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Resonate Blends, Inc. (Symbol: KOAN) is a cannabis holding company based in Calabasas, California. The company is dedicated to providing a wide range of cannabis-based products. Resonate Blends also operates an innovative online mobile marketing platform, which offers various deals, discounts, and event schedules such as happy hours and trivia nights through SMS messaging. This platform caters to businesses like gyms, bars, boutiques, dentists, salons, restaurants, investor relations firms, real estate agents, and digital marketing agencies. Originally known as Textmunication Holdings, Inc., the company rebranded to Resonate Blends, Inc. in December 2019.
In recent developments, Resonate Blends has entered into significant partnerships and ventures. The company signed a binding agreement with Pegasus Specialty Vehicles, LLC, an Ohio-based leader in low-emission and zero-emission electric vehicles (EV) and hydrogen fuel cell technology for school buses and specialty vehicles. This strategic alliance aims to transform the school bus market by shifting from traditional diesel to more sustainable EV and hydrogen technologies. With a substantial production backlog and a network of dedicated distributors, Pegasus is poised for significant growth, supported by Resonate's $435,000 investment.
Further expanding its portfolio, Resonate Blends has also completed a Share Exchange Agreement with Emergent Health Corp., leading to the rebranding of the parent company to Apollo Biowellness, Inc. Apollo Biowellness focuses on regenerative medicine and caters to the global health and wellness market, which is projected to reach $5.6 trillion. The company's subsidiaries—Evolutionary Biologics, Integrative Practice Solutions LLC, and Juventix Regenerative Medical LLC—offer a diverse range of products in personal care, beauty, anti-aging, and more.
With a strong focus on innovation and strategic partnerships, Resonate Blends continues to carve out a significant presence in both the cannabis and regenerative medicine markets, driving sustainable revenues and growth while reducing market risks.
Resonate Blends, Inc. (OTCQB:KOAN) shares insights from CEO Geoff Selzer in a recent interview with The Nabis Marketplace. The company specializes in wellness-focused cannabis products, aiming to demystify cannabis usage and provide intentional experiences. With a focus on precision-calibrated cannabis, KOAN’s Cordials offer a unique user experience, blending functionality with meticulous formulation. The brand's commitment to wellness and sustainability, along with award-winning packaging, distinguishes it in the California cannabis market. Future product expansions are in the works, signaling growth potential for KOAN.
Resonate Blends announces that Koan Cordials will be featured in Nabis Marketplace's new initiative for Dry January. Nabis is California's leading licensed cannabis wholesaler, spotlighting boutique brands to enhance retail experiences. Koan Cordials, infused with cannabis and designed as a non-alcoholic option, will serve as the 'Boutique Brand Spotlight.' The initiative aims to boost consumer awareness and provide retailers with valuable insights into Koan's offerings. This collaboration could positively impact Koan’s brand visibility and sales within the growing cannabis beverage market.
Resonate Blends, Inc. (OTCQB:KOAN) has launched its Koan Sleep Cordial in California, now available in multi-serve bottles. This innovative product blends Linalool, Myrcene, THC, CBD, and CBN, designed to promote better sleep cycles. Testing showed that over 90% of participants found the product effective for enhancing sleep quality. The formulation includes 5mg of Delta-9 THC, 15mg of CBD, and 10mg of CBN, aiming to minimize morning grogginess. Koan Sleep is part of a broader line of experience-targeted cannabis cordials, contributing to the growing wellness cannabis market.
Resonate Blends (OTCQB:KOAN) announces the debut of its Koan Cordials at the Rose Mary Jane Cannabis Lounge in Oakland, California. The grand opening celebration is set for September 24, 2022, featuring music, food, and specially crafted cocktails. This marks a significant step in promoting intentional cannabis consumption. Koan Cordials, known for their targeted effects, allow users to choose their desired experience. Resonate aims to enhance social equity by supporting local initiatives and providing unique consumer experiences.
Resonate Blends, Inc. (OTCQB:KOAN) has announced its plan to acquire Iron Summit Distribution, Inc. (Kaneh Co.), specializing in gourmet cannabis edibles. The transaction is expected to close in early October 2022, pending definitive agreements and corporate approvals. Iron Summit generated over $3 million in revenue in 2021 and offers a state-of-the-art kitchen to enhance product innovation. The acquisition aims to expand Resonate's product line and manufacturing capabilities, contributing to its growth strategy and revenue increase through 2023.
Resonate Blends, Inc. (OTCQB:KOAN) announced a corporate update regarding its Q2 2022 financial report and operational advancements. The cannabis market, particularly in California, has faced challenges, but Resonate is focused on increasing revenues through product innovation and strategic acquisitions. The company is set to launch lower-cost multi-serve packages and the Sleep Cordial. Additionally, a new partnership with Nabis, California's largest distributor, aims to enhance sales. Resonate plans to leverage a robust infrastructure for growth in the cannabis wellness sector.
Resonate Blends, Inc. (OTCQB:KOAN) has announced new packaging configurations for its award-winning Koan Cordials aimed at increasing consumer demand. The updated offerings include 10-serving bottles and 4-packs that lower the cost per serving and provide customizable options for users. CEO Geoff Selzer stated that these initiatives reflect the company's commitment to innovation in the cannabis wellness sector. Additionally, an 8-K filing revealed a debt reduction of nearly $2 million due to the conversion of 8% convertible notes, enhancing financial clarity for future expansion.
Resonate Blends, Inc. (OTCQB:KOAN) announces that its product, Koan Cordials, will be featured at West Hollywood's The Artist Tree Studio Cannabis Lounge, the only licensed cannabis consumption lounge in Los Angeles. This partnership offers a unique interactive experience with music performances and curated cannabis experiences. Guests can enjoy various Koan Cordials that enhance their mood along with food options. Resonate's CEO, Geoff Selzer, emphasizes the innovative nature of this partnership and anticipates significant engagement in the entertainment space.
Resonate Blends, Inc. (OTCQB:KOAN) has partnered with Nabis for statewide distribution of its Koan Cordials across California. Nabis supports over 1,300 licensed dispensaries and boasts a 97% on-time delivery rating. The Koan Cordials now feature seven unique blends, catering to different desired effects, and are available in discreet single-serving mini bottles. CEO Geoff Selzer emphasized that this partnership enhances their retail strategy by providing rapid delivery and better brand visibility in the extensive Nabis network.
Resonate Blends, Inc. (OTCQB:KOAN) recently released its Annual 2021 10-K report, highlighting both challenges and achievements in the cannabis sector. Despite facing pandemic-related hurdles and disappointing sales performance, Resonate is optimistic about future growth opportunities. The Koan brand received accolades and product development is underway, including a lower-priced Cordials version. Non-cash expenses related to prior funding affected their financials significantly. The company aims to enhance sales via direct-to-consumer strategies and is considering acquisitions to boost its portfolio.
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