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.
Recent news
Latest coverage and updates
- has_issues_withAug 7, 2026
Parallel had issues with default on its lease obligations on Apr 1st '26.
- closes_offices_inJul 30, 2026
Parallel closed offices in Lakeland, Florida, United States, Northern America, Americas on Jun 1st '26.
- closes_offices_inJul 30, 2026
Parallel closed offices in Wimauma, Florida, United States, Northern America, Americas on Jun 1st '26.
- decreases_headcount_byJul 29, 2026
Parallel was planning to decrease headcount by 211 on Jul 6th '26.
- closes_offices_inJul 29, 2026
Parallel was planning to close offices in Florida, United States, Northern America, Americas on Jul 6th '26.
Parallel Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Parallel's valuation, stock price, and market status.
Is Parallel a public or private company?
Parallel is a private company.
What is the current stock price of Parallel?
Parallel is a private company with no public stock price. No recent secondary market data is available.
How much is Parallel worth (valuation)?
Valuation information for Parallel is not publicly available.
Can I buy Parallel stock?
Parallel shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Parallel's last funding round?
Parallel's most recent funding round was Debt on December 8, 2022.
Who are the main investors in Parallel?
Investor information for Parallel is not publicly disclosed.
Will Parallel IPO soon?
No public IPO plans have been announced for Parallel.
How can I track Parallel secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Parallel's secondary market activity and sign up for updates.