What changed in this filing

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Item 1. Business

2024-04-16 compared with 2023-04-17 · 57 added, 314 removed, 0 unchanged (100% of the section changed)

October 25, 2019, the Company announced its entry into the cannabis industry by acquiring Resonate Blends LLC (“Resonate Blends”),

a California-based cannabis wellness lifestyle product company built on a proprietary system of experiential targets.

Resonate Blends

is building a value-added, brand-focused cannabis organization offering premium brands of consistent quality.

The Company also acquired

Entourage Labs LLC (“Entourage Labs”), a sister company of Resonate Blends.

Entourage Labs is the Intellectual Property (IP)

subsidiary of Resonate Blends.

in Calabasas, California, the Company is a cannabis holding company centered on value-added holistic Wellness and Lifestyle brands.

Company’s strategy is to ignite future growth by building a purpose-driven portfolio of innovative, trusted national brands, emerging

brands, research organizations, and a variety of retail channels.

The Company’s focus is finding mutual value between product and

consumer by optimizing quality, supply chain resources and financial performance.

The Company offers a family of premium cannabis-based

products of consistent quality based on unique formations calibrated to Resonate Blends effects system in what the Company believes is

the industry gold standard in user experience.

believes the greatest long-term value creation in the cannabis industry will be in the establishment of high quality and consistent consumer

Resonate hopes to become a national leader through its vision in creating a family of brands designed specifically to deliver

reliable, effective and beneficial experiences.

is committed to helping people live the life they love, but they do not make the medicinal vs.

recreational distinction.

This is a temporary

legal separation in some states that should soon cease to exist.

The Company believes in wellness for the whole person, especially people

with insomnia, pain or anxiety who also want to enjoy friends, concerts and have satisfying intimate experiences.

Resonate is designing

experiences which should improve all areas of ones’ life.

accomplish this, Resonate is Mastering the Art of Experience™.

This is the Company’s mission.

By integrating science, technology,

education, branding, marketing, sales and delivery - with every customer interaction they aim to provide exceptional experiences.

has a broad range of unique characteristics, and they are dedicated to harnessing and amplifying those characteristics to support healthy

empowered and engaged lifestyles.

From product development through customer communication, they prefect and demystify cannabis bringing

innovative products to an increasingly sophisticated market.

Resonate Blends has a strong social mission and the Resonate team is building

a successful business by focusing its knowledge, skill and energy on creating wellness-lifestyle products which will improve community

by helping individuals live more satisfying, meaningful and connected lives.

The need for these products currently is crucial.

communicate the breadth of wellness products that Resonate is developing, the Company created The Resonate System.

The Resonate System

graphically represents a spectrum of wellness products based on cannabis scaffolding.

This system helps users easily select which product

Products based on The Resonate System deliver relaxation, freedom from pain and anxiety, boosts in focus and creativity, sensuality,

human connection and joy.

Koan products are formulated around a system of interconnected experience targets that will allow you to know

exactly what to expect when using them.

respecting and honoring the natural power of plant medicine, Resonate also employs advanced science, leading technology and a deep understanding

of how various cannabis compounds, when working in the body, simultaneously can create unique effects and benefits (referred to as the

“Entourage Effect”).

Product developers blend cannabinoids and terpenes to formulate products with specific, controllable

and repeatable beneficial effects.

Through innovation, experimentation, testing and an iterative product development strategy, the Koan

team has unlocked new plant constituent combinations resulting in unique, enjoyable and extremely effective wellness products unlike

anything else in the marketplace.

Resonate has filed a provisional patent for protection of these formulations and products in the future.

the Resonate Blends product family, is based around a comprehensive system of interconnected experience targets that allow people to

select the products that best fit their lifestyle and health objectives.

Koan products are dedicated to the efficacy and precision of

functional experience targets across a broad range of product categories.

initial products are a completely unique class of products called Cordials.

These blends offer a wide range of experiences not currently

available in the cannabis market.

