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Parallel Appoints Jeremy Kunicki as Chief Financial Officer
Kunicki brings public company leadership from a global retail and pharmacy chain as Parallel prepares to go public via SPAC
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ATLANTA and WEST PALM BEACH, Fla., March 1, 2021 /PRNewswire/ Parallel, one of the largest privately held, vertically integrated, multi-state cannabis companies in the world, today appointed Walgreen s veteran Jeremy Kunicki as its Chief Financial Officer (CFO), effective immediately. Parallel announced last week that it intends to become a public company through a definitive business combination agreement with Ceres Acquisition Corp., a special purpose acquisition corporation (SPAC). As CFO, Kunicki will lead Parallel s finance and operations functions, as well as oversee corporate finance, shared services activities and operational management of the organization. James Whitcomb, who had served as Parallel s Interim CFO, will continue in hi
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
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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 discuss the proposed transaction today at 9:00 a.m. ET
ATLANTA and TORONTO, Feb. 22, 2021 /PRNewswire/ Parallel (the Company ), one of the largest privately-held multi-state cannabis operators in the United States (U.S.) and Ceres Acquisition Corp. ( Ceres ) (NEO: CERE.U, CERE.WT;OTCQX: CERAF), a special purpose acquisition corporation (SPAC), today announced they have entered into a def
Surterra Texas™ Launches First Medical Cannabis Gummies for the Texas Compassionate Use Program
New cannabis-infused gummies provide Texas patients with conveniently-administered doses of THC and CBD for conditions such as terminal cancer, spasticity, autism, epilepsy, and incurable neurological diseases
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AUSTIN, Texas, Jan. 26, 2021 /PRNewswire/ Surterra Texas, a division of the privately-held, multi-state, cannabis company Parallel and a leading medical cannabis company, today announced the availability of the first cannabis-infused gummies for patients in Texas. This introduction of gummies further expands Surterra Texas market-leading product portfolio, providing Texans with the state s largest assortment of cannabis-based medicines and product formats.