Resonate Blends Provides an Update on its Acquisition Partner Pegasus Specialty Vehicles

CALABASAS, Calif., July 18, 2023 (GLOBE NEWSWIRE) — Resonate Blends, Inc. (OTCQB:KOAN(“Resonate”) is pleased to report an update on its acquisition partner Pegasus Specialty Vehicles, LLC (“Pegasus” or the “Company”). On June 23, 2023, Resonate announced the signing of an Agreement and Plan of Merger (the “Merger Agreement”) with Pegasus and made a $435,000 investment into the Ohio-based company. This investment, prior to the expected closing of this transaction, has provided Pegasus with fresh capital to move forward on its ambitious revenue roadmap.

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