SPAC scraps $1.9 billion marijuana deal to take Beau Wrigley’s Parallel public

MJBizDaily
By Jeff SmithOct 1, 2021, 2:49 pm297 pts
Chewing gum heir William “Beau” Wrigley Jr.’s marijuana multistate company Parallel and music mogul “Scooter” Braun’s Ceres Acquisition Corp. mutually called off their $1.9 billion blockbuster merger, gumming up Wrigley’s plans to take his MSO public. The companies didn’t provide a reason for…

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