secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2021-09-13T23:59:59+00:00
Accession:  0001493152-21-022548
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315221022548/0001493152-21-022548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315221022548/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-022548

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer