Beau Wrigley's Marijuana Firm Parallel And Scooter Braun's SPAC Pull The Plug On Billion Dollar Merger Deal

company Parallel, led by chewing gum heir William "Beau" Wrigley Jr. and Ceres Acquisition Corp. (OTCQX: CERAF), a special purpose acquisition corporation, have mutually ended their billion-dollar merger deal after months of negotiations.

The two companies terminated their business combination, which was announced in February, according to the recent announcement, thus ending  Wrigley’s plans to take his MSO public.

At the time, Parallel said …

Full story available on Benzinga.com

More Beau Wrigley's Marijuana Firm Parallel And Scooter Braun's SPAC Pull The Plug On Billion Dollar Merger Deal