Jones Soda Co. (OTCMKTS:JSDA) Files An 8-K Other Events
Item 8.01 Other Events.
Annual Renewalof Loan and Security Agreement
Effective as of December 27, 2018, Jones Soda Co. (the “Company”) renewed its existing revolving secured credit facility (as amended, the “Loan Facility”) with CapitalSource Business Finance Group, a dba of BFI Business Finance (the“Renewal”). The Renewal extends the expiration of the Loan Facility from December 27, 2018 to December 27, 2019. No other modifications were made to the Loan Facility. to the terms of the Loan Facility, a 0.75% annual fee, equivalent to $23,812.50, was charged to the Company on December 27, 2018 in connection with the Renewal.
About Jones Soda Co. (OTCMKTS:JSDA)
Jones Soda Co. develops, produces, markets and distributes beverages. The Company sells and distributes beverages in the United States and Canada through its network of independent distributors and directly to its national and regional retail accounts. The Company also sells products in select international markets. Its products are sold in grocery stores, convenience and gas stores in independent accounts, such as delicatessens and sandwich shops, as well as through its national accounts with retailers. The Company outsources the manufacturing process to third-party contract manufacturers. It also sells a range of products online, including soda with customized labels, wearables, candy and other items. The Company’s beverages are classified in the sparkling beverage category. Its product line-up includes Jones Soda, Jones Zilch and Jones Stripped. The Company also offers Lemoncocco, which is a non-carbonated blended beverage, and 7-Select branded sodas.