Cordials are water-soluble and use nano-emulsification technology to allow for quick onset and a sustained

and nuanced experience.

Single dose, healthful, subtle in taste, cordials are an ideal way for people to intentionally improve their

They can be shipped directly or substituted for alcohol as a cocktail mixer.

A significant competitive advantage is that

the Cordials allow users to select both the experience they want and the beverage they choose to enjoy them in.

Cordials have been developed in partnership with an award-winning advanced infusion technology partner and were launched to the retail

channel in late Q2 of 2021.

The company is now offering seven unique formulations including the newly released Sleep Cordial available

as of September 29, 2022.

The Sleep Cordial has been thoroughly tested and is now available in “Single” samples and in cost

effective 100 ml, 10 serving multi-serve bottles.

Koan Cordials now come in:

Calm, Create, Delight, Love, Play, Wonder and Sleep experience-targeted

blends providing consumers a choice on how they want to feel.

Cordials were awarded the Golden Leaf Award as “Best New Brand of 2021” at the “Luxury Meets Cannabis Conference”

held in New York City in December.

Resonate also won a Cannabis Clio Award for “Brand Design” in 2021.

on customer demand, the Company offers a “Singles” option for the Cordials which are now available.

In response to customer

requests, the company is now offering five popular blends in 10-serving bottles, also known as “multi-serve” bottles, that

provide a lower cost per serving and allow users to customize their servings to their personal preference.

In addition, the company is

also offering a 4-pack that also lowers the cost per serving while preserving the convenience and portability of the discrete smaller

Company offers market support to select premium California dispensaries both in person and thorough the Leaf.VIP budtender training program.

The Company expects that building its brand online will complement retail sales by increasing customer awareness and creating “pull-through”

at brick-and-mortar facilities.

The social media strategy was brought in-house during Q1 to both reduce overall costs and control the

messaging to the appropriate audience for the Cordials.

recently hired an internal sales manager to oversee all sales efforts in Southern California and expects to hire a sales manager for

Northern California in the near future.

The Company implemented an in-house sales strategy in Q1 2022 to maximize both the dispensary

outreach and budtender education.

The Company has added several new retail partners in 2022 to include Atrium, Cornerstone Wellness,

99 High Tide, Artist Tree, Canni Delivery and Rose Mary Jane.

The Cordials are now featured at West Hollywood’s The Artist Tree

Studio Cannabis Lounge where music performers will be providing the entertainment events throughout the summer.

The Studio Cannabis Lounge

in West Hollywood is the only one of its kind in the United States and this partnership should provide users an interactive experience

unavailable elsewhere.

Rose Mary Jane Cannabis Lounge in Oakland also added the Cordials to its menu on September 24, 2022.

is placing a major focus on cannabis lounges throughout California to enhance its marketing and sales efforts.

the new in-house sales strategy in place, new wellness dispensaries are expected to grow throughout 2023.

Wellness dispensaries are the

main target due to the demographics of the consumer and the thorough educational process these dispensaries offer to buyers in their

Multi-state expansion through licensing arrangements with the Cordials is also being planned.

Several retailers and leading brands

in multiple states have reached out to Resonate requesting the Cordials to be stocked in their dispensaries.

The Company is currently

evaluating where and when to open new states outside of California.

We are no longer pursuing the

acquisition of Iron Summit Distribution, Inc.

(Kaneh Co.), as was announced on September 20 through a Press Release.

principal executive office is located at 26565 Agoura Road, Suite 200, Calabasas, CA 91302.

The executive telephone number is (571) 888-0009.

Company signed a custom development contract with Vertosa in March of 2020, the leading provider of safe, reliable emulsion bases for

infused product developers.

This contract was a major milestone for the Company as it selected its strategic partners to develop innovative

products and solutions.

is an award-winning strategic partner who will assist the Company in the launch of its first unique category of six water soluble products.

