Parallel company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Founded Year



Convertible Note | Alive

Total Raised


Last Raised

$43.3M | 7 mos ago

About Parallel

Parallel, the rebrand of Surterra Wellness, focuses on unlocking the natural health benefits of the cannabis-based ingredients and is committed to providing individuals with safe and effective treatments. By combining natural growing techniques with extraction tools, Parallel is looking to transform the way people view nature-based wellness solutions.

Parallel Headquarter Location

55 Ivan Allen Jr. Boulevard NW

Atlanta, Georgia, 30308,

United States


Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Parallel

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Parallel in 3 CB Insights research briefs, most recently on Mar 2, 2020.

Expert Collections containing Parallel

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Parallel is included in 2 Expert Collections, including Cannabis.



3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.


Biopharma Tech

15,535 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

Parallel Patents

Parallel has filed 171 patents.

The 3 most popular patent topics include:

  • Wireless networking
  • Telecommunications
  • LTE (telecommunication)
patents chart

Application Date

Grant Date


Related Topics




Evolutionary biology, Saskatchewan provincial highways, Diagrams, Point-class cutters, Chemical processes


Application Date


Grant Date



Related Topics

Evolutionary biology, Saskatchewan provincial highways, Diagrams, Point-class cutters, Chemical processes



Latest Parallel News

12:38 ET Parallel's goodblend™ Texas Launches First-Ever Medical Marijuana Chocolate Bar Format for Patients in the Texas Compas...

Mar 7, 2022

From the dispensary that revolutionized medical marijuana edibles in the state, Heights Dark Chocolate is a first-of-its-kind product giving TCUP patients access to the benefits of THC in a delicious chocolate bar format. News provided by Share this article Share this article ATLANTA and AUSTIN, Texas, March 7, 2022 /PRNewswire/ --  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 medical marijuana chocolate bar for patients registered in the Texas Compassionate Use Program. The Heights Dark Chocolate bar is the fifth first-to-market product innovation that it has launched in Texas in the last year. "goodblend is proud to be the first medical cannabis dispensary in Texas to offer medical marijuana chocolate to patients across the Lone Star State," said Gene Tallman, President of goodblend Texas. "Studies suggest that by infusing THC with lipids like those found in chocolate, the beneficial THC experience may be amplified. This is great news for patients who need long-lasting relief from conditions such as PTSD, cancer, or neurological diseases." The chocolate bar recipe was designed in-house by goodblend's expert chocolatier, and provides patients with a precise dose of 5mg of THC per square. Each child-resistant package contains 20 single-serving squares for 100mg of THC per bar. The new chocolate bar will be available for $35 starting March 15 exclusively at goodblend Texas . The launch of this new cannabis product format in Texas follows the recent news that Parallel invested $25M in a new state-of-the-art cannabis cultivation, production, and retail facility in San Marcos. This financial commitment expands Parallel's ability to meet the growing demand for medical cannabis products in Texas. The planned 63,000 square-foot facility is expected to create hundreds of new jobs in the San Marcos region. The company also recently introduced its goodblend™ retail brand , which reflects Parallel's intent to lead the way to the future of cannabis by providing patients a trusted, consistent and seamless way to connect and learn, and to access innovative, high-quality cannabis products in a variety of formulations. About Parallel Parallel is one of the largest privately held, vertically integrated, multi-state cannabis companies in the United States with a mission to pioneer well-being and improve the quality of life through cannabinoids. Parallel has ongoing operations in five medical and adult-use markets under the retail brands of  Surterra Wellness  in Florida; goodblend in  Texas  and in  Pennsylvania ;  New England Treatment Access  (NETA) in Massachusetts, and a joint venture with Cookies retail brand in Nevada. It will add a sixth market upon the pending regulatory approval of the  planned acquisition  of six Windy City Cannabis licenses in Illinois. Parallel has a diverse portfolio of high quality, proprietary and licensed consumer brands and products including Surterra Wellness, Coral Reefer, Float and Heights offered through its retail wholesale business. Parallel operates approximately 50 locations nationwide, including 44 retail stores, and cultivation and manufacturing sites. Through its wholly owned Parallel Biosciences subsidiary, it conducts advanced cannabis science and R&D for new product development in its facilities in Massachusetts, Florida, Texas and a facility in Budapest, Hungary through an exclusive license and partnership. Parallel follows rigorous operations and business practices to ensure the quality, safety, consistency, and efficacy of its products and is building its business by following strong values and putting the well-being of its customers and employees first. Find more information at , or on Instagram  and  LinkedIn . For more information on goodblend Texas and its products, access  and . Texas CUP License #0006

Parallel Web Traffic

Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Parallel Rank

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.