“We are thrilled to partner with IIP on this transaction, which enables Parallel to unlock previously untapped sources of growth capital from our real estate holdings to help drive our continued expansion in Florida as well as in other markets. As the premier real estate capital provider for the cannabis space, IIP is best positioned to support Parallel’s continued growth to enable us to continue to meet our customers’ needs by delivering a wide variety of consistent, high-quality cannabis products.”

Beau Wrigley, Jr., Chairman and CEO of Parallel