Parallel

Parallel is a U.S. cannabis business whose vertically integrated operations have combined cultivation, manufacturing, and retail distribution. Its historical regional portfolio includes Surterra Wellness in Florida, Goodblend in Texas, and New England Treatment Access in Massachusetts, serving state-regulated cannabis markets through branded retail and production operations.

On July 27, 2026, CDXX TransCo, LLC acquired specified equity interests and assets associated with Parallel operations in those three states through a consensual strict foreclosure. The acquired footprint comprised 56 retail locations and three cultivation and manufacturing facilities. The transaction restructured legacy creditor claims into debt and equity interests in the buyer, with SNDL holding indirect economic exposure through its Sunstream joint venture.