Greenberg, Manatt Aid William Wrigley-Led Cannabis SPAC Merger

Feb. 24, 2021, 11:55 AM UTC

Greenberg Traurig is advising Parallel Inc., an Atlanta-based cannabis producer headed by a chewing gum billionaire William “Beau” Wrigley Jr., on its merger with a Canada-based special purpose acquisition corporation.

Manatt, Phelps & Phillips and Canadian firm Stikeman Elliott are advising the SPAC, Ceres Acquisition Corp., according to a statement.

Toronto-based Aird & Berlis is also advising Parallel, whose chairman and CEO Beau Wrigley is the former CEO of the Wm. Wrigley Jr. Co., the chewing gum company bought by Mars for $23 billion in 2008.

“This transaction will enable Parallel to accelerate existing investments to transform not only our ...

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