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Needs to cross and hold above 50 day moving avg 28 cents
Shorts got squeezed
Short position increased from 8/31 to 9/15 over 500k shares
As of September 15th, there was short interest totalling 880,200 shares, a growth of 129.1% from the August 31st total of 384,200 shares. Based on an average daily trading volume, of 693,100 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are short sold.
RSI breaking out from oversold territory
$koan - Resonate Blends In Agreement to Acquire California-based Kaneh Co.
Kaneh Co. is an Edible Brand and Co-Manufacturer of Gourmet Baked Cannabis Goods and Other Edibles
September 20, 2022 06:32 ET
| Source: Resonate Blends
CALABASAS, Calif., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Resonate Blends, Inc. (OTCQB:KOAN), a Wellness Lifestyle cannabis holding company (“Resonate” or “the Company”), is pleased to announce that its board of directors has approved a plan to move forward on the acquisition of Iron Summit Distribution, Inc., a California corporation (“ISD” or “Iron Summit”) pending the execution of definitive agreements, obtaining the required corporate approvals and other matters.
The Company expects to finalize the transaction in the coming days, subject to the conditions expressed above. While the board has approved the transaction, there can be no guarantee of completion. Upon execution, the Company will file the definitive agreements on Form 8-K with the SEC to include the terms and conditions and other matters required by law.
Iron Summit is the creator of the Kaneh Co. brand, a gourmet line of cannabis-infused chocolates, brownies, cookies, truffles, solventless gummies and a variety of other high-end edibles. The San Diego-based firm also creates and manufactures products for some of the most recognizable brands in the baked cannabis and edible industry in California.
Resonate expects the closing to occur in the first week of October – and once completed, will combine the award-winning Koan Cordials along with the wholesome high-end products under the Kaneh Co. brand. The acquisition also provides Resonate a state-of-the-art kitchen in Southern California to further innovate the Kaneh Co. family of products, enhance Koan product development, increase third-party manufacturing capabilities and promote the buildout of its planned ‘Innovation Center’ alongside industry leaders in the California cannabis market.
Kaneh Co. is dedicated to bringing consistency, effectiveness and quality to all of their products – with a corporate mission to bring the “pure experience” to cannabis edibles. In 2021, ISD achieved revenues of more than $3 million dollars between their own brand and white label manufacturing, and it has plans to scale its operations with an aggressive revenue roadmap presented through 2023.
Resonate will provide a detailed announcement of the terms and conditions of the acquisition, which will outline the combined synergies, core capabilities, nationwide expansion strategies and overall plan to increase revenues through 2023.
KOAN news Resonate Blends In Agreement to Acquire California-based Kaneh Co.
Kaneh Co. is an Edible Brand and Co-Manufacturer of Gourmet Baked Cannabis Goods and Other Edibles
September 20, 2022 06:32 ET
| Source: Resonate Blends
CALABASAS, Calif., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Resonate Blends, Inc. (OTCQB:KOAN), a Wellness Lifestyle cannabis holding company (“Resonate” or “the Company”), is pleased to announce that its board of directors has approved a plan to move forward on the acquisition of Iron Summit Distribution, Inc., a California corporation (“ISD” or “Iron Summit”) pending the execution of definitive agreements, obtaining the required corporate approvals and other matters.
The Company expects to finalize the transaction in the coming days, subject to the conditions expressed above. While the board has approved the transaction, there can be no guarantee of completion. Upon execution, the Company will file the definitive agreements on Form 8-K with the SEC to include the terms and conditions and other matters required by law.
Iron Summit is the creator of the Kaneh Co. brand, a gourmet line of cannabis-infused chocolates, brownies, cookies, truffles, solventless gummies and a variety of other high-end edibles. The San Diego-based firm also creates and manufactures products for some of the most recognizable brands in the baked cannabis and edible industry in California.
Resonate expects the closing to occur in the first week of October – and once completed, will combine the award-winning Koan Cordials along with the wholesome high-end products under the Kaneh Co. brand. The acquisition also provides Resonate a state-of-the-art kitchen in Southern California to further innovate the Kaneh Co. family of products, enhance Koan product development, increase third-party manufacturing capabilities and promote the buildout of its planned ‘Innovation Center’ alongside industry leaders in the California cannabis market.
