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Waiting on the merger & Nasdaq uplift with my hoard of shares I agree with TraderGreen, natural progression to the Nasdaq will push us past a dollar and beyond especially after the new company begins to fulfill on those bus contracts out of Texas.
KOAN’s Merger News &why its a Hot Pick
Big week ahead in our pursuit of acquiring Pegasus. $KOAN #ev #hydrogen #buses #NASDAQ #NYSE #acquisition #merger #OTCQB pic.twitter.com/DXwHCvYHpY
— Resonate Blends (@Resonate_KOAN) June 20, 2023
$KOAN Patent Pending Cannabis Cordials are a Brand New Product Category in the Cannabis Industry. KOAN has a Outstanding Share Count of only 45 Million Shares & a Ultra Low Float of 11.4 Million Shares WITH NO TOXIC DEBT!
$KOAN - our binding LOI to acquire lemon & grass is incentive-based w/ shares earned for opening new states, Canadian provinces & new dispensaries for both Koan & L&G brands. Great for revenue growth & company valuation.
On September 9, 2021, Resonate Blends, Inc. (the "Company”) entered into binding letter of intent (the "Agreement”) with L & G USA Inc., a Delaware corporation and L & G Canada Inc., an Ontario corporation (together "Seller”), and the stockholders of Seller (the "Stockholders”), pursuant to which the Company will acquire substantially all of the assets fromSeller associated with the Lemon & Grass business and the Koan business (the "Acquisition”).
The Seller’s products, focused on the functional side of Cannabis wellness, complement the Company’s existing product line focused on targeted, precisely-calibrated experiences. Lemon & Grass currently sells in Florida, is ramping up for its re-launch in California and has aggressive licensing plans for multiple states in the U.S. and provinces in Canada.
Pursuant to the Agreement, and subject to appropriate due diligence and the execution and closing of a definitive agreement, the purchase price (the "Purchase Price”) for the Acquisition will be $1,075,000, to be paid in the following manner: 1,650,000 shares of the Company’s common stock (the "Stock Portion”) plus two hundred and fifty thousand US Dollars in cash ($250,000) (the "Cash Portion”), on a cash-free, debt-free basis. At Closing, the Purchase Price will be reduced to satisfy any debts and liabilities/liens, and the Purchase Price will be increased to account for any cash and cash equivalents. The Company will not assume any debts in the Acquisition.
Within three business days following the execution of the Agreement, the Company is required to deliver seventy-five thousand dollars ($75,000.00) to be held by the Seller or an escrow agent as deposit against the Purchase Price (the "Deposit”). In the event that the Acquisition does not close through no fault of the Seller or the Stockholders, the Deposit shall be retained by the Seller as full consideration for its time and expenses in pursuing the Acquisition (including the event where the Financing Condition (defined below) is not achieved). Forty-five days after signing the Agreement, the Deposit will be non-refundable, except if the Acquisition does not close as a result of the fault or refusal of the Seller or the Stockholders, the Deposit shall be returned to the Company.
In the first eighteen months after the closing, up to 6,000,000 additional shares of common stock will be issued to the Seller and Continuing Employees (the "Contingent Consideration”), based on the business achieving milestones that will be outlined in a Consulting Agreement addressing the integration of the Lemon & Grass business into the Company’s holding company and also growing both the Lemon & Grass and Koan brands post-close.
91302 (Zip Code)
For twenty-four months after the closing, Seller will be entitled to designate up to two individuals to serve on the Resonate Advisory Board (the "Advisors”). If Resonate experiences a multi-quarter downturn in its results, the Board of Directors will nominate a member of the Seller-group to join the Board of Directors. If the Company sells new equity to investors in a bona fide financing before the first anniversary of the Closing, at a price per share below the price per share at which the Stock Portion is issued (a "Down Round”), the Company will issue additional shares to the Sellers on the date of the closing of the Down Round ("True Up Shares”).
