and enhance its mission to pioneer well-being and improve quality of life through cannabinoids
Beau Wrigley remaining as Chairman and CEO and Ceres Group Holdings Scooter Braun to serve as a Special Advisor
Transaction values Parallel at an implied enterprise value of US$1.884 billion
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combined public company expected to have US$430 million cash balance at closing
Ceres Acquisition Corp. s CEO Joe Crouthers to become a director of the combined public company, with an additional slate of 4 independent directors with significant health and life sciences experience
Joint conference call to discuss the proposed transaction today at 9:00 a.m. ET
ATLANTA and TORONTO, Feb. 22, 2021 /PRNewswire/ 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 def
When Northampton Mayor David Narkewicz announced last month the city would forgo collection of community impact fees from local marijuana businesses, it was a recognition that legal cannabis has not had the baneful social impacts some feared.Since.
Wicked Local
Mission MA is slated to begin construction of a new marijuana dispensary on Commonwealth Avenue in Brookline after receiving approval from the town.
Mission expects the new shop, located at 1024 Commonwealth Ave., to open in the second quarter of 2021, according to a press release from parent company 4Front Ventures.
The store will carry a full line of adult-use cannabis brands and products including flower, extracts, edibles and vapes and customers will be able to place online orders and pick up in-store, according to the press release. The location will operate on an appointment-only basis, Mission attorney Mike Ross told the town’s Zoning Board of Appeals Jan. 21.
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FRANKLIN, Mass., Jan. 26, 2021 /PRNewswire/ New England Treatment Access (NETA), a division of the privately-held, multi-state cannabis company Parallel and a leading cannabis operator in Massachusetts, today announced that Florencia, a social equity cannabis license applicant, is the recipient of $25,000 through its Security Equipment Grant Program. NETA s initiative is designed to help reduce barriers to entry for social equity applicants into the state s cannabis industry.
Florencia will be one of the first to receive a home-delivery license from the Cannabis Control Commission (CCC) for social equity applicants. The company plans to locate in Uxbridge, Massachusetts pending final town approvals. Florencia is owned by Jensen and Jackson Mejia, twin brothers who came to the United States from the Dominican Republic in 1991 and have called Worcester, Massachusetts home. The Mejia s brother Ardwin, who is a decorated U.S. Marine, serving the country around the world,
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
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AUSTIN, Texas, Jan. 26, 2021 /PRNewswire/ Surterra Texas, a division of the privately-held, multi-state, cannabis company Parallel and a leading medical cannabis company, today announced the availability of the first cannabis-infused gummies for patients in Texas. This introduction of gummies further expands Surterra Texas market-leading product portfolio, providing Texans with the state s largest assortment of cannabis-based medicines and product formats.