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CALABASAS, Calif.–(Enterprise WIRE)–
Textmunication Holdings, Inc. (OTCQB: TXHD), a cannabis/hemp primarily based holding enterprise (“the Company”), announced nowadays it has produced an investment in Joiant (formerly recognized as Prism Blends), California’s quantity a single CBD pre-roll brand. On November 26, 2019, the parties signed a Memorandum of Understanding (MOU), a Protected agreement (Very simple Agreement for Future Equity) and the Business produced an initial down payment as the 1st step toward supplying the Business the rights to obtain 100% of Joiant inside 120 days.
The Business is creating a premium cannabis/hemp primarily based holding enterprise by acquiring and incubating revolutionary providers focused on one of a kind solutions, technologies and solutions in the Wellness Life-style sector. The Business acquired Resonate Blends in late October to create a foundation for building trusted brands of constant top quality constructed on a proprietary technique of experiential targets.
Information firm BDS Analytics named Joiant/Prism the quantity a single CBD pre-roll brand in California for 2018. Joiant has been supplying a complete spectrum of revolutionary CBD:THC blended solutions to California sufferers and shoppers due to the fact 2016. The California-primarily based enterprise was founded by former Kiva Confections brand ambassador Lindsey Kirk.
Ms. Kirk has compiled a robust management group which involves Jon Kraft as CEO. Mr. Kraft previously served as Co-founder and CEO of Pandora Media, the biggest on the web radio item in the planet with more than 150 million registered customers in the U.S.
The Business feels the distribution and provide chain infrastructure currently established by Joiant will help in the upcoming launch of Resonate Blend’s solutions in Q1-2020. The Business targeted Joiant as an best acquisition companion mainly because Joiant’s brand philosophy is complementary with Resonate’s and their higher top quality, effects-focused item line aligns nicely with the Resonate Method. The Joiant acquisition strengthens and builds Resonate Blends by extending each the item lines and provide chains.
The Business has also filed an Issuer Business-Associated Notification Type with the Monetary Sector Regulatory Authority, Inc. (FINRA) to impact a name alter and a corresponding ticker symbol alter to greater reflect the concentrate of the holding enterprise.
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Joiant specializes in the production of revolutionary cannabis/hemp solutions. The enterprise is passionate about these plants. Their capacity to heal, inspire and connect is the driving force behind Joiant’s CBD and THC pre-roll blends. From non-psychoactive, restorative blends to these with inventive, stimulating effects, Joiant’s solutions are crafted to boost every single spectrum of life.
Joiant only selects and makes use of organically grown, entire plant, lab-certified cannabis.. The one of a kind blends deliver a subtle, relaxing knowledge for shoppers who care about their wellness and wellness, and appreciate the handy, speedy-acting relief of inhaled cannabis. Check out at: www.joiant.com
About Textmunication Holdings, Inc.
Primarily based in Silicon Valley, Textmunication Holdings Inc. is now a cannabis/hemp primarily based holding enterprise centered on a vertically integrated and valued-added Wellness and Life-style brand. The holding company’s development technique, supported by its new management group, is building and acquiring the highest top quality solutions, cultivation, technologies, retail and provide chain sources to optimize economic efficiency and assure the highest typical of top quality manage. The Resonate group will quickly announce its luxury cannabis-primarily based Wellness and Life-style family members of solutions that presents constant top quality and one of a kind formulations that assistance the Company’s commitment to clarify the user knowledge.
For far more information and facts: www.resonateblends.com
Protected Harbor Provision:
Except for the statements of historical truth contained herein, the information and facts presented in this news release constitutes “forward-seeking statements” produced pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to spot undue reliance on any forward-seeking statements in this press release as they reflect Textmunication Holdings’ existing expectations with respect to future events and are topic to dangers and uncertainties that may possibly lead to actual final results to differ materially from these contemplated. Possible dangers and uncertainties contain, but are not restricted to, the dangers described in Textmunication Holdings’ filings with the Securities and Exchange Commission. Accordingly, readers ought to not spot undue reliance on forward-seeking statements contained in this news release and any document referred to in this press release.
Chief Investment Officer
Resonate Blends, Inc.
Supply: Textmunication Holdings, Inc.