Parallel Cannabis Archives

Debra BorchardtJanuary 7, 2025

The REIT has lost more than a billion dollars in valuation in just a few months.

Debra BorchardtNovember 11, 2024

The employees are facing huge tax bills on the inflated shares, but the shares are worthless

StaffMay 15, 2024

News from: Gold Flora, Schwazze, Michigan, Parallel Cannabis, and more.

Debra BorchardtMay 15, 2024

Beleaguered cannabis company Parallel Cannabis, which was associated with chewing gum heir William “Beau” Wrigley, has settled one of its lawsuits. Law360 reported that Legacy Knight Strategic Opportunities Fund — Parallel Series filed a notice on Monday with U.S. District Court in the Southern District of Florida indicating a successful mediation session. Florida case “The […]

StaffApril 30, 2024

News from: U.S. Drug Enforcement Administration, Cookies, Grown Rogue, RIV Capital, and more.

Debra BorchardtApril 30, 2024

The group believes the proposed new company is still under the influence of former CEO Beau Wrigley.

Debra BorchardtDecember 6, 2023

The group claims Wrigley and his associates damaged Parallel to the tune of $1 billion.

StaffAugust 14, 2023

The Daily Hit is a recap of the top financial news stories for Aug. 14, 2023. On the Site SNDL Sees Gains From Vice Segments, Will Ring-Fence Skymint and Parallel Canadian cannabis and liquor retailer SNDL Inc. (NASDAQ: SNDL) reported earnings that signaled more upward growth through the second quarter ending June 30, with the […]

StaffJuly 25, 2023

The Daily Hit is a recap of the top financial news stories for July 25, 2023. On the Site Maryland Hemp Companies Sue State Over Adult-Use Marijuana Rules A group of hemp companies in Maryland have filed suit against the governor and several state officials, claiming that the regulatory plan lawmakers authorized for the recreational […]

Adam JacksonJuly 25, 2023