A Pennsylvania state court has ruled for the dissolution of Gooblend Pennsylvania LLC, a subsidiary of Parallel, a prominent cannabis operator.

$5.8 Million Rent Default In Legal Battle

The court order, disclosed on August 24, resulted from Goodblend's failure to pay $5.8 million in rent and penalties to its landlord, Innovative Industrial Properties Inc. (NYSE: IIPR).

This legal clash saw Surterra Holdings, the majority owner of Goodblend, seeking dissolution due to operational challenges, while Medical Bloom Inc., the minority …

Full story available on Benzinga.com

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