North Bergen, New Jersey--(Newsfile Corp. - July 18, 2024) - Apollo Biowellness, Inc. (OTC Pink: KOAN) (the "Company") is pleased to announce that it has engaged LB Equity Health and Wellness Fund, a division of The Lucas Group for an investment of up to $5,000,000 into the Company based on a $32,000,000 pre-money valuation into a preferred equity.

LB Equity Health and Wellens Fund ("LB Equity"), a division of The Lucas Group, (https://www.lbequity.com) is an investment firm focused on emerging brands in the beauty and personal care sectors.

LB Equity is run by Jay Lucas, formerly a founding Partner at Bain Capital. After leaving Baid Capital he then founded The Lucas Group, where he serves as Chairman. The Lucas Group is focused on the specialized needs of private equity investors and their portfolio companies and has extensive experience in the biologics and health care industries.

Jay Lucas will also join the Bord of Directors and serve on the Company's Financial Advisor.

Jim Morrison, CEO and President of the Company stated, "I am excited to work with Jay Lucas and LB Equity. Our combined experience and expertise will allow the Company to expand its marketing and product development."

The Company recently filed a Schedule 14C with the Securities and Exchange Commission to effectuate a name change to Apollo Biowellness, Inc.

About LB Equity
LB Equity is led by Jay Lucas, a former partner at Bain & Company, Karen Ballou, a highly experienced beauty industry professional (Redken and Elizabeth Arden) and Jim Morrison, who served as President of L'Oreal U.S. for nearly 10 years. The extended team consists of strategy and investment professionals along with an advisory group of veteran industry executives across core value creation disciplines. Prior to Standard Dose and the latest Fund, LBE has completed investments in ten additional beauty and personal care brands, including MD Complete, Marula Pure Oil, Immunocologie and Blamtastic among others.

About Apollo Biowellness, Inc. f/k/a Resonate Blends, Inc.
Apollo Biowellness 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 biologic based 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 markets.