Insights

Expansion into New Markets Parallel recently invested $25 million in a cannabis cultivation, production, and retail facility in San Marcos, Texas, showcasing a significant expansion into a new market. This expansion presents a sales opportunity to introduce Parallel's innovative products to a fresh customer base.

Strategic Acquisition for Market Growth The acquisition of Windy City Cannabis for $100 million provides Parallel with an opportunity for market growth and increased sales potential. Leveraging this acquisition, Parallel can tap into new customer segments and enhance its product offerings to drive revenue growth.

Operational Expansion for Increased Revenue As Parallel expands its facilities in San Marcos, California and invests in new assets, there is an opportunity for increased revenue generation. By optimizing operations in these expanded facilities, Parallel can boost production capacity and meet the growing demand for its cannabinoid products.

Leadership Change Driving Innovation The appointment of James Whitcomb as the new CEO brings fresh leadership and innovation to Parallel. This change in leadership presents a sales opportunity to introduce new strategies, products, and approaches that can resonate with customers and drive sales growth.

Collaboration with BlackCannaBusiness Partnering with BlackCannaBusiness on the CEO Intensive program signifies Parallel's commitment to diversity and inclusion. This collaboration can open doors to new sales channels and opportunities within minority markets, aligning with current market trends and customer preferences.

Parallel Tech Stack

Parallel uses 8 technology products and services including SAS, SAP, Postman, and more. Explore Parallel's tech stack below.

  • SAS
    Business Intelligence
  • SAP
    Customer Relationship Management
  • Postman
    Data Management Platforms
  • MySQL
    Database
  • SonarQube
    Development
  • Magento
    E-commerce
  • Salesforce Sales Cloud
    Sales
  • Intervals
    Time Tracking

Media & News

Parallel's Email Address Formats

Parallel uses at least 1 format(s):
Parallel Email FormatsExamplePercentage
flast@liveparallel.comJDoe@liveparallel.com
95%
first@liveparallel.comJohn@liveparallel.com
3%
f.last@liveparallel.comJ.Doe@liveparallel.com
1%
firstlast@liveparallel.comJohnDoe@liveparallel.com
1%

Frequently Asked Questions

Where is Parallel's headquarters located?

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Parallel's main headquarters is located at Atlanta, GA 30308 US. The company has employees across 4 continents, including North AmericaAsiaEurope.

What is Parallel's stock symbol?

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Parallel is a publicly traded company; the company's stock symbol is PLLL1.

What is Parallel's official website and social media links?

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Parallel's official website is liveparallel.com and has social profiles on LinkedIn.

How much revenue does Parallel generate?

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As of May 2024, Parallel's annual revenue reached $750M.

What is Parallel's NAICS code?

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Parallel's NAICS code is 71394 - Fitness and Recreational Sports Centers.

How many employees does Parallel have currently?

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As of May 2024, Parallel has approximately 330 employees across 4 continents, including North AmericaAsiaEurope. Key team members include Chief Operating Officer: L. F.Chief Financial Officer: B. J.Chief Strategy Officer: D. O.. Explore Parallel's employee directory with LeadIQ.

What industry does Parallel belong to?

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Parallel operates in the Wellness and Fitness Services industry.

What technology does Parallel use?

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Parallel's tech stack includes SASSAPPostmanMySQLSonarQubeMagentoSalesforce Sales CloudIntervals.

What is Parallel's email format?

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Parallel's email format typically follows the pattern of . Find more Parallel email formats with LeadIQ.

How much funding has Parallel raised to date?

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As of May 2024, Parallel has raised $10M in funding. The last funding round occurred on Dec 08, 2022.

When was Parallel founded?

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Parallel was founded in 2014.
Parallel

Parallel

Wellness and Fitness ServicesGeorgia, United States1001-5000 Employees

Humans across the globe and of all walks of life want to live at their personal best, and are seeking more natural alternatives to feeling their best and getting the most out of life.  Today, they are discovering the answer through natural cannabinoid products.  At the same time, science and technology are unlocking the future potential of  cannabinoids. We believe that cannabinoids, when used responsibly, have the power to enhance the full spectrum of well-being and to help us live healthier and happier lives. Parallel is improving the well-being of our consumers today through our proprietary, innovative brands, while planting seeds for the future through our robust innovation and high bar for business standards. 

We meet our consumers’ needs wherever they are on their path to improve their health and happiness because our brands cover the full spectrum of well-being.  We are beside them whether they need recovery, relief, rest, or even revelry.  

To live their physical, mental and emotional best, they have to live intentionally.  When they do so, they seek the best products and intertwine them in their life.  We are committed to helping our consumers follow their own path to living intentionally and being their best every day through our portfolio of brands and products.  Across our diverse portfolio of trusted and proprietary brands, we provide innovative cannabinoid products designed to work in parallel to multi-faceted nature of everyday human well-being with the highest degree of uncompromising quality, safety, consistency and efficacy. 

Parallel Promise: Inspired by Nature, Optimized by Science
We will improve our consumers well-being and quality of life through our natural cannabinoid products today, while at the same time we will continue to innovate through science, technology and R&D to bring them unparalleled products that will transform how they live their best tomorrow. 

Section iconCompany Overview

Headquarters
Atlanta, GA 30308 US
Stock Symbol
PLLL1
NAICS Code
71394 - Fitness and Recreational Sports Centers
Founded
2014
Employees
1001-5000

Section iconFunding & Financials

  • $10M

    Parallel has raised a total of $10M of funding over 8 rounds. Their latest funding round was raised on Dec 08, 2022.

  • $100M$1B

    Parallel's revenue is in the range of $100M$1B

Section iconFunding & Financials

  • $10M

    Parallel has raised a total of $10M of funding over 8 rounds. Their latest funding round was raised on Dec 08, 2022.

  • $100M$1B

    Parallel's revenue is in the range of $100M$1B

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