These multi-use products deliver specific, predictable, reliable, effects in a format that is completely unique in the industry.

first product developed collaboratively is the Cordial product line, but both companies expect several other products to be developed

over time utilizing Vertosa’s emulsification technology.

Vertosa and Resonate teams share a mission of maximizing the benefits of cannabinoids and plant medicine.

Resonate selected Vertosa as

a development partner because the Vertosa systems’ industry leading emulsification technology makes them highly stable, bioavailable,

and water compatible.

All of Vertosa’s inactive base materials are FDA approved and are lab tested for quality.

Hemp-derived CBD Emulsion System is now certified organic by CCOF, a United States Department of Agriculture-accredited certifier and

non-profit advocacy group, and the company has also received its Good Manufacturing Practice (GMP) certification, confirming that its

offerings follow regulations promulgated by the US Food and Drug Administration and are safe, pure, and effective.

In addition, Vertosa

is expanding into other legal states, and this paves the way for Resonate to follow behind moving beyond California while still assuring

strict standards and high production quality for Koan products.

Manufacturing:

Company partnered with The Galley, a California licensed Type N – Infused Products Manufacturer based in Santa Rosa, California.

The Galley produces and packages premium award-winning products and has worked with some of the most popular brands in the industry.

The Galley is built to FDA and CDPH standards and is focused on high demand areas of production – Edibles, Topicals, Tinctures,

Chocolate, Hard Candies, Gummies, Pre-Rolls, Flower, Vapes and Beverages.

Resonate Blends was granted a Type S:

Shared Facility - Adult

and Medicinal Cannabis Manufacturing License on July 23, 2021.

The license allows Resonate Blends to manufacture cannabis products at

the licensed facility of The Galley.

and The Galley entered into a Master Services Agreement in which The Galley will manufacture and package Resonate’s first family

of products to precise specifications.

Galley and Resonate have been in frequent contact throughout Resonate’s development period and are now supporting the production

of the Company’s unique family of wellness lifestyle products.

Resonate’s first of its kind offerings are emulsified through

the advanced infusion technology provided by award-winning Vertosa and collaboratively developed to push the state of the art in its

cannabis products.

Distribution:

company plans to offer products to select premium dispensaries throughout California.

These products will be delivered to retail establishments

by a leading cannabis full-service distributor.

The Company contracted with Nabis.

The #1 licensed cannabis wholesaling platform in California

with access to more than 300 brands, to provide logistics and statewide distribution for Resonate’s Koan Cordials, its product

line of unique experience blends currently available in California.

is also developing relationships with a variety of complementary distribution channels such as subscription box companies and other non-storefront

reseller organizations.

summarize, Resonate has signed and announced definitive agreements with various partners to execute on its overall business strategy.

Vertosa is expected to develop unique formulations through its advanced nano-emulsification process, The Galley is expected to assemble

and package, and Nabis to distribute the products.

and Sales Plan

cannabis industry is changing daily in response to updated regulations, customer product education, new interest from various demographics

and now the COVID-19 pandemic.

As a result, we are constantly attentive to these changes as they affect the marketing of Koan products.

The marketing strategy is to launch in select dispensaries throughout California and to support the launch with dispensary promotional

material and location-based marketing.

A focus on cannabis consumption lounges in California has been a major priority in 2022 and will

continue to be throughout all of 2023 in both California and in other states where consumption lunges are legal.

has implemented a plan to offer market support to select premium California dispensaries both in-person and thorough the Leaf.VIP budtender

training program.

The Company expects that building its brand online and through social media will complement retail sales by increasing

customer awareness and creating “pull-through” at brick-and-mortar facilities.

marketing budget and energy was being channeled into appropriate programmatic advertising, developing informational materials for customers

on the website, and developing professional and effective social media, search engine optimization and direct to consumer marketing campaigns.

is currently recruiting two internal sales managers to oversee all sales efforts in Northern and Southern California.

