Resonate Blends Raises Fundraising Goal of its Private Placement Memorandum to $3 Million
05/07/20, 12:05 PM
Location
calabasasMoney raised
$3 million
Round Type
seed
Resonate Blends, Inc. (OTCQB:KOAN), a cannabis-based holding company (“Resonate” or “the Company”), announced today that based on an anticipated over-subscription to its Private Placement Memorandum (“PPM”), it has raised the maximum fundraising goal from $1.5M to $3M. The company has already secured in excess of $1.15 million through a combination of PPM subscribers and Promissory Notes and continues to raise capital at an encouraging pace.
Company Info
Company
Resonate Blends
Location
calabasas, california, united states
Additional Info
The company is also finalizing production of a 100ml multi-serving bottle which reduces the cost per serving by 60% from the current three-pack configuration. The Company recently hired an experienced and connected dispensary representative for Southern California and is in the process of adding a representative for the Northern California region. The company created the Resonate System—a comprehensive system of interconnected experience targets to personalize consumers’ relationship with Cannabis through its products. Resonate Blends is a Calabasas, CA-based portfolio of Cannabis Wellness and Lifestyle brands.