San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M

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Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars).

In a news release, the Toronto-based company said the deal’s terms included $73.7 million in cash plus another $44.7 million worth of stock.

In return, TerrAscend will receive: Three retail shops in San Francisco. A vertically integrated operation in Nevada, including an Apothecarium in Las Vegas. Edibles manufacturing brand Valhalla Confections, which also has a footprint in the

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