Ryan Hudson co-founded The Apothecarium in San Francisco in 2011.
On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth.
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.
Others have listed their companies on the Canadian Securities Exchange to raise capital to fund
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