Business
Resonate Blends, Inc. Announces Q1 Launch For Its KOAN Cordials Product Line
Resonate Blends, Inc. Announces Q1 Launch For Its KOAN Cordials Product Line.
About this update from Resonate Blends Inc.
[{"type":"text","content":"\nResonate Blends, Inc. (OTCQB:KOAN), a cannabis-based holding company (“Resonate” or “the Company”), today provides an update to shareholders on several topics relating to the launch of its first value-added Cannabis Brand with the industry’s first line of THC-based Koan Cordials.\n\nDear Shareholders,\n\nWe are pleased to announce we have begun the process of executing on the launch of our innovative Koan Cordials (www.koan.life), which will ship in first quarter of next year. KOAN® is the brand name for our first family of cannabis products targeting the Wellness Lifestyle market.\n\nOur tagline is “Mastering the Art of Experience,” which is our goal across our entire line of products starting with our first 6 cannabis experience-based Cordial products. Cordials are uniquely formulated, single serving precisely targeted experiences that are directly ingested or mixed with a drink of your choice for use in social or private settings. We were always looking for a product like this, and we could never find it - so we made it.\n\nEverything from ordering inventory, opening up distribution channels and final preparation for our marketing efforts are now underway. We believe value-added brands focused on experience targets represent the greatest market opportunity in the maturing cannabis market. Our mission is to demystify and normalize cannabis use through innovative products built around the healing powers of plant medicine. Cordials are the first in a family of products designed around our unique Resonate System---the heart of our product development process.\n\nWe are in early discussions to license our products in two other cannabis friendly states, and we hope to have further updates on this new potential revenue stream once we launch our Cordials in California.\n\nThe Company’s 506(c) Offering\n\nThe early success of our 506(c) offering has provided sufficient capital for our launch. We will continue to raise capital through our placement agent and plan to use additional offering proceeds to improve our balance sheet and provide growth capital.\n\nHighlights Since our Last Update:\n\n\nThe Company has signed and announced definitive agreements with various partners to execute on our overall business strategy. Our partner Vertosa is expected to develop our unique formulati...