The deal is expected to close in the fourth quarter of this year. The closing is subject to certain conditions, including, among others, (a) the negotiation and execution of the definitive agreement and related documents, which shall include non-competition agreements, by Alon Amouyal for the production and sale of cannabis topicals, relief capsules and tinctures for a period of one year after the closing; (b) the receipt of any necessary consents, assignments or approvals from third parties and governmental agencies, and the making of any necessary government filings; (c) the receipt by the Company and the Seller prior to the execution of the definitive agreement of the approval of a legally binding majority of the Stockholders; (d) the successful negotiation and closing of $2,500,000 in financing for the Company, on terms acceptable to Company’s Board of Directors (the "Financing Condition”); and (e) satisfactory completion of customary due diligence investigations concerning the Seller, and the assets proposed to be purchased, the results of which are acceptable to the Board of Directors of the Company
https://api.mziq.com/mzfilemanager/v2/d/f73fd101-dbae-4c2a-94f9-acb01fa47c4d/54b87715-78fa-6350-22cf-c0f674317a5f?origin=1
$KOAN Cannabis Cordials is a brand new product category, industry disrupting, patent pending, single serve cannabis shot that can be consumed discretely from the bottle or added to your favorite beverage like tea, coffee, juice, or alcoholic drink. Currently available at Californian dispensaries and soon to be available online for home delivery and through monthly subscription service.
Koan is currently developing a Love & Sleep product along with vape, gummy, and other consumables.
Why is KOAN a good long term investment:
Besides it’s patent pending cannabis cordials KOAN only has 44.2 Million Outstanding Shares & a super low tightly held float of 11.1 Million Shares, of which 57.7% are held by two investors, one of which is Richard Hoge, Chief Financial Officer at Janis Index Group with two decades of financial services executive experience. Mr. Hoge invested 500K+ in KOAN, a Wellness Lifestyle Cannabis Company, because he saw it’s true potential. Furthermore KOAN’s goal is to uplist from OTCQB to the NASDAQ and become a nationally distributed cannabis company. With all the chess moves being made in the cannabis industry KOAN makes an attractive acquisition target!
Richard Hoge, Chief Financial Officer at Janis Index Group owns 5.2 million shares of KOAN and I own 1.203 million shares or 57.7% of the 11,101,889 float! And I am confident when I say that Mr. Hoge with his two decades of financial services executive experience saw an opportunity in KOAN, a wellness lifestyle cannabis company that rarely comes along and most likely as myself will be tightly holding every KOAN share til well into multiple dollars and beyond. KOAN MAKES AN ATTRACTIVE ACQUISITION TARGET with its low 44.2 million outstanding shares and industry disrupting patent pending cannabis cordials & rollout of future cannabis products later this year & next. KOAN’s long term goal of up listing to the NASDAQ and becoming a nationally distributed cannabis company just adds fuel to the fire that it is a fantastic long term investment.
Listen @TimeStamp 29:30 about PRIVATE PLACEMENT INVESTORS..... “ONE OF THE BIGGEST GLOBAL INVESTMENT BANKS IN THE WORLD CAME TO US & SAID, YOU KNOW WE WERE LOOKING INTO THE CANNABIS SECTOR 18 MONTHS AGO BECAUSE WE KNOW FEDERAL LAW IS PROBABLY GOING TO CHANGE & VALUE ADDED CANNABIS BRANDS ARE THE PLAY BUT WE JUST COULDN’T FIND THAT COMPANY TIL WE FOUND YOU/KOAN!”
Other highlights: KOAN is Looking at a possible M&A rollups to become a multi state operator ??
Over 60 dispensaries have already requested samples & some have started putting in orders and KOAN’s cannabis cordials are on sale in some dispensaries now.
Multiple future new cannabis products coming, Vapes, Teas, Gummy like Products and sights on the beverage market!
Already in talks on how to move to another tier 1 exchange with the ultimate goal of being on the NASDAQ once cannabis is legalized
I’m not one to jump to conclusions but KOAN is definitely going to BLOW RIGHT THROUGH ITS 100 MILLION MARKET CAP GOAL .... ??
