$KOAN EXCLUSIVE: Resonate Blends To Acquire Lemon And Grass™ Cannabis Brand, Expanding Both Companies' Footprint In U.S. And Canada
Maureen Meehan, Benzinga Staff Writer
September 13, 2021 11:45 am | 2 min read
Resonate Blends, Inc. (OTCQB:KOAN), a cannabis & hemp-based holding company announced on Monday that it has signed a letter of intent to acquire all assets of the Florida-based lemon and grass™ cannabis wellness brand.
The acquisition will expand Resonate’s market presence and national footprint through multi-state distribution and product-level synergies explained the company’s CEO Geoff Selzer.
“lemon and grass™ reinforces the core notion of Resonate’s vision that value-added brands are the future of Cannabis,” Selzer said. “This acquisition is the first step of our multi-state expansion plans and supports our strategy of growing both organically through internal development and by acquisition.”