YERBAÉ BRANDS CORP. ANNOUNCES LOAN AGREEMENT WITH MAXIMCASH
January 31 2025 - 7:00PM
Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX:
YERBF) (“
Yerbaé” or the
“
Company”), a plant-based energy beverage company,
is pleased to announce that it has secured a US$1,000,000 loan
pursuant to the terms of a loan agreement (the
“
Loan Agreement”) dated January
29, 2025 with Maximcash Solutions LLC
(“
Maximcash”).
Pursuant to the terms of the Loan Agreement,
Maximcash agreed to loan US$1,000,000 (the “Loan”)
to the Company for a period of twelve (12) months (the
“Maturity”), payable in twenty four (26) bi-weekly
payments with an average monthly cost of approximately US$103,333.
The Loan, which was approved by consent resolution of directors of
the Company, is subject to an interest rate of 43.26% calculated
annually and secured against all present and after-acquired
property of its wholly-owned subsidiary Yerbaé Brands Co. The
principal amount of the Loan and any accrued and unpaid interest
may be prepaid prior to Maturity at an approximate 5% interest
discount, with 95% of the remaining unpaid interest due upon
prepayment in whole.
The proceeds of the Loan are to be used for
accounts payable and for general working capital purposes.
About Yerbaé
Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX:
YERBF) makes great-tasting energy beverages with yerba made and
other premium, plant-based ingredients. All Yerbaé energy beverages
are zero calorie, zero sugar, non-GM), vegan, ket-friendly,
paleo-approved, gluten free and diabetic-friendly. Founded in
Scottsdale, AZ in 2017, Yerbaé seeks to disrupt the energy beverage
marketplace by offering a no-compromise energy solution, with input
and support from its recently-announced Yerbaé Advisory Board,
Sports and Entertainment. Find us @DrinkYerbae on Instragram,
Facebook, Twitter/X and TikTok, or online at https://yerbae.com
On Behalf of the Board of
Directors
“Todd Gibson”
Todd Gibson, Chief Executive Officer and
Co-Founder
Contact Information:
For investors, investors@yerbae.com or
480,471.8391
To reach CEO Todd Gibson, todd@yerbae.com or
480.471.8391
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward‐Looking Statements:
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation that are not historical facts. Forward-looking
statements involve risks, uncertainties, and other factors that
could cause actual results, performance, prospects, and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements in
this news release include, but are not limited to, statements with
respect to the expectations of management regarding the use of
proceeds of the Loan. Although the Company believes that and the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. Such forward-looking statements are subject to
risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the
statements including that the proceeds of the Loan may not be used
as stated in this news release, and those additional risks set out
in the Company’s public documents filed on SEDAR+ at
www.sedarplus.ca and with the United States Securities and Exchange
Commission filed on EDGAR at www.sec.gov. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date
of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. Except
where required by law, the Company disclaims any intention or
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
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