A Pennsylvania judge has ordered the dissolution of a heavily indebted, state-licensed medical marijuana company that was once part of former chewing-gum magnate William “Beau” Wrigley Jr.’s fledgling cannabis empire.
Allegheny County Court of Common Pleas Judge Christine Ward issued the dissolution of Goodblend Pennsylvania on Aug. 21, according to Green Market Report.
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The judge’s order, first reported by Law360, is the latest marijuana-sector setback for Wrigley and his former company.
Wrigley took over as the CEO of Florida-based cannabis company Surterra Wellness in 2018.
Rebranded as Parallel, the company expanded to five states, including Florida and Massachusetts as well as Pennsylvania, where the company opened retail dispensaries under the Goodblend brand beginning in 2021.
Wrigley stepped down as Parallel’s CEO in November 2021 after the collapse of a plan to take the company public via a special purpose acquisition company.
Wrigley’s erstwhile investors later sued
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