Tag : Parallel

CCT Impact

Parallel Opens its Second goodblend™ Retail Store in Pennsylvania; Erie’s Second Medical Marijuana Dispensary for Patients

CCT IMPACT Agent
Parallel (the “Company”), one of the largest privately-held multi-state medical marijuana operators in the United States (U.S.), announced today the launch of their second goodblend™ branded retail location in the Commonwealth of Pennsylvania in Erie, located on the south shore of Lake Erie, marking the Company’s 45th retail location in the U.S. Its goodblend brand is a new......
CCT Impact

Parallel Announces Opening of Its First goodblend™ Retail Store in Pennsylvania

CCT IMPACT Agent
Parallel (the “Company”), one of the largest privately-held multi-state cannabis operators in the United States (U.S.), announced today that it commenced sales of medical cannabis products in Pennsylvania through the opening of its first goodblend™ retail branded store in Pittsburgh, with the intent to open a second store in Erie in the coming weeks. goodblend™ is a new cannabis cultivator,......
CCT Impact

Parallel’s goodblend™ Texas Launches the First CBN Cannabis Product Line for Patients Through Texas Compassionate Use Program

CCT IMPACT Agent
 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 cannabinol (CBN) products for patients registered in the Texas Compassionate Use Program. The Surterra Wellness Dream +CBN branded tincture introduction marks the fifth first-to-market product innovation the company has launched in the Lone......
CCT Impact

Parallel Announces Sale-Leaseback Transaction in Pennsylvania with Innovative Industrial Properties for Approximately $68 Million

CCT IMPACT Agent
Parallel (the “Company”), one of the largest privately-held multi-state cannabis operators in the United States (U.S.), today announced the completion of a sale-leaseback transaction (the “Transaction”), in which Parallel sold its Pittsburgh, Pennsylvania warehouse to, and entered into a long-term lease agreement with, an affiliate of Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), the first and......
CCT Impact

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

CCT IMPACT Agent
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......
CCT Impact

Parallel Expands into Illinois Cannabis Market with Agreement to Acquire Windy City

CCT IMPACT Agent
Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.), today announced it has entered into a definitive agreement to acquire, in a cash and stock transaction, certain operations of Windy City Cannabis, comprised of Posen Dispensary Holding Company, LLC, Homewood Holding Company, LLC, Homewood 2nd Site Holding Company, LLC, Posen 2nd Site Holding......
CCT Impact

Parallel Appoints Jeremy Kunicki as Chief Financial Officer

CCT IMPACT Agent
Parallel, one of the largest privately held, vertically integrated, multi-state cannabis companies in the world, today appointed Walgreen’s veteran Jeremy Kunicki as its Chief Financial Officer (CFO), effective immediately. Parallel announced last week that it intends to become a public company through a definitive business combination agreement with Ceres Acquisition Corp., a......
CCT Impact

Parallel and Ceres Acquisition Corp. Announce Business Combination to Create a Publicly Traded U.S. Cannabis Well-Being Company

CCT IMPACT Agent
Parallel (the “Company”), one of the largest privately-held multi-state cannabis operators in the United States (U.S.) and Ceres Acquisition Corp. (“Ceres”) (NEO: CERE.U, CERE.WT;OTCQX: CERAF), a special purpose acquisition corporation (SPAC), today announced they have entered into a definitive business combination agreement involving a transaction that, if completed, would result in Parallel becoming......
CCT Impact

Parallel Names Kevin Fisher Chief Operating Officer

CCT IMPACT Agent
Parallel, formerly Surterra Wellness, a company that is pioneering human well-being through its proprietary cannabinoid brands, science and technology-led innovation, today announced that Kevin Fisher has been named Chief Operating Officer (COO), effective immediately.  As COO, Fisher will have responsibility for Parallel’s core day-to-day business operations and will lead the commercial and......