTC:TNYBF

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.