CALABASAS, Calif.--(BUSINESS WIRE)--Textmunication Holdings, Inc.(OTCQB:TXHD), a cannabis/hemp based holding company (“the Company”), submitted the required information to effect a new corporate name and stock symbol change to Financial Industry Regulatory Authority (FINRA), and was provided an effective market date as of today - December 16, 2019. The new corporate name is Resonate Blends, Inc. (“Resonate”) and its common stock will now trade under the symbol “KOAN”, a symbol named after the Company’s upcoming product brand.
Resonate’s growth strategy is to create an ecosystem of companies, investments and research that all support the Resonate System. In addition to being product brand focused, the Company will incubate and integrate synergistic companies and partners. Using the Resonate System as its lens, Resonate finds entrepreneurial companies that support its ethos. By vertically integrating these companies, Resonate is able to provide consistent product quality that yields expected results and to manage margins and profitability at scale.
It is the company’s goal to establish a highly respected brand and to expand the reach of that brand nationally through licensing and joint ventures. Resonate recently made an investment into Joiant (formerly Prism Farms), the top selling CBD:THC pre-roll brand in California (according to BDS Analytics) with the option to fully acquire the company by March 26, 2020. Joiant is led by former Co-Founder of Pandora Media, Jon Kraft and Joiant Founder Lindsey Kirk, a former KIVA Confections ambassador.
About Resonate Blends, Inc. (OTCQB:KOAN)
Based in Calabasas, California, Resonate Blends, Inc. is a cannabis/hemp based 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, 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.