Resonate Blends Closes $500,000 Bridge Funding Round
Resonate Blends Closes $500,000 Bridge Funding Round
Cannabis-focused wellness company Resonate Blends, Inc. (OTCQB:KOAN) has closed on a $500,000 bridge funding round with two accredited investors who have funded multiple rounds with the company and another $250,000 committed, on the same terms.
The new funding is expected to allow Resonate to continue to innovate on its Cordial line by delivering two new formulations to the market, "Love", expected to be launched on Valentine's Day, and its "Sleep" product slated for the March timeframe.
In addition, the proceeds will help launch all eight blends in a new Cordial single-package in response to dispensary requests to be able to offer Koan Cordials as a register impulse product. The singles will also meet customer requests for variety packs and a less expensive point of entry as well as helping to support more cost-effective product sampling.
Resonate is also finalizing production of a 100ml multi-serving bottle which reduces the cost per serving by 60% from the current three-pack configuration. Finally, the company plans to explore expanding into other legal states with the Cordials and will also pursue strategic M&A roll-ups into the holding company.
"We are very proud of the company we have built over the past eighteen months," CEO Geoffrey Selzer stated. "We remained true to two of our core values that value-added brands are the future of cannabis and that innovation in this market is about refining the qualitative aspects of the experience. Our team has built a growing library of product development IP, won several awards including 'Best New Brand of 2021' from the Luxury Meets Cannabis Conference, developed a robust and innovative roadmap and we are supported by a family of dedicated investors. We are acutely focused on rapid revenue development that includes new products, new product formats, robust distribution agreements and a potential acquisition strategy all designed to push innovation and growth. While we have a lot of work ahead of us, we remain excited and inspired by what we see for 2022."
Resonate will also use these proceeds to continue investing in its own internal sales team.
Photo: Courtesy of Jeff W on Unsplash
Cannabis-focused wellness company Resonate Blends, Inc. (OTCQB:KOAN) has closed on a $500,000 bridge funding round with two accredited investors who have funded multiple rounds with the company and another $250,000 committed, on the same terms.
專注於大麻的健康公司Resonate Blends，Inc.(OTCQB：Koan)已與兩家經認可的投資者完成了一輪50萬美元的過橋融資他們已經為該公司提供了多輪資金，並以相同的條款承諾了另外25萬美元。
The new funding is expected to allow Resonate to continue to innovate on its Cordial line by delivering two new formulations to the market, "Love", expected to be launched on Valentine's Day, and its "Sleep" product slated for the March timeframe.
新的資金預計將引起共鳴繼續在其親切的路線上創新通過交付推向市場的兩種新配方--“愛”，預計將在情人節推出，其“睡眠”產品預定在3月份的時間範圍內推出。
In addition, the proceeds will help launch all eight blends in a new Cordial single-package in response to dispensary requests to be able to offer Koan Cordials as a register impulse product. The singles will also meet customer requests for variety packs and a less expensive point of entry as well as helping to support more cost-effective product sampling.
此外，測試他的收益將幫助推出新的親切單一套餐中的所有八種混合動力車。響應藥房的請求，能夠提供Koan Cordials作為註冊沖劑產品。這些單身人士還將滿足客户對各種包裝和更便宜的入口點的要求，並幫助支持更具成本效益的產品抽樣。
Resonate is also finalizing production of a 100ml multi-serving bottle which reduces the cost per serving by 60% from the current three-pack configuration. Finally, the company plans to explore expanding into other legal states with the Cordials and will also pursue strategic M&A roll-ups into the holding company.
共鳴也是100ml多用瓶的最終生產 這使得每份服務的成本降低了60%從目前的三件套配置中脱穎而出。最後，該公司計劃探索通過Corcorals向其他合法州擴張，並將尋求對控股公司進行戰略性併購。
"We are very proud of the company we have built over the past eighteen months," CEO Geoffrey Selzer stated. "We remained true to two of our core values that value-added brands are the future of cannabis and that innovation in this market is about refining the qualitative aspects of the experience. Our team has built a growing library of product development IP, won several awards including 'Best New Brand of 2021' from the Luxury Meets Cannabis Conference, developed a robust and innovative roadmap and we are supported by a family of dedicated investors. We are acutely focused on rapid revenue development that includes new products, new product formats, robust distribution agreements and a potential acquisition strategy all designed to push innovation and growth. While we have a lot of work ahead of us, we remain excited and inspired by what we see for 2022."
“我們為過去18個月建立的公司感到非常自豪。”首席執行官傑弗裏·塞爾澤述明.我們忠於我們的兩個核心價值觀，即增值品牌是大麻的未來，這個市場的創新是對體驗的質量方面的提煉。我們的團隊已經建立了一個不斷增長的產品開發IP庫，贏得了多個獎項，包括奢侈品聚會大麻大會(Luxury Meets Cannabis Conference)頒發的“2021年最佳新品牌”(Best New Brand of 2021年)，制定了穩健和創新的路線圖，我們得到了一系列專注的投資者的支持。我們專注於快速的收入增長，包括新產品、新產品格式、穩健的分銷協議和潛在的收購戰略，所有這些都旨在推動創新和增長。雖然我們還有很多工作要做，但我們仍然對2022年的前景感到興奮和鼓舞。“
Resonate will also use these proceeds to continue investing in its own internal sales team.
共振W我還將用這些收益繼續投資於自己的內部銷售團隊.
Photo: Courtesy of Jeff W on Unsplash
圖片來源：在Unspash上由Jeff W提供
譯文內容由第三人軟體翻譯。
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