Parallel
PrivateLast Round
Debt
Dec 8, 2022
Total Funding Raised
$318.6M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Parallel is a vertically integrated, multi-state cannabis company that produces a wide range of medical and adult-use cannabis products through proprietary brands and retail dispensaries.
Sector
Consumer & Commerce
Verticals
D2C Brands, Retail Technology
Business Model
B2C
Customer Profile
Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Comparables
Compare Parallel with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| C3 Industries | 86% | |
| AWH | 86% | |
| Jushi Holdings Inc. | 85% | |
Parallel Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Dec 8, 2022 | ||||
| PIPE | Feb 22, 2021 | ||||
| Series D | Jun 27, 2019 | ||||
| Debt | Nov 5, 2018 | ||||
| Series C | Aug 6, 2018 | ||||
Series C | Jul 1, 2018 |
Key People
Founding team and executive leadership
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 29, 2026
Now operating in five markets, including Florida, Massachusetts, and Pennsylvania.
- Jan 29, 2026
Operates in Florida, Massachusetts, and Texas markets.
Parallel Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Parallel's valuation, stock price, and market status.