Predict your next investment

Parallel company logo
Corporation
HEALTHCARE | Pharmaceuticals / Drugs
liveparallel.com

See what CB Insights has to offer

Founded Year

2014

Stage

Convertible Note | Alive

Total Raised

$729.44M

Last Raised

$43.3M | 4 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

850-391-5455

Latest Parallel News

Parallel Separates the Chairman and CEO Roles

Nov 16, 2021

11/16/2021 | 07:01am EST Message : *Required fields ATLANTA and WEST PALM BEACH, Fla., Nov. 16, 2021 /PRNewswire/ -- 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. 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 Cookie's 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 www.liveparallel.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/parallel-separates-the-chairman-and-ceo-roles-301424770.html SOURCE Parallel

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.

C

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.

B

Biopharma Tech

15,532 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 130 patents.

The 3 most popular patent topics include:

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

Application Date

Grant Date

Title

Related Topics

Status

1/3/2020

1/18/2022

Radio resource management, Wireless networking, Telecommunications, LTE (telecommunication), Channel access methods

Grant

Application Date

1/3/2020

Grant Date

1/18/2022

Title

Related Topics

Radio resource management, Wireless networking, Telecommunications, LTE (telecommunication), Channel access methods

Status

Grant

Parallel Web Traffic

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

Parallel Rank

CB Insights uses Cookies

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.