P
Parallel
Cultivates, produces, and processes cannabis for medical purposes
About Parallel
LiveParallel.com is a startup that operates in the cannabis industry, focusing on enhancing well-being and quality of life through the use of cannabinoids. The company's mission is to pioneer wellness through responsible use of these substances, emphasizing rest, recovery, relief, and revelry.
Read full description
Parallel serves a diverse customer base, offering a range of high-quality cannabis products through its retail brands. The company operates 45 stores in Florida, 3 in Massachusetts, 2 in Pennsylvania, and a delivery service in Texas. It also has a joint venture with Cookies in Nevada.
The business model of LiveParallel.com is retail-based, with revenue generated through the sale of cannabis products. The company prides itself on providing a consistent and seamless customer experience, which encourages repeat business.
Parallel is committed to compliance, quality, and innovation in the cannabis industry. It also places a strong emphasis on diversity, inclusivity, and economic empowerment. The company aims to be a great employer and partner in local communities.
In addition to its retail operations, Parallel is also involved in technological innovation in the cannabis industry. It has launched the first cannabis-infused gummies for medical marijuana users in Texas, demonstrating its commitment to product innovation.
In summary, LiveParallel.com is a retail-based cannabis company that aims to enhance well-being through the responsible use of cannabinoids. It operates in several states, offering a range of high-quality products and a positive customer experience.
Latest news
Press, funding announcements and product moves mentioning Parallel.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Dec 2022 | $10M | — | Undisclosed | ↗ |
| LATE VCOther financing | Nov 2021 | $43M | $173M | G5 Capital · StartX | — |
Growth signals
Latest recorded traffic for Parallel is 5.9K monthly website visits, up 73.5% over the last three months. Parallel's team declined 0.9% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 AVIDA GlobalVertically integrated producer of medicinal cannabis oils |
London, United Kingdom | Operational | 30 | $6.1M | $20M |
 SunnivaDelivering safe, high-quality cannabis products |
Vancouver, Canada | Operational | |||
 JacanaCertified medical cannabis to provide natural relief for chronic pain and suffering |
Saint Ann's Bay, Jamaica | Operational | |||
 KanaFemBiotech & Life Sciences |
Ra'anana, Israel | Operational | |||
 Radient TechnologiesA manufacturer of high-quality cannabis derivatives, formulations and products |
Edmonton, Canada | Operational | |||
 Grass & CoPremium CBD and functional mushroom wellness products |
London, United Kingdom | Operational | |||
 MaitriProduces and dispenses quality medical marijuana products to patients who suffer from qualifying medical conditions and diseases |
Pittsburgh, United States | Operational | |||
 Eurox PharmaA company developing and manufacturing cannabis based medicines |
Nideggen, Germany | Operational |
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- NHNew World Health
Series B and later2 investors entered at this stage
- GCG5 Capital
StartX
Other known investors1 additional known investor
Poseidon Asset Management
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Parallel on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Parallel’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.