Insights

Wellness Market Growth Parallel operates in the wellness and fitness services industry, which is experiencing significant growth as consumers increasingly seek natural alternatives for well-being. This trend presents a prime sales opportunity to tap into the expanding market demand for cannabinoid products.

Innovative Product Portfolio With a diverse portfolio of trusted cannabinoid brands designed to enhance various aspects of human well-being, Parallel offers innovative products that cater to different consumer needs. Leveraging this unique product array can drive sales by appealing to a wide range of customers seeking intentional living and enhanced well-being.

Proprietary Technology Stack Parallel utilizes a robust tech stack including platforms like Informa, Salesforce, and Magento to optimize operations and enhance customer engagement. Sales development representatives can capitalize on this technology-driven approach to streamline processes, personalize customer interactions, and drive sales growth through targeted marketing strategies.

Financial Stability & Growth Potential With revenues estimated between $100M - 1B and a funding of $10M, Parallel demonstrates financial stability and growth potential. This solid financial foundation provides a conducive environment for sales professionals to confidently engage with potential clients, knowing they are backed by a financially secure organization poised for further expansion.

Competitive Positioning & Market Strategy In a landscape with similar companies like Trulieve, Curaleaf, and MedMen, Parallel stands out by focusing on natural cannabinoid products and a commitment to innovation. Understanding the competitive positioning and market trends in comparison to key industry players can empower sales teams to differentiate Parallel's offerings effectively and capitalize on emerging trends to drive sales growth.

Parallel Tech Stack

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

  • Informa
    Business Process Management
  • Salesforce
    Customer Relationship Management
  • Postman
    Data Management Platforms
  • MariaDB
    Database
  • Babel
    Development
  • Magento
    E-commerce
  • Cloudflare Bot Management
    Security
  • FedEx
    Transportation And Fleet Management

Parallel's Email Address Formats

Parallel uses at least 1 format(s):
Parallel Email FormatsExamplePercentage
FLast@liveparallel.comJDoe@liveparallel.com
94%
First@liveparallel.comJohn@liveparallel.com
5%
F.Last@liveparallel.comJ.Doe@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 5 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 DUOUSD.

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 March 2025, 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 March 2025, Parallel has approximately 1K employees across 5 continents, including North AmericaAsiaEurope. Key team members include Chief Financial Officer: B. J.Chief Operating Officer: L. F.Chief Financial Officer: J. I.. 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 InformaSalesforcePostmanMariaDBBabelMagentoCloudflare Bot ManagementFedEx.

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 March 2025, Parallel has raised $10M in funding. The last funding round occurred on Dec 08, 2022 for $10M.

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
DUOUSD
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 in the amount of $10M.

  • $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 in the amount of $10M.

  • $100M$1B

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

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