So many positives toA cannabis cordial vs vape! Great post Moose412 ??, I completely agree with you. In my humble opinion Koan’s patent pending cannabis cordials are going to be a industry disruptor. Just like how cannabis has pulled sales away from alcohol I PREDICT KOAN’s CORDIALS WILL PULL SALES AWAY FROM VAPES & ALCOHOL AND POSSIBLY ENERGY DRINKS LIKE RED BULL & 5 HOUR ENERGY. Ease of use, simplicity to buy & consume discretely, less negative social pressure as opposed to vaping, non of the unwanted side affects of alcohol like hangovers & empty calories, ability to either consume as is or mix in your favorite healthy tea, juice, coffee, mixed drink, with reliable and predictable results all wrapped in a tiny easily transportable package. Koan’s cordials are going to be a win win for the company and investors!
KOAN CORDIALS 3 PACK $34.00 @ SERRA https://dutchie.com/stores/serra-la/products/all?search=Koan
$KOAN & MZ Group live investor presentation next Thursday to discuss new statewide distribution developments & overall company progress. More details coming soon! #CannabisCommunity #CannabisInvestment #CannabisNews #CannabisStocks
MZ Group & $KOAN setting up a live investor presentation for next Thursday to discuss new statewide distribution developments & overall company progress. More details coming soon! #CannabisCommunity #CannabisInvestment #CannabisNews #CannabisStocks pic.twitter.com/6WbgxxCd0c
— Resonate Blends (@Resonate_KOAN) July 8, 2021
KOAN Is SHORT SQUEEZE PRIMED @ 55% AVERAGE FOR THE MONTH OF JUNE! SPREAD THE WORD.... LETS F????K SHORTY LOL. https://otcshortreport.com/company/KOAN
TWO OF US OWN 14.48% of KOAN’s 44,200,000 OUTSTANDING SHARES. And though I cannot speak for Mr. Hoge, I can speculate he knows a great investment when he sees it! Why else would a man of his investment knowledge and decades of experience invest at least a half million dollars of his own money?
Richard Hoge
Exchange Traded Products Leader with Board Experience.
Interested Trustee
Janus Detroit Street Trust and Clayton Street Trust
Jan 2020 - Jan 2021. 1 year 1 month
Member of the Board of Trustees of the Detroit Street and Clayton Street Trusts which issued ETFs and unlisted funds respectively.
COO-Exchange Traded Products
Janus Henderson U.S.
Dec 2014 - Jan 2021. 6 years 2 months
Integrated the VelocityShares Exchange Traded Products business post acquisition by Janus Henderson. Grew the business focusing on market opportunities and synergies that leveraged the Janus Henderson brand.
VelocityShares Graphic
Chairman, Co Founder and CFO
VelocityShares
Apr 2009 - Nov 2014. 5 years 8 months
CFO and CCO March 2009 to Nov 2014
Chairman April 2011 to Nov 2014,
Responsible for all legal, financial, regulatory, compliance and ancillary administrative functions from organization and initial VC funding through successful liquidity sale to Janus Capital, including organizing a FINRA and SEC registered broker dealer, NFA registered CPO, and launching ETNs and ETFs. Grew the organization from inception through fundraising to profitability and successful liquidity event.
