“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.
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.