Parallel’s goodblend™ Texas Launches First Medical Cannabis Capsule Format for Patients in the Texas Compassionate Use Program

goodblend™ Texas, a retail brand of Parallel, one of the nation’s largest privately-held multi-state cannabis operators, today announced the launch of the first cannabis capsules for patients registered in the Texas Compassionate Use Program. These capsules are the fifth medical cannabis format option offered through the company’s Surterra Wellness branded product line, and the fourth first-to-market product innovation that it has launched in Texas in the last eight months.

“goodblend is proud to be the first medical cannabis dispensary in Texas to offer medical cannabis capsules to patients across the Lone Star State,” said Marcus Ruark, President of goodblend Texas. “The new cannabis capsule format reflects our commitment to innovating our product offerings and enhancing accessibility to help improve the quality of Texans’ lives. Capsules have been used for a long-time in medicine, so patients new to cannabis will be familiar with this delivery form. With more people in Texas turning to medical cannabis, we are meeting the needs of our diverse patients by offering a large variety of product options under a brand they know and trust.”

The capsule format provides patients with a precise, concentrated dose of a calibrated level of THC and CBD oil per capsule. The cannabis capsules, only available via goodblend Texas, are available in three terpene blend families, with each child-resistant package containing 60 capsules.

The launch of this new cannabis product format in Texas follows the recent news that Parallel invested $25M in a new state-of-the-art cannabis cultivation, production, and retail facility in San Marcos. This financial commitment expands Parallel’s ability to meet the growing demand for medical cannabis products in Texas. The planned 63,000 square-foot facility is expected to create hundreds of new jobs in the San Marcos region. The company also recently introduced its goodblend™ retail brand, which reflects Parallel’s intent to lead the way to the future of cannabis by providing patients a trusted, consistent and seamless way to connect and learn, and to access innovative, high-quality cannabis products in a variety of formulations.

About Parallel

Parallel is one of the largest privately-held, vertically integrated, multi-state cannabis companies in the United States with a mission to pioneer well-being and improve the quality of life through cannabinoids. Parallel recently announced that it intends to become a public company through a definitive business combination agreement with Ceres Acquisition Corp. (“Ceres”) (NEO: CERE.U, CERE.WT;OTCQX: CERAF), a special purpose acquisition corporation (SPAC). Parallel has ongoing operations in four medical and adult-use markets under the retail brands of Surterra Wellness in Floridagoodblend in Texas; New England Treatment Access (NETA) in Massachusetts, and The Apothecary Shoppe in Nevada. Parallel also has a license under its goodblend Pennsylvania brand for vertically integrated operations and up to six retail locations, in addition to a medical cannabis research partnership with the University of Pittsburgh School of Medicine. Subject to regulatory approval, Parallel will add Illinois as a sixth market when its recently announced acquisition of six Windy City Cannabis licenses is complete. Parallel has a diverse portfolio of high quality, proprietary and licensed consumer brands and products including Surterra Wellness, Coral Reefer, Float and Heights. Parallel operates approximately 50 locations nationwide, including 42 retail stores, and cultivation and manufacturing sites. Through its wholly-owned Parallel Biosciences subsidiary, it conducts advanced cannabis science and R&D for new product development in its facilities in MassachusettsFloridaTexas and a facility in Budapest, Hungary through an exclusive license and partnership. Parallel follows rigorous operations and business practices to ensure the quality, safety, consistency, and efficacy of its products and is building its business by following strong values and putting the well-being of its customers and employees first. Find more information at www.liveparallel.com, or on Instagram and LinkedIn.

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