Managing Director - Structured Finance
Dresdner Kleinwort and Natixis
Apr 2004 - Feb 2009. 4 years 11 months
Head of Structured Capital Products at Natixis, and Head of US Product Development for the Structured Finance Group at Dresdner Bank
Cause we both see in the future KOAN’s stock price being multiple dollars and a possible merger or acquisition target! For the record I will not be selling any KOAN shares in 2021. I will be holding through multiple earnings reports as the profits roll in from cannabis sales and KOAN’s stock price takes off. I’m also holding long because the current political atmosphere that favors the legalization of cannabis will be a huge catalyst. Between the patent for the nano emulsions of cannabinoids and terpenes in their cannabis cordials and the future role out of other cannabis products along with home delivery..... and with the Federal cannabis deregulation and it’s removal from schedule one drug by the DEA, opening up new possibilities all over the United States for KOAN, I’m not going anywhere anytime soon
I spoke with KOAN about beyond just entering the High Times Cannabis Cup Competition but also possibly exhibiting/advertising? They said , “We expect to work with High Times in a couple of areas.” For Me Personally I take that as doing future media pieces with High Times to get market exposure for the rollout of their patent pending cannabis cordials in California marijuana dispensaries and in the near future home delivery! KOAN is also about to do a multi pronged campaign through digital advertising, Influencers, and sponsorships to further their Brand as a Wellness Lifestyle Cannabis Company In California. Collaborating with High Times, One of the worlds biggest and most trusted marijuana media entities, just makes great business sense . It’s going to be an exciting Summer for KOAN investors ??
Took me over 1 1/2 years to accumulate, starting with a large block In the .09s during the reverse split. Patience and the endless negative posts from the Bears allowed me to purchase most of my shares in the .07 - .12 range. I still expect there will be more opportunities to acquire KOAN shares at discount to today’s prices as some traders get impatient or news is misinterpreted but by end of year or sooner we will rocket past $1.00 and never look back. Especially when they show consecutive earnings reports showing massive profit! 2022 is going to be epic
Got my 1.2 Million of the float locked up over $10 so they can’t be loaned out! I can hold indefinitely
It ain't me.... My 1.2 million shares are locked up above $5.00 and I have all the time in the world to wait
Your welcome. Weekend is here, time to pour myself an adult beverage, everyone have a good weekend.
Public Float 11,807,091 4-21-2021 https://sec.report/otc/financial-report/279407
Branding is our expertise. We are finalizing some exciting announcements pertaining to our $KOAN branding efforts to the masses. Until then - #Happy420
Branding is our expertise. We are finalizing some exciting announcements pertaining to our $KOAN branding efforts to the masses. Until then - #Happy420 ‼️ $KOAN #Cannabis #CannabisCommunity #CannabisBrands pic.twitter.com/VqdwD6jIPP
— Resonate Blends (@Resonate_KOAN) April 20, 2021
The 500k bid happened around 1 pm and about an hour later it was adjusted down to 100k and then stayed that way til end of day. Also later saw that 50k bid at .45ish, maybe it was the same person.
There was a 500k order @.3067 or $153,350! Someone is looking to take a healthy position ahead of the big cordial rollout
ResonateBlends has more going on behind the scenes than we are led to believe. I think 2021 is going to end on a great note!
SPACs help push funding for marijuana M&As to highest quarterly level since 2019 #Investment #PPM #Cannabis #M&A $KOAN https://t.co/2xSDrJEgm0
— Resonate Blends (@Resonate_KOAN) April 9, 2021
I BET KOAN’s CORDIALS GO LIVE ON 4-20 OR AT WILLIE NELSON’s VIRTUAL CANNABIS CONVENTION EVENT! FYI That they are coincidently a sponsor of
$KOAN Files for 10K extension. How long does it take to put together an earnings report when you have no revenue? I’m guessing Koan wants to delay it as long as possible so it doesn’t further crater the stock price. Imagine all the investors that were buying shares in the .70s .80s and .90s two weeks ago. If Koan delays rollout of its cordials or news of a bad earnings report comes out I can easily see a 50% haircut in current stock prices! I’m not saying Koan isn’t a good long term investment, may have to wait til 2022, but the next few weeks will be very volatile, it’s a roll of the dice as to what direction the stock price goes ??????? Come on Management put OUR MONEY where your mouth is.
KOAN GOES LIVE WITH CORDIALS, APRIL FOOLS LOL. Look I get it as someone who has started two businesses myself, delays happen, But let everyone know what’s going on! Maybe Resonate Blends is having some issues with California regulators, The Bureau of Cannabis Control, or California Department of Public Health, or is getting bogged down with the required track-and-trace steps and uploading their inventory data so state regulators can keep tabs on the cannabis supply chain via Florida-based Metrc’s software. All understandable delays to the rollout of their cordials. But when there is zero communication from the company as to why a hard deadline wasn’t met it MAKES INVESTORS NERVOUS.