Kaneh Co. is dedicated to bringing consistency, effectiveness and quality to all of their products – with a corporate mission to bring the “pure experience” to cannabis edibles. In 2021, ISD achieved revenues of more than $3 million dollars between their own brand and white label manufacturing, and it has plans to scale its operations with an aggressive revenue roadmap presented through 2023.
Resonate will provide a detailed announcement of the terms and conditions of the acquisition, which will outline the combined synergies, core capabilities, nationwide expansion strategies and overall plan to increase revenues through 2023.
News out!
AEI SHORT SALE RESTRICTED 9/19
Capitulation- look at the volume $$
Big blocks sucked up! Like a coordinated move down
For what? Why are you being so dramatic??
Walking it down on 100 share offers
Spoofing the offer to get filled on the bid
Criminals
Short position decreased by 600k
8k out
Impact bio dividend should be coming soon
A short position of 1-2 million shares should not dictate the market cap of the company. This is nothing but low volume manipulation.
27 to 39 and short position decreased by 700k shares from 1.6 million to 900k
All driven by covering
When NYSE is on the bid this runs follow the patterns
Every bid is getting jumped. Over 1 million short in AEI
Bid above shorts trying to cover
NSDQ multiple 10k bids
EDGX = short watch level 2
Shorts failed attempt to take to 25s now chasing the bids over 1 million shares needs to covered
Over 1 million shares short
Nice spread shorts having to chase the bid higher after that manipulation to pull the bids to 25s
Over 900k short as of 8/15 if not more
Look at the low volume manipulation so they can cover lower
Download
Date Open High Low Close* Adj Close** Volume
Aug 29, 2022 0.2791 0.2930 0.2712 0.2767 0.2767 422,698
Aug 26, 2022 0.3000 0.3090 0.2800 0.2840 0.2840 565,300
Aug 25, 2022 0.2900 0.3120 0.2900 0.3080 0.3080 687,400
Aug 24, 2022 0.2960 0.3000 0.2950 0.2950 0.2950 140,500
Aug 23, 2022 0.2900 0.3010 0.2850 0.2890 0.2890 378,100
Aug 22, 2022 0.3020 0.3030 0.2810 0.2850 0.2850 593,100
Aug 19, 2022 0.3200 0.3200 0.2960 0.3000 0.3000 516,300
Aug 18, 2022 0.3330 0.3330 0.2960 0.3100 0.3100 950,900
Aug 17, 2022 0.3490 0.3500 0.3300 0.3370 0.3370 515,100
Aug 16, 2022 0.3600 0.3800 0.3400 0.3580 0.3580 455,200
Aug 15, 2022 0.3550 0.3600 0.3400 0.3510 0.3510 513,500
Aug 12, 2022 0.3690 0.3740 0.3500 0.3600 0.3600 429,800
Aug 11, 2022 0.3700 0.3770 0.3500 0.3550 0.3550 621,200
Aug 10, 2022 0.3490 0.3650 0.3380 0.3440 0.3440 414,800
Aug 09, 2022 0.3650 0.3660 0.3300 0.3430 0.3430 646,500
Aug 08, 2022 0.3100 0.3880 0.3100 0.3750 0.3750 2,488,400
As of August 15th, there was short interest totalling 911,300 shares, a drop of 44.4% from the July 31st total of 1,640,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 868,800 shares, the short-interest ratio is presently 1.0 days.
The impact bio dividend that will be issued to AEI from owing 36% of DSS is how Chan is playing this. He will get over 50% of the dividend after owing 50% + of AEI
Dow was down over 1000 points AEI held up nicely
Don’t worry be happy $$$$
Impact bio dividend coming soon $$$
Laughing @ what why are shorts covering considering they doom and gloom sentiment
Wait for the dividend $$$
Let’s see what happened when impact bio dividend is announced $$$$
80k bid
EDGX spoofing @ 295
Just outbid them. Long and strong
Sure it is. Like their spoofing the offer to cover the bid