The Company is

planning an in-house sales strategy for early Q1 2022 to maximize both the dispensary outreach and budtender education..

While wellness

dispensaries will be a focus for the Company in the short run, the Company believes strongly in the value of establishing a strong D2C

business and plans to identify partners to implement this strategy in 2023.

expansion through licensing arrangements with the Cordials is also being planned.

Several retailers in multiple states have reached out

to Resonate requesting the Cordials to be stocked in their dispensaries.

The Company is working with its emulsification partner, Vertosa,

to target new legal states outside of California.

first commercial release was a family of seven (7) precisely targeted effect blends.

These products are category-breaking offerings as

they are neither tinctures nor beverages but have the benefits of both.

They are emulsified, water soluble, single-serving blends that

can be enjoyed privately or shared socially.

Resonate offers these across California in stylish mini bottles, each containing a single

They can be sipped directly from the bottle or poured into beverages.

Koan products offer the very high bioavailability of tinctures

not possible to deliver with edibles, take effect generally within minutes and provide benefits for approximately 3 hours.

Significantly,

these formulas all provide a pleasant predictable experience, a gentle onset and exit and have no unpleasant sensations or aftereffects

sometimes associated with cannabis products.

The current products are as follows:

rich with a hint of THC, Calm is formulated to quiet your mind and ease you into a gentle sense of wellbeing.

highest THC offering, Wonder is carefully crafted to bring back that youthful sense of wonder and awe we feel when we are fully engaged

with our senses and environment.

to reduce barriers to intimacy, stimulate personal connections and increase tactile sensation.

is formulated to stimulate your senses, spark your imagination and channel your inner muse.

Led by a stimulative blend of terpenes and

just the right amount of THC to inspire and facilitate the artist in you.

formulated Play to help you become fully immersed in the moment and the people around you.

From the park to the beach to the dance floor,

Play helps you find your groove and keep it going.

on your rose-colored glasses and give everything some extra sparkle with Delight.

Designed to open up your senses, raise your spirits

and brighten your day.

calibrated to help you fall asleep quickly, stay asleep longer and wake up refreshed.

Products - Resonate Growth Plans

the first 12-18 months, Resonate concentrated on releasing product and brand building in California, and possibly new state

expansion if the proper opportunities exist.

Resonate followed the launch of its first six Koan products with others based on The

Resonate System at regular intervals, and they released their “Love” in Q1 2022 and “Sleep” Cordials in Q2.

The formulas, combined with the proprietary Vertosa technology, will allow the Company to quickly deliver controlled, predictable,

enjoyable effects in beverages, teas, and gummies.

Vertosa is the leading provider of emulsification technology for cannabis

manufacturers.

Emulsification allows cannabinoids to become water-soluble so that they can be added to Cordials, beverages, gummies,

Vertosa and Resonate are engaged in joint research focusing on effects of various emulsification methods on cannabinoids.

Resonate is working on methods that improve user experience by refining effects and managing bioavailability.

Vertosa will also be

providing the emulsification required for formulas in Resonate’s product line.

The Company is in development stage of a new

edible line that it expects to have available to the market in 2023 if favorable market conditions exist.

major initiative for the Cordials in late 2022 was the cannabis consumption lounge business throughout California.

Guests to the lounges

can now select the cocktail of their choice and one of the six precisely crafted Koan Cordials experience options:

Calm, Create, Delight

Love, Play and Wonder.

Resonate mixologists have developed a number of creative cocktail recipes that complement the Koan Cordials which

have been very popular at events.

The precisely targeted Koan Cordials allow users to choose both the drink they prefer and how they

want to feel.

The Company is looking to expand its lounge business in 2023 both in California and in other legal states.

Resonate is successful in acquiring new brands, they expect product collaboration, to include improving the current brands – with

improved branding and product enhancements.

New product development would also be expected with joint product development initiatives.

cannabis industry is in its infancy.

Resonate’s growth strategy is to create an innovative ecosystem of companies, investments

and research that all support The Resonate System and its mission of empowering the wellness market.

