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Parallel to Enter Illinois Market by Acquiring Windy City Dispensary Chain
Company set to open two more dispensaries in Illinois in April.
Parallel has entered into a definitive agreement to acquire, in a cash and stock transaction, certain operations of Windy City Cannabis, comprised of Posen Dispensary Holding Company, LLC, Homewood Holding Company, LLC, Homewood 2nd Site Holding Company, LLC, Posen 2nd Site Holding Company, LLC and Compass Dispensary Holdings, LLC.
Windy City is a leading operator of adult-use and medical cannabis dispensaries in Illinois. This follows Parallel's announcement in February that it intends to become a public company through a definitive business combination agreement with Ceres Acquisition Corp., a special purpose acquisition corporation.