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，由口香糖继承人小威廉·“博”·瑞格利领导。和Ceres Acquisition Corp.(场外交易市场代码：CERAF)，一家特殊目的收购公司，经过几个月的谈判，共同结束了他们价值10亿美元的合并交易。
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.
这两家公司终止了他们的业务合并，这是在2月份宣布的，根据最近的声明，箭牌的MSO上市计划就此结束。
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.
当时，Parallel表示，根据与音乐大亨“滑板车”布劳恩的Ceres收购公司的交易，同意以19亿美元的价格出售后，该公司将上市。
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为首的一群投资者同意通过2.25亿美元超额认购的私募股权投资参与交易。
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，合并后的实体在完成交易时将拥有4.3亿美元的现金余额，2021年的净收入将达到4.47亿美元，除了运营包括佛罗里达州、宾夕法尼亚州、马萨诸塞州、德克萨斯州和内华达州在内的五个州的42家实体药房。
The companies didn't provide a reason for calling off the merger, Marijuana Business Daily writes.
《大麻商业日报》写道，两家公司没有提供取消合并的理由。
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，据路透社(Reuters)援引匿名消息人士的话说，“几位投资者对Parallel在2月份宣布合并时提供的宏伟财务预测的能力失去了信心。”
Photo: Courtesy of Karolina Grabowska from Pexels
图片来源：来自Pexels的卡罗琳娜·格拉博斯卡(Karolina Grabowska)