Debra BorchardtDecember 6, 2023
The group claims Wrigley and his associates damaged Parallel to the tune of $1 billion.
Tag: Parallel Cannabis
Debra BorchardtDecember 6, 2023
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
Surterra is now asking the court to enforce the dissolution after unpaid rent and penalties.
StaffJuly 20, 2023The Daily Hit is a recap of the top financial news stories for July 20, 2023. On the Site Parallel Exiting Pennsylvania Marijuana Market After Defaulting on Rent Atlanta-based multistate operator Parallel Cannabis is shuttering three facilities and exiting the Pennsylvania medical marijuana market following financial troubles that led to a lawsuit from its landlord, […]
John SchroyerJuly 20, 2023
Parallel also failed to pay Innovative Industrial Properties rent for a facility in Texas.
StaffJuly 6, 2023The Daily Hit is a recap of the top financial news stories for July 6, 2023. On the Site New Cookies Lawsuit Alleges Fraud, Breach of Contract, Other Misdeeds Global cannabis brand Cookies has been hit with yet another breach of contract lawsuit from a business partner alleging theft and fraud. The new legal action […]
Debra BorchardtJuly 6, 2023Judge rules investors claims of fraud are supported with evidence.
Debra BorchardtDecember 27, 2022
From debt defaults to ousted leaders, the cannabis industry had its fair share of scandals in 2022.
Debra BorchardtAugust 10, 2022
Parallel Cannabis, also known as Surterra Wellness, had hoped to get its investor lawsuit dismissed, but the investors say not so fast. The latest chapter in the ongoing case has the defendants TradeInvest Asset Management Company (BVI) Ltd., First Ocean Enterprises SA, and Techview Investments Ltd. understandably opposing the request to dismiss the case. Surterra […]
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