---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-022548"
form_type: "8-K"
ticker: "KOAN"
cik: "0000897078"
company_name: "Resonate Blends, Inc."
filed_at: "2021-09-13T23:59:59+00:00"
generated_at: "2026-06-29T04:23:56.670324+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Resonate Blends signs binding LOI to acquire Lemon & Grass assets for $1.075M in stock and cash

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-022548
- form_type: 8-K
- ticker: KOAN
- cik: 0000897078
- company_name: Resonate Blends, Inc.
- filed_at: 2021-09-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897078/000149315221022548/0001493152-21-022548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897078/000149315221022548/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-022548
- JSON: https://secwatch.observer/filing/0001493152-21-022548.json
- Plain text: https://secwatch.observer/filing/0001493152-21-022548.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.