CALABASAS, Calif., Aug. 25, 2020 (GLOBE NEWSWIRE) — Resonate Blends, Inc. (OTCQB:KOAN), a cannabis-based holding company (“Resonate” or “the Company”), today provides an update to shareholders on several topics relating to the advancement of the overall operations of Resonate, including the spin-out of Textmunication, settlement of notes and fundraising. A Letter to Shareholders from Resonate’s Chairman and CEO Geoff Selzer follows:

Dear Shareholders,

We are pleased to announce that we have completed the spin-out of our subsidiary Textmunication Inc. as an independently operating entity. This achieves our goal to turn Resonate Blends into a pure-play, publicly traded cannabis company. In conjunction with the spin-off, we reduced the Outstanding Share count of the company’s common stock by approximately 20%, supporting our intent to manage the capital structure of the company in support of current investors as well as provide the foundation to raise the most cost-effective capital for our operations. To

Read More