M&A Deal Summary

Parallel Acquires Windy City Cannabis

On April 1, 2021, Parallel acquired consumer products company Windy City Cannabis for 100M USD

Acquisition Highlights
  • This is Parallel’s 2nd transaction in the Consumer Products sector.
  • This is Parallel’s largest (disclosed) transaction.
  • This is Parallel’s 3rd transaction in the United States.
  • This is Parallel’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-04-01
Target Windy City Cannabis
Sector Consumer Products
Buyer(s) Parallel
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Fox Rothschild
Honigman (Legal)

Target

Windy City Cannabis

Illinois, United States
Windy City Cannabis is an operator of adult use and medical cannabis dispensaries. Windy City Cannabis is based in Illinois.

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Buyer(S) 1

Buyer

Parallel

Atlanta, Georgia, United States

website

Category Company
Founded 2014
Sector Consumer Products
DESCRIPTION

Parallel provides cannabis-based natural products to support wellness. Parallel was founded in 2014 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Molecular Infusions

Los Angeles, California, United States

Molecular Infusions LLC is a biopharmaceutical company based in Massachusetts committed to improving lives by advancing cannabis therapies through the deployment of proprietary technologies, scientific rigor, and results-driven innovation. Molecular Infusions was founded in 2016 and is based in Los Angeles, California.

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