Jones Soda sells cannabis Mary Jones subsidiaries for $3M; VP Gabe Carimi departs

JONES SODA CO.

Sold all equity of Mary Jones Holdings and Mary Jones Beverage (Canada) to MJ Reg Disruptors for $3M cash & note plus ~$61k inventory.
Buyer issued a $2.51M secured promissory note; payments due by June 2028 with interest at lower of 3% or legal max.
Entered trademark license with MJ Holdings for THC products; annual fees $150K year 1, $225K thereafter.
Gabe Carimi, VP of Operations, left effective June 13; receives 166,666 fully vested options; also signed 2-year advisory agreement for 333,334 options vesting over 2 years.
Two Shores Capital released former guarantors and terminated liens in connection with the sale.

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