Parallel is going to invest $25 million dollar in a new state-of-the art cannabis cultivation, production and retail facility in Texas. The planned 63,000 square-foot facility is expected to create hundreds of new jobs in the San Marcos region.
"With our $25 million dollar investment and name change to goodblend, we are strengthening our Texas roots to meet the needs of cannabis patients for the long term. We see high growth potential in the Texas cannabis market as every day more Texans choose cannabis to help improve their quality of life," said William "Beau" Wrigley Jr., Chairman and CEO for Parallel. "The goodblend brand promise is to make customers feel so good about their experience that they come back again and again. The ethos of goodblend is based on Parallel's commitment to compliance, quality, consistency and innovation, and on our actions to improve diversity, inclusivity and economic empowerment in the cannabis industry and to be a great employer and local community partner."
"We are thrilled to break ground today on our new facility in San Marcos. We look forward to creating economic empowerment opportunities in this community through new jobs and cannabis career-building programs," said Marcus Ruark, President of goodblend Texas. "We are encouraged that there is a growing recognition, trust and demand for our medical cannabis products in Texas. While our customers will now know us as goodblend Texas, we will continue to offer registered patients with the state's largest assortment of cannabis-based product formats."