Resonate Blends Inc. (OTCMKTS:KOAN) Expands Retail Network: Stock In a Range

Resonate Blends Inc. (OTCMKTS: KOAN) is moving in a range after announcing an expansion of the retail network to include Cornerstone Wellness, Canni Delivery, and Atrium in California.

Market Stats

On Thursday, KOAN stock went up 0.08% to $0.1266 with 1.5K shares, compared to its average volume of 12.7K shares. The stock moved within a range of $0.1266 – 0.1266 after opening trading at $0.1266.

Resonate Blends Expands Koan Cordial Retail Strategy and Footprint in California

The company is strategically targeting top retail locations serving international, wellness-focused consumers. These new Cordial retail locations are popular, reputable, and witness high traffic in Los Angeles and demonstrate the company’s Koan product strategy.

Cornerstone Wellness has been operational since 2007 as an evidence-based medical dispensary in California and acts as a haven for marijuana users’ empowerment. The outlet offers comprehensive, personalized counseling and secure access to crafted cannabis.

 On the other hand, Atrium serves the Woodland Hills, Tarzana, Calabasas, Canoga Park, Hidden Hills, Malibu, and Thousand Oaks communities with the finest cannabis products. Canni Delivery is an eCommerce cannabis store, and it is the first non-physical dispensary partner to Resonate. The online store offers high-quality products with curation, transparency, and education. So in the coming weeks, investors should watch KOAN.

Key Quote

“Bringing in these three sales partners is an indication that we are gaining traction with our refocused sales and product strategy,” said Geoff Selzer Resonate’s CEO.

Traders Corner

KOAN stock is trading below the 20-Day and 50-Day Moving averages of $0.13 and $0.15 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.33.