Cannabis company Resonate Blends Inc. has teamed with Nabis, a California retail distributor, for statewide distribution of its flagship Koan Cordial line of products.
Nabis is a wholesale platform that handles more than 200 brands and supplies 1,300 state-licensed cannabis dispensaries with products. Nabis offers clients fulfillment, warehousing, payment processing, financing, data analytics, sales and marketing services. According to Calabasas-based Resonate, “99% of the retailers in California receive brands from Nabis.”
Koan Cordials are a line of cannabis-infused liquids that consumers can drink or mix with juice or other beverages. Earlier this month, Resonate issued a letter to shareholders detailing the disappointing results of the Koan launch during the pandemic.
“Professional distribution is the backbone of any successful retail strategy,” said Resonate Chief Executive Geoff Selzer in a statement. “With the recent launch of our ‘singles’ line, the upcoming ‘multidose’ products and the anticipated launch of our first Koan edible line, having a reliable distribution partner is essential. We are delighted to partner with Nabis so that we can provide accurate and rapid delivery support to our retailers.”
Shares of Resonate Blends (KOAN) closed Thursday at 10 cents on the over-the-counter market.