Surterra Wellness

SunStream Opportunities LP, an affiliate of SunStream Bancorp Inc., a joint venture sponsored by SNDL Inc. (NASDAQ: SNDL), announced the closing of a $10 million bridge term loan to Surterra Holdings Inc. d.b.a Parallel Brands, and certain affiliates, (collectively, "Parallel"). SunStream...

Parallel To Open Another Surterra Wellness Store In Florida Parallel is opening a second Surterra Wellness medical marijuana dispensary in Orlando. Located at 2820 East Colonial Drive, near the Milk District and alongside a variety of popular retail and dining options, the new store will hold a...

Parallel opened a new Surterra Wellness medical marijuana dispensary in Fort Lauderdale, Florida. Located on the city's popular Sunrise Boulevard, the dispensary offers patients an array of medicinal products developed to enhance a patient's well-being. The grand opening celebration and...

Parallel Opens Surterra Wellness Store In Clermont, Florida Parallel will soon open a new Surterra Wellness medical marijuana dispensary in Clermont, Florida. Located at 1495 State Road 50 within a bustling shopping center neighbored by a variety of retail and dining options, the new store will...

Florida's medical cannabis market is a top performer, with a booming industry backed by a sizable patient count. Solid sales and patient counts serve as an appeal to would-be investors and entrepreneurs. Data from the 2021 Marijuana Business Factbook projects Florida generating between $775...

Parallel's Surterra Texas has partnered with telehealth platform Heally to provide Texans seeking medical cannabis evaluations and prescriptions with easy access to doctors. "With our partnership with Heally, Surterra Texas can now offer Texans a convenient and confidential...

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...

On Oct. 1, 2019, the Texas Department of Public Safety opened its medical cannabis dispensary application window for one month. The process was halted one week later. The state has no intention of reopening the application window at this time, the DPS told Benzinga.  The department...

Reflecting its position as a rapidly growing, global well-being company and reaffirming its commitment to improving quality of life through the benefits of cannabinoids, Surterra Wellness announced it has changed its corporate name to Parallel™ effective immediately. The new name seeks to...

Surterra Wellness is bolstering its executive team with the additions of Lee Applbaum as chief marketing officer and Philippa Classey as managing director for Europe. These senior hires are intended to propel Surterra’s aim to be the leading cannabis company with iconic brands that improve...

PitchBook, a financial database and information platform on private equity, has released its list of the top venture capital firms investing in cannabis in 2019.  Last year set a $1.2-billion record for venture capital investments in cannabis. That amount has already been surpassed by $500...

Surterra Wellness has announced the appointment of Drew Stoddard as Executive Vice President of Direct-to-Consumer Marketing. By establishing this new leadership position, Surterra is prioritizing the creation of diverse, high quality DTC cannabis and hemp brands that are approachable to and...

Health and wellness cannabis company Surterra Wellness plans on using proceeds from a capital raise to expand its footprint both in the U.S. and internationally. What Happened Surterra announced in a press release an initial closing of a $100 million Series D funding round. Former Patron Spirits...