Mr. Larry Weintraub reports

BECKETT'S SECURES US$500,000 IN CONVERTIBLE DEBENTURE FINANCING AND FILES 2025 FISCAL YEAR-END RESULTS

Beckett's Inc. intends to complete a secured debt financing raising gross proceeds of $500,000 (U.S.) by way of issuance of five-year 8 per cent secured convertible debentures.

The principal amount of the debentures will bear interest at a rate of 8 per cent per annum and will have a term of five years. Subject to regulatory approval, interest on the principal amount outstanding shall be paid annually in common shares of the company at a deemed issue price equal to the lowest price permissible by the rules and policies of the Canadian Securities Exchange. At the option of the holder, the principal amount of the debentures may be converted into common shares at a conversion price of 2.5 cents per common share, subject to customary adjustments. Notwithstanding the foregoing, the holders of debentures are prohibited from converting until the company has completed a share consolidation such that the post-consolidation conversion price is five cents or higher. The company intends to ask shareholders to approve a share consolidation at the next annual meeting of shareholders.

The principal amount of the debentures shall convert automatically into common shares at the conversion price if the 20-day volume-weighted average trading price of the common shares is five cents or higher (subject to adjustment upon completion of a share consolidation).

The company intends to use the net proceeds from the financing for general working capital purposes, including inventory production and marketing initiatives to support its sales and distribution activities. "This raise enables us to exceed current direct-to-consumer and retailer demand as we work to expand our distribution footprint," said Beckett's chief executive officer, Larry Weintraub. "We look forward to achieving growth in the quarters ahead," he added.

The financing is being conducted on a non-brokered basis and may be completed in one or more tranches. The company reserves the right to issue additional debentures of up to $1-million (U.S.) in principal. It is expected that $30,000 (U.S.) of debentures will be purchased by insiders.

The participation by insiders in the financing constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the insider participation does not exceed 25 per cent of the company's market capitalization.

All securities issued in connection with this offering, including the common shares issuable upon conversion of the debentures, will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

The company intends to close the financing on or about May 7, 2026. Completion of the financing remains subject to the approval of the Canadian Securities Exchange.

The company has also filed its audited annual financial statements for the year ended Dec. 31, 2025, and annual MD&A (management's discussion and analysis). The financial statements and MD&A can be found on the company's profile.

About Beckett's Inc.

Beckett's is an award-winning non-alcoholic beverage brand offering premium cocktails and spirits crafted with natural flavours. Shaped by the vision of industry veterans behind brands like Cutwater, Golden Road and Elysian Brewing, Beckett's delivers bold, cocktail-inspired taste without the alcohol.

The portfolio includes Beckett's Tonics, sparkling ready-to-drink takes on cocktail classics such as the Moscow Mule, Paloma, Margarita, and Gin & Tonic, as well as Beckett's '27 non-alcoholic spirits: Coconut Rum, Cinnamon Whiskey, Amaretto and Coffee Liqueur. Beckett's products are vegan, gluten-free, and low in sugar and calories.

Beckett's products are available at BevMo!, Total Wine & More, Walmart.com, Amazon.com, DrinkBecketts.com, and select independent retailers, bars, restaurants, resorts and nightclubs nationwide.

Beckett's believes in celebrating life on your terms, because just like its drinks, you're Too Good To Be Wasted.

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