ITEM
8.01 – OTHER EVENTS
Resonate
Blends, Inc. (the “Company”) will be relying on the Securities and Exchange Commission’s Order under Section
36 of the Securities Exchange Act of 1934 Granting Exemptions From Specified Provisions of the Exchange Act and Certain Rules
Thereunder dated March 4, 2020 (Release No. 34-88318) (the “Order”) to delay the filing of its Quarterly Report on
Form 10-Q for the quarter ended March 31, 2020 (the “Quarterly Report”) due to circumstances related to the coronavirus
disease (“COVID-19”).
The
Company’s operations and business have experienced disruption due to the unprecedented conditions surrounding the COVID-19
pandemic spreading throughout the United States and elsewhere. The spread of COVID-19 has caused a change in the availability
of our support services and our independent auditor, located in New Jersey, has been unable to perform the tasks necessary to
complete the review of our financial statements for the quarter ended March 31, 2020. A copy of a letter from our auditor concerning
this matter is attached to this Current Report on Form 8-K.
Due
to these disruptions, management is currently unable to timely file its Quarterly Report for the three months ended March 31,
2020. The Company will file its Quarterly Report by no later than June 29, 2020, which is 45 days after the original due date
of its Quarterly Report.
In
light of the current COVID-19 pandemic, the Company has included the following Risk Factor in its Annual Report for the year ended
December 31, 2019, which was filed with the Securities and Exchange Commission on May 14, 2020.
Risk
Factors Associated with Covid 19
The
extent to which the coronavirus (“COVID-19”) outbreak impacts our business, results of operations and financial condition
will depend on future developments, which cannot be predicted.
The
COVID-19 pandemic has caused us to modify our business practices (including employee travel, employee work locations, and cancellation
of physical participation in meetings, events and conferences), and we may take further actions as may be required by government
authorities or that we determine are in the best interests of our employees, customers and business partners. There is no certainty
that such measures will be sufficient to mitigate the risks posed by the virus or otherwise be satisfactory to government authorities.
The
extent to which COVID-19 impacts our business, results of operations and financial condition will depend on future developments,
which are uncertain and cannot be predicted, including, but not limited to:
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the
duration and scope of the pandemic;
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governmental,
business and individual actions taken in response to the pandemic and the impact of those
actions on global economic activity;
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the
actions taken in response to economic disruption;
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the
impact of business disruptions;
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the
increase in business failures that we may utilize as industry partners and the customers
we serve;
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uncertainty
as to the impact or staff availability during and post the pandemic; and
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our
ability to provide our services, including as a result of our employees or our customers
and suppliers working remotely and/or closures of offices and facilities.
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Even
after the coronavirus outbreak has subsided, we may continue to experience materially adverse impacts to our business as a result
of its global economic impact, including any recession that has occurred or may occur in the future.
Cautionary
Note Regarding Forward-Looking Statements
This
Current Report on Form 8-K contains statements as to the Company’s beliefs and expectations of the outcome of future events
that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these
statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include,
but are not limited to, statements regarding the anticipated impact of the COVID-19 outbreak on travel and physical locations
and the anticipated impact of such outbreak on our results of operations. These forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties
include, but are not limited to, the effects of the COVID-19 outbreak, including levels of consumer, business and economic confidence
generally, the duration of the COVID-19 outbreak and severity of such outbreak, the pace of recovery following the COVID-19 outbreak,
the effect on our supply chain and our ability to implement cost containment and business recovery strategies. Except as required
by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by
it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.