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KOAN Resonate Blends

On October 25, 2019, Resonate Blends Inc. (Formerly Textmunication Holdings Inc.) announced its entry into the cannabis industry by acquiring Resonate Blends LLC (“Resonate” or the “Company”); a California-based cannabis wellness lifestyle product company built on a proprietary system of experiential targets. Resonate is building a brand-focused vertically integrated cannabis organization offering trusted brands of consistent quality. The Company also acquired Entourage Labs LLC (“Entourage Labs”), a sister company of Resonate. Entourage Labs is the Intellectual Property (IP) subsidiary of Resonate.

Company profile

Ticker
KOAN
Exchange
CEO
Wais Asefi
Employees
Incorporated
Location
Fiscal year end
Former names
Textmunication Holdings, Inc., Textmunications Holdings, Inc., FIRSTWAVE TECHNOLOGIES INC
SEC CIK
IRS number
581588291

KOAN stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

1 Apr 21
13 Apr 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.01K 9.01K 9.01K 9.01K 9.01K 9.01K
Cash burn (monthly) 57.58K 582.58 78.72K 126.59K 179.8K 136.11K
Cash used (since last report) 373.46K 3.78K 510.61K 821.12K 1.17M 882.84K
Cash remaining -364.44K 5.24K -501.6K -812.11K -1.16M -873.83K
Runway (months of cash) -6.3 9.0 -6.4 -6.4 -6.4 -6.4

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 1 EXIT
Opened positions 0 0
Closed positions 1 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 1K EXIT
Total shares 0 5K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Hilton Capital Management 0 -5K EXIT

Financial report summary

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Management Discussion
  • Revenuesfor 2019 and 2018 remains constant primarily due the increase in clients was offset by cancellation few large label customers.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Removed: allocated, application, begin, bill, billed, client, demand, earned, free, instant, minimum, monthly, operate, past, Professional, profit, promised, RCS, recognize, reliant, slight, trial, typically

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