In addition to creating “house”

brands, the Company is also looking for other quality brands which could be incubated or targeted as either strategic partners or as

acquisitions.

Integrating these companies should provide consistent product quality that yields expected results and that also allows

scalability to make a successful company overall.

The Company is actively seeking potential acquisition roll-ups into the holding company

that could offer product synergies, new product development and shared resources in critical areas of the Company.

Property (“IP”) development and protection continues as a core area of value creation for Resonate.

The Company has developed

the world’s first Cannabis Cordial.

The Koan 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.

These multi-use products deliver specific, predictable, reliable, effects in a format that is completely unique in the industry.

Company believes the greatest long-term value creation in the Cannabis industry will be in the establishment of high-quality consumer

brands that deliver the expected experience.

As cultivation, supplies and services become quickly commoditized, value-added brands represent

the best opportunity for Resonate and its shareholders to support and benefit from the growth expected in the Cannabis industry.

therefore critical for Resonate to protect its methods, formulations and packaging.

June 14, 2021, the Company successfully filed a Provisional Patent Application with the US Patent & Trademark Office (USPTO) entitled

“Cannabis Nano-Emulsions for Achieving a Reliable, Targeted, Specific and Repeatable User Experience.” The invention relates

to methods and formulations including a combination of cannabinoids and terpenes calculated and specifically formulated to achieve a

targeted, specific and repeatable user experience.

The Company is also filing for patent protection on its unique product packaging and

anticipates filing for other protections on new product development.

cannabis market still primarily consists of products of varying quality and poor branding.

Much of the branding is heavy “stoner”

or hospital medicinal, and differentiation between products is difficult.

As a result, finding a product with controllable, consistent

effects is difficult.

Even products of high and reliable quality all look alike and have no shelf appeal.

In addition, there is a mismatch

between the fastest growing demographic and many current product offerings, which are designed to be inhaled.

This is exactly why Resonate

has developed Koan Cordials, tasty, single dose, healthy cannabis products with timeless, exceptional branding.

As the market matures,

some companies are recognizing the importance of branding.

Branded category leaders represent the 10 spots among best-selling products

and sales data supports the desire among consumers for branded products.

This is further supported by Headset, data (the leading industry

provider of retail buying patterns), which shows that brands are leading every category in cannabis.

Further, branded products command

higher prices.

Some branded products generate pricing as high as 150%, over industry average.

The Resonate team excels in product branding.

is no product in the marketplace exactly like Koan products at this time.

Other companies offer tinctures (which are concentrated herbal

extracts made by soaking the bark, berries, leaves (dried or fresh), or roots from one or more plants in alcohol or vinegar), tea, salves,

patches and cosmetics and vapes, and some of them provide effects which may be similar to those the Koan products will provide, but none

are equal to Koan with respect to quality, efficacy, consistency and scope.

Koan products are water soluble and can be enjoyed privately

or poured in beverages and shared socially.

Resonate believes the total experience offered by Koan products cannot be found elsewhere

in the industry.

there are a number of very fine products in the premium cannabis space, there is not yet a dominant brand in any category.

Some are leading

but no brand dominates.

Data indicates that Resonate’s targeted demographic seeks out trusted brands when making product selections.

Resonate is bringing to market custom, reliable, experience-targeted products which can be sipped or shared;

and offered under a well-crafted

brand supported by an accessible information system.

The Company provides The Resonate System so customers can understand what to expect

and can make informed confident selections.

there are six employees, comprised of 3 C-level executives and managers of brand, marketing and sales.

Acquisition, Change in Control and Change in Business Plan

Effective March 14, 2024, Geoffrey Selzer, our former Chief Executive Officer and Director, and Jim Morrison, our

current President and Director, entered into a Securities Purchase Agreement (the “Control Agreement”), pursuant to which

Selzer sold all 2,000,000 outstanding shares of the Company’s Series C Preferred Stock to Mr.

