Business
Textmunication Announces Investment in California’s Top CBD Pre-Roll Brand
Textmunication Announces Investment in California’s Top CBD Pre-Roll Brand.
About this update from Resonate Blends Inc.
[{"type":"text","content":"\nTextmunication Holdings, Inc. (OTCQB:TXHD), a cannabis/hemp based holding company (“the Company”), announced today it has made an investment in Joiant (formerly known as Prism Blends), California’s number one CBD pre-roll brand. On November 26, 2019, the parties signed a Memorandum of Understanding (MOU), a SAFE agreement (Simple Agreement for Future Equity) and the Company made an initial down payment as the first step toward providing the Company the rights to acquire 100% of Joiant within 120 days.\n\n\nThe Company is building a premium cannabis/hemp based holding company by acquiring and incubating innovative companies focused on unique products, technologies and services in the Wellness Lifestyle sector. The Company acquired Resonate Blends in late October to build a foundation for developing trusted brands of consistent quality built on a proprietary system of experiential targets.\n\n\nData firm BDS Analytics named Joiant/Prism the number one CBD pre-roll brand in California for 2018. Joiant has been providing a full spectrum of innovative CBD:THC blended products to California patients and consumers since 2016. The California-based company was founded by former Kiva Confections brand ambassador Lindsey Kirk.\n\n\nMs. Kirk has compiled a strong management team which includes Jon Kraft as CEO. Mr. Kraft previously served as Co-founder and CEO of Pandora Media, the largest online radio product in the world with over 150 million registered users in the U.S.\n\n\nThe Company feels the distribution and supply chain infrastructure already established by Joiant will assist in the upcoming launch of Resonate Blend’s products in Q1-2020. The Company targeted Joiant as an ideal acquisition partner because Joiant’s brand philosophy is complementary with Resonate’s and their high quality, effects-focused product line aligns nicely with the Resonate System. The Joiant acquisition strengthens and builds Resonate Blends by extending both the product lines and supply chains.\n\n\nThe Company has also filed an Issuer Company-Related Notification Form with the Financial Industry Regulatory Authority, Inc. (FINRA) to effect a name change and a corresponding ticker symbol change to better reflect the focus of the holding company.\n\n\nText TXHD to short code 52236 to sign-up for news alerts and announcem...