Hey TraderGreen was that you with that 300k bid trying to catch up Hate to break it to you but over half the volume yesterday was me, I picked up another 100k for a new account I opened just to pay for my new First Edition Bronco I’m taking delivery of later this Summer.
So here is the response from David Thielen:
Hi Big Kahuna,
Geoff Selzer was on the Big Biz Show recently: https://podcasts.apple.com/gb/podcast/big-biz-radio-show/id973124809
Our 10-K filing is due 3/31/21 and has been sent to our auditor for final approval.
A recent PR outlined our successful private placement raise of $3.3M and the payoff of all convertible debt: https://www.businesswire.com/news/home/20210318005293/en/Resonate-Blends-Inc.-Closes-Private-Placement
We are now in a much stronger position to launch our Koan Cordial product line and execute on our business initiatives. Taking care of potentially damaging convertible debt was very important to us - and we have brought on new strategic investors who believe in our plan.
We will be updating our IR page (www.resonateblends.com) in the coming days with new due diligence tools and a nice new look. Stay tuned....
We expect a busy Spring ahead. Thanks for being a valued shareholder of KOAN.
--
David Thielen
Chief Investment Officer
phone: (571) 888 0009
email: david@resonateblends.com
www.resonateblends.com
If anybody can find Resonate Blends March 3rd podcast please report on it. I’m kind of busy tonight, I don’t have time to go through a half dozen 40 minute podcast. I listened to the first one and it was about a different company. Also his response on the 10K filing being due at the end of the month and waiting audit approval is basically lawyer speak saying we’re going to be late lol. To be completely honest I think the company has a lot going on behind the scenes hence the reason why things are so vague with only a week to go in the month before supposedly going live. Not like this is a big company with dozens of employees. I’m sure everybody is getting burned out trying to make it to the March 31st finish line, Or there has been unforeseen setbacks and they’re trying to put off the bad news as long as possible, I don’t know.
I emailed David Thielen, waiting on a response.
KOAN’s Big Biz Show is 3 weeks late! That is a legitimate concern especially since Resonate Blends promoted it twice on their Twitter page! What happened to Resonate Blends being all excited to share with its shareholders the news of the cordials rollout? How do you scrub the interview just weeks before the company is supposed to finally have a product for sale? I get it MadeinDet, you want Koans stock price to go up so you can take profits and go buy a new Ford Bronco when they go on sale in June, I know I do But seriously we are literally 7 days and counting til supposed rollout and all we’re getting are bread crumbs on Twitter. Let’s all have a real discussion here about why the Big Biz show never aired, when will the company post an earnings report, and how many more shares are they going to add to the total share count? 38 million plus now! MadeInDet you seem to be the biggest cheerleader here, what’s your opinion on the above subjects?
Will we see a earning report from KOAN before or after they go live with the sale of their cordials? I’m betting after, they will want to postpone any bad news as long as possible so as not to crater the stock price.
Well said Daubers. I say with every $100 purchase of KOAN cordials they should give purchasers 10 free shares of the stock lol.
I’ve been keeping it real since 2017. All I’m doing is sharing a little humor while pointing out that KOAN is showing up on various radars.
$KOAN TO ANNOUNCE NEW JOINT VENTURE WITH $DAL LOL let the silliness begin. Well at least the general investor is hearing of Resonate Blends. https://twitter.com/askwarrenbuffet/status/1371208176293535744?s=21
KOAN was added to Stocktwits over the weekend. 31 followers so far lol. I’m sure once word of mouth gets out that number will quickly grow.
Happy Aloha Friday everyone How many longs in here are going to have an adult beverage tonight to celebrate what will be a fantastic year for KOAN...... cheers!
Stock price will be 5-7 dollhairs
Go to Investorshub TOOLS / DATA TOOLS / TRADES and take a look at the trades from #101 - #126, and tell me what do you see?