Morrison for $10.00 in cash.

Morrison now possesses voting control of the Company.

Security Ownership of Certain Beneficial Owners and Management

and Related Stockholder Matters .

Acquisition Transaction .

On February 26, 2024, we entered into entered into a Share Exchange Agreement, as amended (the “Exchange

Agreement”), with Emergent Health Corp., a publicly-traded (symbol:

EMGE) Wyoming corporation (“EMGE”), and the holders

(the “EMGE Preferred Shareholders”) of Series Class A Preferred Stock and the Series C Convertible Non-Voting Preferred Stock

(collectively, the “EMGE Equity Interests”).

March 14, 2024, the parties closed the Exchange Agreement.

At the closing of the Exchange Agreement:

(a) the EMGE Preferred Shareholders

exchanged all of their respective EMGE Equity Interests for an equal number of shares of the Company’s to-be-designated Series

F Convertible Preferred Stock that shall convert into 93% of the common stock of the Company on a fully-diluted basis (the “Series

F Preferred Stock”), which shares of Series F Preferred Stock are currently issuable to the EMGE Preferred Shareholders and are

to be issued upon the Company’s filing of a Certificate of Designation with the State of Nevada;

(b) the Company consummated the

Conveyance Agreement;

and (c) all persons serving as directors and officers of the Company prior to the consummation of the Exchange

Agreement resigned and appointed four new members of the Company’s Board of Directors.

On March 14, 2024, in conjunction with our acquisition of EMGE, we entered into an Agreement of Conveyance, Transfer

and Assignment of Subsidiary (the “Conveyance Agreement”) with two of our then-wholly-owned subsidiaries, Resonate Blends,

LLC, a California limited liability company, and Entourage Labs, LLC, a California limited liability company (collectively, Resonate

Blends, LLC and Entourage Labs, LLC are referred to as the “Subsidiary”), and our former Chief Executive Officer and Director,

Geoffrey Selzer.

Pursuant to the Conveyance Agreement, we assigned our ownership in the Subsidiary to Mr.

In consideration of

our assignment of the Subsidiary, Mr.

Selzer (a) assumed and agreed to pay, perform and discharge, fully and completely, all liabilities

of the Subsidiary, (b) indemnified us for any loss arising from or in connection with any of such liabilities and (c) agreed to pay us

(i) 20% of any proceeds from the sale of the Subsidiary that occurs prior to the one-year anniversary of the Conveyance Agreement and

(ii) 10% of any proceeds from the sale of the Subsidiary that occurs after the one-year anniversary and prior to the two-year anniversary

of the Conveyance Agreement.

Business Plan .

The business plan and operations of EMGE now represent the entirety of our company’s business operations.

References to “the Company,” “our company,” “ours,” “us,” “we” and similar

words are to Resonate Blends, Inc., EMGE and the subsidiaries of EMGE.

The information below includes historical information about EMGE.

company engages in the discovery, development and marketing of products designed to better mankind.

We believe we are positioning our

company as a leader in the field of Regenerative Medicine defined by the National Institute of Health using nutritionally designed products.

Intended products are to be marketed under third-party label exemptions.

We are focusing our current efforts on marketing licensed patent-pending

natural stem cell mobilizing agents capable of enhancing each individual’s ability to mobilize their own adult stem cells from

their bone marrow.

Also, we are licensed under a patent-pending application to market a dual acting all natural diet aid designed to

help control hunger through normal body signals to the brain and stomach.

Products are being developed for consumer and professional

Research and development activities center on exploring other areas, such as Secretogues that can naturally enhance a person’s

own growth hormone production and similar all natural bioactive formulations to enhance human performance safely, ethically, legally

and utilizing known body mechanisms without the use of drugs.

information about our new business plan and historical operations of EMGE is included in our Amendment to Current Report on Form 8-K filed April 16, 2024 , which is incorporated herein by reference.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business