Resonate Blends Inc (OTCMKTS:KOAN) Stock Trends Lower: Will It Rebound?
Resonate Blends Inc (OTCMKTS:KOAN) stock continued to trade lower on Wednesday and extending its weekly fall to 10%. Will the stock rebound?
Market Action
In Wednesday’s trading session, KOAN stock closed lower by 5.41% to $0.35. More than 65k shares have exchanged hands, above its average volume of 30k shares. The stock opened at $0.3680 and moved in a range of $0.3500 – 0.3994.
Resonate Blends Partners with Captor Retail Group to Expand Product Availability Across Major Dispensary Network
Here are the highlights:
Resonate Blends, Inc. (OTCQB:KOAN), a Wellness Lifestyle cannabis holding company (“Resonate” or “the Company”), has partnered with Captor Retail Group (“CRG”) to make its Koan Cordials available across CRG’s operating dispensaries, including the One Plant California (“One Plant”) and CHAI Cannabis Co. retail networks. The Company’s six Koan Cordials blends will be featured on menus throughout One Plant’s California locations, offering consumers the world’s first Cannabis Cordial.
The CRG portfolio consists of nine locations, including the CHAI Cannabis Co. dispensaries in Santa Cruz and Castroville, and the One Plant California-branded dispensaries in Goleta, Salinas, Antioch, Atwater, El Sobrante, Lompoc, and forthcoming location in Palm Springs.
The patent-pending Cordials combine THC (psychoactive), CBD (non-psychoactive) with botanical terpenes to deliver an all-natural, plant-derived, single-dosed experience that can be enjoyed straight out of the bottle or poured into any beverage. Cordials provide the finest qualities of an edible, tincture and a beverage delivering consistent and precise experiences each and every time.
Trader Notes:
KOAN stock is trading below all the key moving averages with 200-day and 50-Day SMA stands at $0.37 and $0.42 respectively. Over the past year, the stock has soared over 184%. Will the stock be able to find the bottom and recover from the oversold zone?
