Resonate Blends terminates agreement to acquire Lemon & Grass and Koan businesses

Resonate Blends, Inc.

Terminated binding letter of intent with L & G USA Inc. and L & G Canada Inc. for asset acquisition.
Original agreement signed September 9, 2021; termination effective October 27, 2021.
Discussions continue but any new transaction would have materially different terms.
Acquisition included substantially all assets of Lemon & Grass and Koan businesses.

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