News & Media

Parallel Announces Sale-Leaseback Transaction in Pennsylvania with Innovative Industrial Properties for Approximately $68 Million
Proceeds from the transaction will support the expected rollout of Parallel's goodblend™ brand in the Commonwealth and fund a state-of-art cannabis growing and processing facility in Pittsburgh
Parallel's goodblend™ Texas Launches First Medical Cannabis Capsule Format for Patients in the Texas Compassionate Use Program
New capsule format provides Texas patients with easily-administered doses of THC and CBD for qualifying conditions and reflects goodblend's commitment to innovation, consistency, quality and variety
Parallel Invests $25M in a New State-of-the-Art Cannabis Cultivation, Production and Retail Facility in San Marcos, Texas
Launches its goodblend™ retail brand (Surterra Texas is now goodblend Texas), creates hundreds of new jobs, and positions itself for strategic growth in the Lone Star State
Parallel Expands into Illinois Cannabis Market with Agreement to Acquire Windy City
Transaction extends Parallel’s strategic footprint to six states, concentrated in highly populated, limited license markets throughout the U.S.
Innovative Industrial Properties Acquires Texas Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company
Innovative Industrial Properties Acquires Texas Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company
Parallel Appoints Jeremy Kunicki as Chief Financial Officer
Kunicki brings public company leadership from a global retail and pharmacy chain as Parallel prepares to go public via SPAC
Parallel and Ceres Acquisition Corp. Announce Business Combination to Create a Publicly Traded U.S. Cannabis Well-Being Company
Transaction expected to fuel the growth of Parallel’s U.S. footprint and enhance its mission to pioneer well-being and improve quality of life through cannabinoids
Surterra Texas™ Launches First Medical Cannabis Gummies for the Texas Compassionate Use Program
New cannabis-infused gummies provide Texas patients with conveniently-administered doses of THC and CBD for conditions such as terminal cancer, spasticity, autism, epilepsy, and incurable neurological diseases