“Two Bay Area cannabis dispensaries announced big deals this week with publicly traded Canadian marijuana companies. The Apothecarium, which operates three popular dispensaries in San Francisco and one in Las Vegas, accepted an offer of $118 million in cash and stock from TerrAscend, a cannabis company in Toronto.” Read or listen to the full story here.
“This week two major businesses – Oakland’s Harborside and San Francisco’s Apothecarium – announced deals with Canadian investors whose government considers cannabis as legit as Tim Hortons coffee.” Read the full story here.
“Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold out to Canadian companies or struck some form of partnership.” Read the full story here.
“Separately, the Apothecarium of San Francisco, which operates three dispensaries in the city and one in Las Vegas, agreed to sell itself for $118 million in cash and stock to TerrAscend, a Toronto cannabis producer licensed in Canada and some U.S. states.” Read the full story here.
On Tuesday, The Apothecarium — one of the Bay Area’s most venerable dispensaries — announced that Toronto biopharmaceutical and wellness company TerraAscend will buy it. In a statement, Apothecarium’s Chief Marketing Officer Eliot Dobris noted that $118 million deal will lay the groundwork for additional locations around the country. Read the full story here.
“The Apothecarium, one of the country's leading cannabis dispensaries, will be snapped up by TerrAscend in a deal that includes the chain's three Bay Area locations, a cultivation and edible manufacturing facility in Nevada, as well as edible product line Valhalla Confections. The Toronto-based biopharmaceutical and wellness company will pay $73.7 million in cash and TerrAscend voting shares worth about $44.7 million.” Read the full story here.
“Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars).” Read the full story here.
“The swanky San Francisco-based cannabis dispensary the Apothecarium has entered into an agreement to be acquired by a publicly traded Canadian corporation, making the dispensary's 200-plus employees among the first local industry workers to benefit from the corporate takeover of the cannabis industry.” Read the full story here.
“For my first dispensary field trip, it felt fitting to start in San Francisco’s Castro neighborhood, not far from where legendary activist Dennis Peron established the first cannabis dispensary in the 1990s at the height of the AIDs epidemic. From the window of The Apothecarium’s flagship store on Market Street, I could see the building where Peron allegedly drafted Proposition 215, the Compassionate Care Act, which ushered marijuana to its current legalized status in the State of California, through the medical back door.” Read the full story here.
“Across Las Vegas, flower remained the top seller as a whole, accounting for nearly 50 percent of all of the estimated over $700 million in marijuana sales, according to the Nevada Dispensary Association.” Read the full story here.
The Seattle cannagar is made by the company Leira, who developed a partnership to sell their high-end cannabis and pot products in Las Vegas. The company intends to sell less expensive, smaller versions of the cannagars publicly at other Vegas dispensaries including The Apothecarium, ShowGrow, Nevada Made and The Grove. Read the full story here.
“Right now, the only San Francisco dispensaries with more than one storefront are Harvest (on Geary and off Mission) and the Apothecarium (Marina, Castro, and South of Market). But a look at all of the businesses applying for new dispensary permits shows that some larger companies are applying for as many as five permits.” Read the full story here.
As we begin the first holiday season with legal cannabis, shelves are stocked with dozens of new gizmos for the pot aficionado on your list. We checked with the Apothecarium's boutique manager Marcella Sanchez, who said the retailer's gift boxes are a ‘fantastic value.’” Read the full story here.
“Located in the heart of the Castro District, the Apothecarium has managed to stand the test of time that is marijuana legalization. Since 2011, the Apothecarium in the Castro has remained an upscale medical-cannabis dispensary. Since the legalization of weed, it has transitioned successfully to a full-service dispensary, and two additional locations in the city (the Marina and SOMA) have popped up during its tenure. With a keen focus on community, the Apothecarium has donated over $350,000 to local nonprofits too. Finally, the Castro location won Architectural Digest’s award for best cannabis space in the country—can’t beat that.” Read the full story here.
“The Apothecarium, a San Francisco dispensary, is a prime location for newcomers to discover these answers. As Elliot Dobris, chief marketing officer, informed us they are focusing on chipping away at the stigma through education. ‘We’re working every day to change people’s impressions of what a dispensary could be,’ he says. ‘We hope others will do the same.’” Read the full story here.
“There are things about dispensary visitations that make people nervous, explains Kyle Shaughnessy of the Apothecarium, a popular dispensary in San Francisco's Castro neighborhood (with several other locations). Not long ago, he says, before cannabis was legal in California, people would come in, fearing the place was about to be raided by police. These days, though, the anxiety stems from other things.” Read the full story here.
“I love The Apothecarium in San Francisco’s Castro District. The space is open and inviting, complete with marble floors that feel luxurious without being too decadent. They even have a gallery space with a healthy rotation of artists.” Read the full story here.
“When I walked into the Apothecarium, my chosen shop, I found a pristine yet welcoming store….It felt like buying tea; I remember walking out thinking, ‘That's what it should feel like!’” Read the full story here.
“We aimed to build a dispensary where you can be proud to bring your mom,” said Ryan Hudson, co-founder and CEO of The Apothecarium in a statement. “Our goal is to put first-time visitors at ease with a beautiful atmosphere and friendly, knowledgeable staff. We’re excited to offer four days of discounts on four popular women-owned brands — that’s one way we want to support women in the cannabis industry.” Read the full story here.
"We have a lot to do to create safe rules for consumption," said Payan. "Those of us who work in the industry understand that, used properly, cannabis can provide a really wonderful experience. But we need more places where people can consume and learn how to use the products safely and appropriately. San Francisco can do better.” Read the full story here.