Parallel

MATTIO Communications launched MATTIO+FIORE Media, a new cannabis-focused paid media and performance marketing agency. Led by MATTIO Communications CEO Rosie Mattio and Madison Fiore, the subsidiary will focus on growth strategy, media buying, email and SMS marketing, creative and campaign...

Element 7 Launches Its First Central Valley Cannabis Dispensary In Firebaugh Element 7 opened its newest retail cannabis concept store in the heart of California's Central Valley last weekend. Located in Firebaugh, 35 miles west of Fresno in the heart of some of North America's most fertile...

Parallel is opening  a new Surterra Wellness medical cannabis dispensary in Crestview, Florida, the first dispensary welcomed by the city. A grand opening celebration is planned for Thursday, March 31, 2022. Located at 2573 S. Ferdon Boulevard, the Surterra medicinal cannabis dispensary is...

The non-fungible token market continues to heat up with strong sales volume on OpenSea, an NFT marketplace for buying and selling items. A waitlist for the highly anticipated Coinbase Global Inc(NASDAQ: COIN) NFT marketplace has more than two million people signed up, which could increase the...

Poseidon Asset Management Managing Director Emily Paxhia oversees three cannabis-dedicated investment funds. Since 2013, Paxhia and her brother Morgan have provided funds to leading brands, including Aphria (2014), Headset (2018) and the Ceres Acquisition Corp. (OTC: CERAF) brand Parallel...

Innovative Industrial Properties Inc. (NYSE: IIPR) has purchased a Texas-based property for roughly $3.4 million. The San Diego cannabis REIT confirmed Thursday it's closing the acquisition of a San Marcos-based property and entering into a long-term lease with Surterra Texas'...

Indiva Appoints Russell Wilson To Board Canadian edibles manufacturer Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF) welcomed Russell Wilson to its board of directors. During his career, Wilson has been serving on several public company boards. He is currently vice president f business...

Clever Leaves Appoints Hank Hague As CFO Clever Leaves Holdings Inc. (NASDAQ: CLVR) has tapped Hank Hague to oversee its financial department on the heels of being added to the Cannabis ETF (NYSE: THCX), which trades on the New York Stock Exchange. He led finances for several public and private...

Cronos Touts Uptick In Revenue, Appoints New CEO Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) revealed Thursday its consolidated net revenue for the third quarter amounted to approximately $11.4 million. That's up by $5.6 million or 96% on a yearly basis. For the nine months ended Sept. 30, net...

Innovative Industrial Properties Inc. (NYSE: IIPR) bought a property in Lakeland, Florida, for roughly $19.6 million, excluding transaction costs. The San Deigo-based REIT confirmed Monday, it has taken over a property from Parallel's associate, which remained undisclosed....

Parallel, formerly Surterra Wellness, teamed up with Cannabis LAB to create an array of educational programs for cannabis industry professionals. The two parties agreed to develop podcasts, speaker series, and other programs that will promote professional development within the...

The University of Pittsburgh School of Medicine and cannabis company Parallel have received approval from the Pennsylvania Department of Health for a clinical research program for the study of medical marijuana. The 10-year partnership between the medical school and Parallel, and its subsidiary...

By the winter of 2019, Florida's burgeoning medical cannabis industry was split on the prospects of adult use legalization. It wasn't a question of if, but when.    Some expect to see the question reach the ballot in 2020. Yet despite being backed by surging medical...

One of the unique challenges that U.S. cannabis multistate operators have faced in expanding their businesses and winning over customers is the constantly evolving nature of U.S. medicinal and recreational markets. At the Benzinga Cannabis Capital Conference in Miami Beach on Monday, execs from top...

Florida voters legalized medical cannabis on Nov. 8, 2016. Since then, the state has made significant strides in market growth and product access. Florida is the second fastest-growing medical market in the country, according to an August 2019 report from Marijuana Business Daily. That...