Parallel and Ceres Acquisition Corp. Announce Business Combination to Create a Publicly Traded U.S. Cannabis Well-Being Company
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 1 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 di...
Source: prnewswire.com