15 min
E66- A short story about Parallel: when investing in cannabis MSOs gets messy High-Rise: Cannabis MSOs, Products & Market Analysis
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- Investing
In this episode Cy and Emily delve into the recent news of Parallel, one of the largest privately-held, vertically-integrated, multi-state cannabis operators in the U.S. Parallel. In 2018 Beau Wrigley Jr (heir to Wrigley’s chewing gum) had envisioned building a cannabis MSO juggernaut that could one day surpass the success of his family’s chewing gum business.
There was lots of hype built up around Parallel, investors were tripping over each other to get involved, projections were high, a SPAC was getting set up, and then something not so great happened — some gold old fashioned securities fraud.
We hope you enjoyed this highly focused episode. Thank you for streaming us and please rate and subscribe to the High Rise asap!
https://www.politico.com/news/magazine/2022/06/12/weed-wrigley-lawsuit-00036864
Headset
In this episode Cy and Emily delve into the recent news of Parallel, one of the largest privately-held, vertically-integrated, multi-state cannabis operators in the U.S. Parallel. In 2018 Beau Wrigley Jr (heir to Wrigley’s chewing gum) had envisioned building a cannabis MSO juggernaut that could one day surpass the success of his family’s chewing gum business.
There was lots of hype built up around Parallel, investors were tripping over each other to get involved, projections were high, a SPAC was getting set up, and then something not so great happened — some gold old fashioned securities fraud.
We hope you enjoyed this highly focused episode. Thank you for streaming us and please rate and subscribe to the High Rise asap!
https://www.politico.com/news/magazine/2022/06/12/weed-wrigley-lawsuit-00036864
Headset
15 min