A national medical marijuana company is moving its Texas headquarters from Austin to San Marcos, where it s building a $25 million cultivation and retail facility to serve the state’s small but growing market.
Goodblend Texas formerly known as Surterra Texas broke ground on the planned 63,000-square-foot San Marcos facility last month and said it will employ over 100 people. Future expansions of the project will add to its workforce, the company said.
Goodblend is a subsidiary of Parallel, an Atlanta-based cannabis venture headed by chewing gum heir William “Beau” Wrigley Jr. Parallel has operations in a number of states where marijuana is legal either for medical or adult recreational uses, including Florida, Massachusetts and Nevada.
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Jason Giulieitti Wed, 04/28/2021 - 6:14pm
Business
Wednesday, April 28, 2021
Last week, the Greater San Marcos Partnership (GSMP) participated in two groundbreakings for innovative companies Parallel and Iron Ox who picked the Texas Innovation Corridor as their new home. As disruptive agricultural cultivators, these companies are bringing tens of millions of dollars in capital investment and hundreds of new, locally sourced jobs. Notably though, both companies chose Hays and Caldwell counties (respectively) because of the talented, high-skill workforce that resides there.
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Parallel Invests $25M in a New State-of-the-Art Cannabis Cultivation, Production and Retail Facility in San Marcos, Texas
April 19, 2021 GMT
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ATLANTA and AUSTIN, Texas, April 19, 2021 /PRNewswire/ Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.), today announced it will make a $25 million dollar investment in a new state-of-the art cannabis cultivation, production and retail facility in Texas. This financial commitment expands Parallel’s ability to meet the growing patient demand for medical cannabis products in the Lone Star State. The planned 63,000 square-foot facility is expected to create hundreds of new jobs in the San Marcos region.