Business
Resonate Blends Raises Fundraising Goal of its Private Placement Memorandum to $3 Million
Resonate Blends Raises Fundraising Goal of its Private Placement Memorandum to $3 Million.
About this update from Resonate Blends Inc.
[{"type":"text","content":"\nResonate Blends, Inc. (OTCQB:KOAN), a cannabis-based holding company (“Resonate” or “the Company”), announced today that based on an anticipated over-subscription to its Private Placement Memorandum (“PPM”), it has raised the maximum fundraising goal from $1.5M to $3M. The company has already secured in excess of $1.15 million through a combination of PPM subscribers and Promissory Notes and continues to raise capital at an encouraging pace.\n\n\nSince management has taken operational control following the merger with Textmunication, Resonate’s new capital funding is intended to support operations and to restructure and retire previous Textmunication debt. Resonate announced its PPM through a Regulation D 506(b) offering. Recent PPM investors include senior executives from multi-billion asset management companies.\n\n\n“We believe that Resonate’s experienced leadership team and innovative proprietary branded product development strategy is the driving force behind this interest.” said Geoffrey Selzer, Resonate’s CEO. “Our dedicated focus on delivering targeted cannabis plant based products for the Wellness market, Cannabis being categorized as “essential” in many states, increasing sales of cannabis during lock-down - as well as our ongoing commitment to help our military Veterans suffering from PTSD, are additional reasons for the increased interest in our PPM.”\n\n\nAbout Resonate Blends, Inc. (OTCQB:KOAN)\n\n\nBased in Calabasas, California, Resonate Blends, Inc. is a cannabis holding company centered on valued-added holistic Wellness and Lifestyle brands. The company strategy is to ignite future growth by building a purpose-driven portfolio of research organizations, innovative technologies and emerging brands. The holding company’s focus is finding mutual value between product and consumer by optimizing quality, supply chain resources and financial performance. The Company will soon offer a family of premium cannabis-based products of consistent quality based on its proprietary formations calibrated to Resonate Blends effects system, the industry gold standard in user experience.\n\n\nFor more information: www.resonateblends.com\n\n\nSafe Harbor Provision:\nExcept for the statements of historical fact contained herein, the info...