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THCFarmer covers cannabis policy, science, cultivation, markets, legalization, industry news, and community issues with a grower's point of view.
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Cannabis News · Published Daily Since 2009

The home for cannabis news that matters to growers.

THCFarmer covers cannabis policy, science, cultivation, markets, legalization, industry news, and community issues with a grower’s point of view. Read clear, practical reporting for people who care about the plant, the culture, and the business behind it.

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Feb 22Chewing Gum Billionaire Beau Wrigley To Take Cannabis Company Public Through SPAC Deal Feb 22New Jersey Legalizes Cannabis After Years Of Failed Efforts Feb 20Cannabis And National Decriminalization: The Story So Far
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Chewing Gum Billionaire Beau Wrigley To Take Cannabis Company Public Through SPAC Deal
News Chewing Gum Billionaire Beau Wrigley To Take Cannabis Company Public Through SPAC Deal

William “Beau” Wrigley Jr. is taking his cannabis company Parallel public on a Canadian exchange by merging with a company backed by music industry entrepreneur Scooter Braun. Parallel will merge with Ceres Acquisition Corp., a special purpose acquisition company, at a $1.8 billion valuation, the company announced on Monday. The deal is expected to close this summer. Wrigley, who is chairman and CEO of Parallel, will remain at the helm once the deal closes. Scooter Braun will serve as a special advisor and help with branding and marketing. Wrigley, an heir to the chewing gum fortune, believes his cannabis company could one day rival his family’s old business. “I think this can be bigger than the Wrigley company,” he told Forbes during an interview...

logic logic · THCFarmer News Desk
February 22, 2021 · 1K reads · 0 comments
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