Jones Soda extends SBBC due diligence to May 31, shareholders approve 8x share increase for merger

JONES SODA CO.

Due diligence period extended to May 31, 2022 under binding offer with Simply Better Brands Corp.
Shareholders approved increase in authorized common shares from 100M to 800M, enabling merger consideration.
2022 Omnibus Equity Incentive Plan approved; advisory vote on exec compensation passed with annual frequency.
All six director nominees elected; Armanino LLP ratified as auditor for FY2022.

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