Resonate Blends Inc (KOAN)

[TraderGreen]

Spoke to David Thielen for roughly 30 minutes earlier today...great call!

Fins will be out Monday (personally not expecting much on these fins for Rev's due to how the company gets paid for product sales)

Lots of M&A candidates they've been talking to. Based on how much interest there was here I won't be surprised if there is some news on this 1st Quarter.

Lemon & Grass deal fell apart, because L&G had misrepresented where a large part of their revenues came from (primarily vape in their Florida market and company doesn't want to be a part of the vape market).

Still working the L&G deal and "IF" they come to terms a new deal should close quick as the DD will have already been done.

Stressed how strong the investors behind the company (i.e. former COO of Janis fund owns 12% of company and others he couldn't name, but said they'd be recognizable names)

Love and Sleep cordials coming end of year/January. Expects Sleep to be their biggest seller.

Reusable 10 dose bottle coming 1st quarter, cuts cost by 60%. Also, a single dose bottle sold on its own to give first time buyers a cheaper way to try.

Said he was expecting to put out 2022 revenue projections next week and it would show just for CA market (in talks to bring product to another "large" state), but even just CA he made it see like this would be a fairly significant number.

Company is now in Revenue Growth stage.

Great call and he sounded pretty pumped about the future.

TG