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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) has partnered with Captor Retail Group to distribute its innovative Koan Cordials across One Plant California's retail network. The partnership will offer six unique blends, including Balance and Calm, showcased in nine dispensaries, enhancing market reach in California. CEO Geoff Selzer highlighted the positive market reception and alignment with CRG's focus on premium brands. The Cordials combine THC and CBD, aiming to provide a consistent, plant-derived experience. This collaboration signals a strategic move to tap into California's growing cannabis market.
Resonate Blends, Inc. (OTCQB:KOAN) has signed a Letter of Intent to acquire the assets of Florida-based lemon and grass™, enhancing its market presence. The acquisition targets multi-state distribution, complementing Resonate's cannabis wellness product line. lemon and grass™ has a strong foothold in Florida and California, with plans for wider U.S. and Canadian distribution. The deal is anticipated to close in Q4 2021, with incentives for collaboration to boost both brands across various markets.
Resonate Blends, Inc. (OTCQB:KOAN) announces a partnership for statewide home delivery in California, enhancing its cannabis eCommerce capabilities. The Company introduces its patented Cannabis Cordials, combining THC and CBD, designed for a unique consumer experience. The demand for home delivery has surged, with 90.1% of surveyed consumers preferring this method during the pandemic. The direct-to-consumer model is expected to optimize customer engagement and support future national expansion.
Resonate Blends, Inc. (OTCQB:KOAN) provided a corporate update highlighting progress in its strategic objectives for 2021. The company reported an operating loss primarily due to non-cash management fees and increased liabilities linked to a convertible note. Despite this, Resonate continues to build its flagship Koan Cordials and expects significant revenue growth in the latter half of the year. Key developments include partnerships with sales and logistics firms, expansion of distribution, and the filing of a provisional patent for cannabis nano-emulsions aimed at enhancing user experience.
Resonate Blends, Inc. (OTCQB:KOAN) announced that their Koan Cordials will be included in Nugg Club's September subscription box, reaching approximately 5,000 consumers in California. This collaboration reflects strong initial demand for Koan's patented Cannabis Cordials, which combine THC, CBD, and terpenes for a unique, single-dosed experience. Nugg Club, a subscription service that has delivered nearly 75,000 boxes since 2020, offers curated cannabis products, enhancing brand visibility for Resonate. CEO Geoff Selzer expressed optimism about consumer reception of their innovative product.
Resonate Blends, Inc. (OTCQB:KOAN) has launched Koan Cordials, the first cannabis-infused cordial now available in California. These non-alcoholic, water-soluble liquids utilize advanced emulsion technology to deliver a consistent and rapid-onset experience, combining THC and CBD with botanical extracts. The product offers unique blends such as Balance, Calm, and Create, enabling metered dosing. Resonate's collaboration with Vertosa reflects their commitment to innovation and quality, aiming to set a new industry standard for infused products.
Resonate Blends (OTCQB:KOAN) has partnered with MARS Distribution for logistics and statewide distribution of its Koan Cordials in California. MARS, a leading cannabis beverage distributor, offers rapid delivery and aims to enhance the efficiency of the cannabis market. The agreement enables Resonate to leverage MARS's infrastructure to meet strong demand for its patent-pending Cordials, which combine THC and CBD to deliver unique experiences. The collaboration emphasizes Resonate's commitment to scaling its business and producing innovative cannabis products.
Resonate Blends, Inc. (OTCQB:KOAN) will host a virtual roadshow on July 15, 2021, at 2:30 p.m. Eastern Time. Key executives, including CEO Geoff Selzer, will present Resonate's innovative product line and growth strategies. The event includes a presentation followed by a Q&A session, accessible via a provided webcast link or dial-in numbers. A replay will be available shortly after the call. Resonate Blends focuses on Cannabis Wellness and Lifestyle brands, aiming to personalize consumer experiences through its unique Resonate System.
Argus Research has initiated equity report coverage on Resonate Blends, Inc. (OTCQB: KOAN), a cannabis holding company based in Calabasas, California. The company has launched a range of wellness products, leveraging advanced science in cannabis. Resonate aims to provide consistent and beneficial experiences to cannabis users. With a competitive edge through innovative product development and established multi-channel distribution, it is poised for success in California's booming adult-use cannabis market. As of March 2021, Resonate reported $1.7 million in cash, fully funding initial production and marketing expenses.
Resonate Blends, Inc. (OTCQB:KOAN) has partnered with MZ Group to enhance its investor relations and financial communications strategy. MZ Group will develop a capital markets strategy to boost visibility and promote Resonate's wellness-focused cannabis products. The company recently launched six products and raised $3.0 million in a private placement to support growth. CEO Geoff Selzer emphasizes the brand's aim to create value-added cannabis products and optimize revenue generation for long-term shareholder value.
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