M&A
confidence high
sentiment positive
materiality 0.80
Resonate Blends signs binding LOI to acquire Lemon & Grass assets for $1.075M in stock and cash
Resonate Blends, Inc.
- Purchase price: 1,650,000 shares of common stock plus $250,000 cash, with potential 6M contingent shares based on milestones (18 months).
- Acquisition expected to close Q4 2021; subject to $2.5M financing condition, due diligence, and definitive agreement.
- Lemon & Grass has distribution in 40+ Florida dispensaries, California re-launch, and Canadian expansion plans.
- Seller gets advisory board seats; true-up shares if down round within one year.