PLEASANT HILL, Calif.--(BUSINESS WIRE)--Textmunication Holdings, Inc. (OTQB: TXHD) (“the Company”), a cannabis-based holding company, today announced the addition of Wendell Minnick to its advisory team as Investment Advisor. Mr. Minnick, Executive Chairman of Align Capital based in Greenwich, Connecticut, has nearly 40 years’ experience raising capital for both private and public companies, including several of his own enterprises where he raised over $500 million in working capital. In addition to leading the Company’s funding efforts, Mr. Minnick introduced Resonate Blends (“Resonate”) to Textmunication in April and was instrumental in the negotiation and closing of this critical acquisition.
The Company announced a Private Placement Memorandum (PPM) in its latest 8-K filing. Mr. Minnick will lead this raise through his network of qualified investors, many of whom are actively involved in the cannabis sector. The funds generated from the PPM will be used for growing Resonate, acquiring additional cannabis companies, providing working capital and eliminating any transitional debt incurred during the Company’s transformation into a pure play cannabis holding company.
“Adding Wendell to our experienced advisory team is critical to our early success,” said David Thielen, Chief Investment Officer of the Company. He has a proven track record of raising capital in emerging sectors like ours. The funding will help launch our upcoming Wellness & Lifestyle products and allow us to explore other synergistic acquisitions that will add value to our Company.”
Mr. Minnick was founder and manager of four (4) companies that were acquired by public companies and Venture Capital firms (VC’s) including MR Resources, Inc. (Damson Energy), MediaMap, Inc. (Warburg Pincus), Accolade, Inc. (Tandy Brands) and Lanxide Corporation (DuPont). Mr. Minnick is also a staunch supporter of research and development of valid cannabis/CBD products to assist veteran and non-veteran trauma patients with PTSD. In addition to his role as Investment Advisor, he will be working with the Resonate team to assist developing a line of cannabis products tailored towards veterans.
About Textmunication Holdings, Inc. (TXHD)
Based in Silicon Valley, Textmunication Holdings Inc. is now a cannabis holding company centered on a vertically integrated and valued-added Wellness and Lifestyle brand. The holding company’s growth strategy, supported by its new management team, is developing and acquiring the highest quality products, cultivation, technology, retail and supply chain resources to optimize financial performance and assure the highest standard of quality control. The Resonate team will soon announce its luxury cannabis-based Wellness and Lifestyle family of products that offers consistent quality and unique formulations that support the Company’s commitment to clarify the user experience.
For more information: www.resonateblends.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings’ current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings’ filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.