Beau Wrigley's Marijuana Firm Parallel And Scooter Braun's SPAC Pull The Plug On Billion Dollar Merger Deal
Beau Wrigley's Marijuana Firm Parallel And Scooter Braun's SPAC Pull The Plug On Billion Dollar Merger Deal
Cannabis 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.
大麻公司平行的，由口香糖繼承人小威廉·“博”·瑞格利領導。和Ceres Acquisition Corp.(場外交易市場代碼：CERAF)，一家特殊目的收購公司，經過幾個月的談判，共同結束了他們價值10億美元的合併交易。
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.
這兩家公司終止了他們的業務合併，這是在2月份宣佈的，根據最近的聲明，箭牌的MSO上市計劃就此結束。
At the time, Parallel said it was going public after agreeing to a $1.9 billion sale under the deal with the music mogul "Scooter" Braun's Ceres Acquisition Corp.
當時，Parallel表示，根據與音樂大亨“滑板車”布勞恩的Ceres收購公司的交易，同意以19億美元的價格出售後，該公司將上市。
In addition, a group of investors, led by Ceres and Parallel, agreed to take part in the transaction via a $225 million over-subscribed private investment in public equity.
此外，以Ceres和Parallel為首的一羣投資者同意通過2.25億美元超額認購的私募股權投資參與交易。
As earlier stated, the combined entity would have had a $430 million cash balance at closing and net revenues of $447 million in 2021, in addition to operating 42 brick-and-mortar dispensaries across five states, including Florida, Pennsylvania, Massachusetts, Texas and Nevada.
如前所述，合併後的實體在完成交易時將擁有4.3億美元的現金餘額，2021年的淨收入將達到4.47億美元，除了運營包括佛羅里達州、賓夕法尼亞州、馬薩諸塞州、德克薩斯州和內華達州在內的五個州的42家實體藥房。
The companies didn't provide a reason for calling off the merger, Marijuana Business Daily writes.
《大麻商業日報》寫道，兩家公司沒有提供取消合併的理由。
However, according to Reuters, quoting anonymous sources, "several investors had lost confidence in Parallel's ability to deliver on lofty financial projections it provided in February when the merger was announced."
然而，據路透社(Reuters)援引匿名消息人士的話説，“幾位投資者對Parallel在2月份宣佈合併時提供的宏偉財務預測的能力失去了信心。”
Photo: Courtesy of Karolina Grabowska from Pexels
圖片來源：來自Pexels的卡羅琳娜·格拉博斯卡(Karolina Grabowska)