Textmunication Holdings, Inc. Acquires Resonate Blends and Enters the Cannabis Market
Business WireOctober 25, 2019, 3:04 PM GMT+2
PLEASANT HILL, Calif.--(BUSINESS WIRE)--
Textmunication Holdings, Inc. (TXHD) (“the Company”), a cannabis holding company, announced its entry into the cannabis sector by acquiring Resonate Blends LLC (“Resonate”), a California-based cannabis wellness lifestyle product company built on a proprietary system of experiential targets. Resonate is building a brand-focused, seed-to-sale, vertically integrated cannabis organization offering trusted brands of consistent quality. The Company also acquired Entourage Labs LLC (“Entourage Labs”) from Resonate. Entourage Labs is the Intellectual Property (IP) subsidiary of Resonate.
Resonate and Entourage will be wholly owned subsidiaries of Textmunication Holdings, Inc. The Company will immediately file for a company name and ticker symbol change to reflect the holding company’s new focus. The Resonate leadership team will be announced in the coming days.
The Company believes the greatest long-term value creation in the Cannabis industry will be in the establishment of high quality, consistent consumer brands. As cultivation, supplies and services become quickly commoditized, value added brands represent the best opportunity for Textmunication and its shareholders to support and benefit from the massive growth expected in the Cannabis industry. In support of this philosophy, Resonate represents the best-in-class vision on how to create a family of brands designed specifically to support the industry as it continues to evolve from an underground business to a national consumer facing products business.
