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Email me when back in stock. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. from Outside Magazine 420 Strain Mango Kush, Sweetwater Brewing Company (Courtesy Sweetwater Brewing Company) Sweetwater launched its first iteration of the 420 Strain line... June 26, 2019 500 Waterways, 1 Way We’re Kickin’ Plastic This Summer. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? After graduation in 1993, Bensch moved to California to study at the American Brewers Guild, while McNerney went on to work in several breweries in Colorado and California, including Rockies Brewing Company, Avery Brewing Company and Mammoth Brewing Company. × Get Notification . SweetWater currently has distribution in 27 states plus the District of Colombia. In early 2018, SweetWater debuted the 420 Strain Series of beers using terpenes (organic smell compounds) isolated from various famous cannabis strains. On Nov. 4, Aphria announced its acquisition of SweetWater Brewing Company, a U.S.-based craft brewery, for $300 million or roughly 12.5 times adjusted EBITDA. Eco Six Pack Innovators - Ocean Lovers we protect the ocean with every dollar we can and use our growth to continue expand the ocean awareness. The deal saw Aphria acquire SweetWater Brewing with a mix of cash and stock. © 2020, Nasdaq, Inc. All Rights Reserved. Aphria Inc. is buying SweetWater Brewing Company for $300 million. Collect 15.45 Loyalty Points from this purchase. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. SweetWater Brewery Outfitters. SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. The Ontario-based cannabis company detailed a … Tracey S. Corporate Reception . LEAMINGTON, ON, Nov. 30, 2020 /PRNewswire/ - Aphria Inc. ("Aphria", "we" or the "Company") (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, announced it has closed the accretive, strategic acquisition (the "Acquisition") of SW Brewing Company, LLC ("SweetWater Brewing Company" or "SweetWater… Aphria Inc. Yes! Have a confidential tip for our reporters? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. You too can be the proud owner of our Big Kahuna's favorite hat. Enter up to 25 symbols separated by spaces. SweetWater’s management team and approximately 125 employees will remain with the company. The 158,000 square foot building is leased, and the lease expires in 2040. Aphria Inc. It’s the first major deal in the cannabis industry involving craft beer. Additionally, SweetWater is eligible to receive up to $66 million of additional cash under an … The company, whom has a brewery located in Atlanta, Georgia, currently is said to distribute through roughly 29,000 retail locations. SweetWater's beers are unpasteurized and distribution is limited to select states. SaltWater Brewery is a Microbrewery in Delray Beach in South Florida serving Quality Craft Beer. Aphria Inc. is buying SweetWater Brewing Company for $300 million. Beer companies are suffering from closed bars during Covid lockdowns and as ready-to-drink canned cocktails and hard seltzers like Truly and White Claw are eroding their market share. SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. Founded in 1997 by Freddy Bensch, SweetWater Brewery has grown distribution across 27 states and is currently available on all Delta Airlines flights nationwide. The 158,000 square foot building is leased, and the lease expires in 2040. SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. Canadian-based cannabis company Aphria announced that it will buy the iconic Atlanta craft brewer SweetWater Brewing Company. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

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