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YerbaƩ Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), a plant-based energy beverage company, has secured a US$1 million loan through an agreement with Maximcash Solutions dated January 29, 2025. The loan terms include:
– 12-month maturity period
– 26 bi-weekly payments
– Average monthly cost of US$103,333
– 43.26% annual interest rate
– Secured against all present and after-acquired property of YerbaĆ© Brands Co.
The loan can be prepaid with a 5% interest discount, requiring 95% of remaining unpaid interest upon full prepayment. Funds will be used for accounts payable and general working capital purposes.
YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), un’azienda di bevande energetiche a base vegetale, ha ottenuto un prestito di 1 milione di dollari USA tramite un accordo con Maximcash Solutions datato 29 gennaio 2025. I termini del prestito includono:
– Periodo di scadenza di 12 mesi
– 26 pagamenti bi-settimanali
– Costo mensile medio di 103.333 dollari USA
– Tasso di interesse annuale del 43,26%
– Garantito contro tutte le proprietĆ presenti e future di YerbaĆ© Brands Co.
Il prestito puĆ² essere rimborsato in anticipo con uno sconto del 5% sugli interessi, richiedendo il pagamento del 95% degli interessi rimanenti non pagati al momento del rimborso totale. I fondi saranno utilizzati per crediti verso fornitori e per esigenze di capitale circolante generale.
YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), una empresa de bebidas energĆ©ticas a base de plantas, ha conseguido un prĆ©stamo de 1 millĆ³n de dĆ³lares estadounidenses a travĆ©s de un acuerdo con Maximcash Solutions fechado el 29 de enero de 2025. Los tĆ©rminos del prĆ©stamo incluyen:
– PerĆodo de vencimiento de 12 meses
– 26 pagos quincenales
– Costo mensual promedio de 103.333 dĆ³lares estadounidenses
– Tasa de interĆ©s anual del 43,26%
– Asegurado contra todos los bienes presentes y futuros de YerbaĆ© Brands Co.
El prƩstamo puede ser pagado anticipadamente con un descuento del 5% en los intereses, requiriendo el pago del 95% de los intereses no pagados restantes al momento del prepago total. Los fondos se utilizarƔn para cuentas por pagar y para fines generales de capital de trabajo.
YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), ģė¬¼ źø°ė° ģėģ§ ģė£ ķģ¬ė 2025ė 1ģ 29ģ¼ Maximcash Solutionsģģ ź³ģ½ģ ķµķ“ 100ė§ ė¬ė¬ ėģ¶ģ ķė³“ķģµėė¤. ėģ¶ ģ”°ź±“ģ ė¤ģź³¼ ź°ģµėė¤:
– 12ź°ģ ė§źø°
– 26ķ ź²©ģ£¼ ź²°ģ
– ķź· ģ ė¹ģ© 103,333 ė¬ė¬
– ģ° ģ“ģģØ 43.26%
– YerbaĆ© Brands Co.ģ ķģ¬ ė° ėÆøėģ ėŖØė ģģ°ģ ėķ“ ė“ė³“ź° ģ¤ģ ėØ
ėģ¶ģ 5%ģ ģ“ģ ķ ģøģ¼ė” ģ ģ§źøķ ģ ģģ¼ė©°, ģ ģ” ģ ģ§źø ģ ėØģ ģ“ģģ 95%ė„¼ ģ§ė¶ķ“ģ¼ ķ©ėė¤. ģźøģ ģøģ ė§¤ģ¶źø ė° ģ¼ė° ģ“ģ ģė³ø ģ©ėė” ģ¬ģ©ė©ėė¤.
YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), une entreprise de boissons Ć©nergĆ©tiques Ć base de plantes, a obtenu un prĆŖt de 1 million de dollars US par le biais d’un accord avec Maximcash Solutions datĆ© du 29 janvier 2025. Les conditions du prĆŖt incluent :
– PĆ©riode d’Ć©chĆ©ance de 12 mois
– 26 paiements bimensuels
– CoĆ»t mensuel moyen de 103 333 dollars US
– Taux d’intĆ©rĆŖt annuel de 43,26%
– Garanties sur tous les biens prĆ©sents et futurs de YerbaĆ© Brands Co.
Le prĆŖt peut ĆŖtre remboursĆ© par anticipation avec une remise de 5% sur les intĆ©rĆŖts, nĆ©cessitant le paiement de 95% des intĆ©rĆŖts non payĆ©s restants lors du remboursement total. Les fonds seront utilisĆ©s pour les comptes Ć payer et pour des besoins gĆ©nĆ©raux en fonds de roulement.
YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), ein Unternehmen fĆ¼r pflanzenbasierte EnergiegetrƤnke, hat einen 1 Million USD Kredit durch eine Vereinbarung mit Maximcash Solutions vom 29. Januar 2025 gesichert. Die Kreditbedingungen beinhalten:
– 12-monatige Laufzeit
– 26 zweiwƶchentliche Zahlungen
– Durchschnittliche monatliche Kosten von 103.333 USD
– JƤhrlicher Zinssatz von 43,26%
– Gesichert durch alle gegenwƤrtigen und zukĆ¼nftig erworbenen Vermƶgenswerte von YerbaĆ© Brands Co.
Der Kredit kann mit einem Zinsrabatt von 5% vorzeitig zurĆ¼ckgezahlt werden, wobei 95% der ausstehenden Zinsen bei vollstƤndiger Vorabzhlung zu zahlen sind. Die Mittel werden fĆ¼r Verbindlichkeiten und allgemeine Betriebskapitalzwecke verwendet.
Positive
- Secured immediate working capital of US$1 million
- Option for early repayment with 5% interest discount
Negative
- High interest rate of 43.26% annually
- Significant monthly payment burden of US$103,333
- All company assets used as collateral
VANCOUVER, B.C., Jan. 31, 2025 (GLOBE NEWSWIRE) — YerbaĆ© Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF)Ā (āYerbaĆ©ā or the āCompanyā), 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 āLoan Agreementā) dated January 29, 2025 with Maximcash Solutions LLC (āMaximcashā).
Pursuant to the terms of the Loan Agreement, Maximcash agreed to loan US$1,000,000 (the āLoanā) to the Company for a period of twelve (12) months (the āMaturityā), 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 YerbaĆ© 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 YerbaƩ
YerbaƩ Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF) makes great-tasting energy beverages with yerba made and other premium, plant-based ingredients. All YerbaƩ 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, YerbaƩ seeks to disrupt the energy beverage marketplace by offering a no-compromise energy solution, with input and support from its recently-announced YerbaƩ 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
āTodd Gibsonā
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.
ForwardāLooking Statements:
This news release includes certain āforward-looking statementsā 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 Companyās 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.
FAQ
What are the terms of YerbaĆ©’s (YERBF) January 2025 loan agreement with Maximcash?
The loan agreement includes US$1 million principal, 43.26% annual interest rate, 12-month maturity, and 26 bi-weekly payments averaging US$103,333 monthly.
What is the interest rate on YERBF’s January 2025 Maximcash loan?
The loan carries a 43.26% annual interest rate.
How can YerbaƩ (YERBF) prepay the January 2025 Maximcash loan?
The loan can be prepaid with a 5% interest discount, requiring payment of 95% of the remaining unpaid interest.
What will YerbaƩ (YERBF) use the January 2025 Maximcash loan proceeds for?
The loan proceeds will be used for accounts payable and general working capital purposes.
