Resonate Blends, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The information set forth below relates to our issuances of securities without registration under the Securities Act of 1933. During the six month ended June 30, 2020, the company issued a total of 3,996,907 shares of common stock to vendors for compensation and services rendered. On June 23, 2020, we issued 900,000 common shares to a noteholder with a leak-out of 120,000 shares per month to retire the remaining $90,000 owed on the note. These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock. Item 3. Defaults upon Senior Securities None Item 4. Mine Safety Disclosures None