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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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750 employees
Parallel, a global leader in cannabinoid wellness, pioneers quality of life improvements with rapid growth.
HQ
Founded
2014
Parallel, formerly known as Surterra Wellness, was founded with the mission to pioneer well-being and improve quality of life through the benefits of cannabinoids. The company offers a range of cannabis products aimed at enhancing rest, recovery, relief, and revelry. With vertically integrated operations, Parallel serves both medical and adult-use markets across multiple states, including Florida and Texas. Their focus is on leveraging cannabinoids to promote holistic wellness and improve the quality of life for their customers.
Notable figures associated with Parallel include key industry leaders and investors who have driven its rapid growth. The company has achieved significant milestones, positioning itself as one of the fastest-growing cannabis companies globally. Through its innovative approach and commitment to quality, Parallel has made a substantial impact on the cannabis industry, setting new standards for cannabinoid-based wellness solutions.
Operating Status
Active
Main Product(s)
Wellness, Cannabis
Technology
Biotech
Tags
Healthtech
Model Types
eCommerce, Retail
Revenue Type(s)
Transactional
Customer Type(s)
Consumers
Geographic Exposure
United States
When was Parallel founded?
Parallel was founded in 2014.
Where is Parallel's headquarters located?
Parallel's headquarters is located in Atlanta, GA, US.
When was Parallel's last funding round?
Parallel's most recent funding round was for $10M (USD) in December 2022.
How many employees does Parallel have?
Parallel has 750 employees as of Feb 4, 2024.
How much has Parallel raised to-date?
As of July 05, 2023, Parallel has raised a total of $365.7M (USD) since Dec 8, 2022.
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Total Raised to Date
$365.7M
USD
Last Update Dec 8, 2022
Last Deal Details
$10M
USD
Dec 8, 2022
Debt Financing
Current Employees
750
Last updated: Feb 4, 2024
No location information available for this company.
Locations
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Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts