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New Deal


Announced

Parallel to acquire Windy City Cannabis for $155m.

Financials

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Transaction Value£111m
Consideration TypeContingent Deferred Consideration, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Pending

Single Bidder

Private

United States

Domestic

cannabis company

Pharmaceuticals

Friendly

Synopsis

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Parallel, a privately-held multi-state cannabis operator, to acquire Windy City Cannabis, a cannabis company, for $155m. "The Windy City retail brand provides a welcoming, neighborly ambiance and a dynamic dispensary experience to customers ranging from the cannabis connoisseurs to the newly curious. Parallel was the right choice to partner with because they share our focus on what cannabis can do to help improve the well-being of people's lives and our commitment to investing in the communities we serve. They also share our passion for customer service, high compliance standards and operational excellence," Steve Weisman, Windy City CEO.

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