Latest In: Parallel

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Florida landlord latest to pursue claim against Surterra Wellness for unpaid rent

Surterra Wellness, the once-ambitious multistate operator formerly run by chewing-gum magnate Beau Wrigley, is accused of skipping out…

News August 19
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Judge orders former Wrigley-connected medical marijuana company dissolved

A Pennsylvania judge has ordered the dissolution of a heavily indebted, state-licensed medical marijuana company that was once…

News August 28
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Marijuana MSO Parallel faces financial hurdles after $1.9B SPAC deal collapses

William "Beau" Wrigley Jr. and his Parallel marijuana company face litigation over a failed merger with Scooter Braun's…

News August 8
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A chart showing medical cannabis patient count growth in Texas.

Texas medical cannabis firms bet on market reforms, more opportunities

The number of medical marijuana patients in Texas has quadrupled over the past year, but MMJ companies there…

News July 12
Illinois recreational marijuana Parallel Steve Weisman William “Beau” Wrigley Jr. Windy City Cannabis Shops
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Wrigley fights $80 million claim over Parallel’s failed Illinois marijuana deal

Chewing gum heir and former Parallel CEO William “Beau” Wrigley Jr. is fighting to escape any liability over…

News July 5
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4 marijuana-related companies run ‘Chicago cartel,’ federal lawsuit alleges

A group calling itself True Social Equity in Cannabis sued three marijuana multistate operators and an ancillary company…

News April 19
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Short seller goes after cannabis REIT Innovative Industrial Properties

A short seller activist group has gone on the attack against San Diego-based Innovative Industrial Properties, saying the…

News April 15
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Parallel CEO advocates for breaking down cannabis ‘protectionist policies’

The new chief executive of cannabis multistate operator Parallel took the unusual step this week of publishing an…

News February 17
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Marijuana M&A sizzled in 2021 and is poised for a hot 2022

Marijuana merger and acquisition activity proceeded at a torrid pace in 2021 - and could accelerate in 2022…

News December 28
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