Parallel Separates the Chairman and CEO Roles

November 16, 2021

Parallel (the "Company"), a leading private, multi-state cannabis company, today announces that James Whitcomb, the Company's Chief Development Officer and an early founder, has been elected with unanimous support of, and approval by the Company's Board of Directors to the CEO role, effective this Friday.

Beau Wrigley, current Chief Executive Officer, has made the decision to remain actively involved in the Company with a concentrated focus as Parallel's Chairman of the Board of Directors and as a significant and long-term investor in the Company.