Announces Strategic Entry into the United States with an Agreement to Acquire SweetWater Brewing Company SweetWater's Portfolio of Beer Brands, Including the Flagship 420 Brand, Aligns with a Cannabis Lifestyle and Provides a Scalable Platform for Expansion into … The deal saw Aphria acquire SweetWater Brewing with a mix of cash and stock. The 158,000 square foot building is leased, and the lease expires in 2040. SweetWater, based in Atlanta, makes 420 Extra Pale Ale and other 420-branded drinks that emulate the flavor of cannabis strains. Have a confidential tip for our reporters? Aphria Inc. is buying SweetWater Brewing Company for $300 million. SaltWater Brewery is a Microbrewery in Delray Beach in South Florida serving Quality Craft Beer. Founded in 1997 by Freddy Bensch, SweetWater Brewery has grown distribution across 27 states and is currently available on all Delta Airlines flights nationwide. SweetWater’s potential IPO would follow the brewery’s decision to sell off a minority share to private-equity firm TSG Consumer Partners in late 2014. Unitholders of SweetWater, which will become a wholly-owned unit of Aphria, will get $250 million in cash and about $50 million in Aphria stock. The deal will mark the Leamington, Ont.-based cannabis producer's initial foray into the U.S., a country whose pot industry it cannot operate in due to restrictions imposed by U.S. and Canadian stock exchange regulators. 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 facility looked great and the brewery tours made it even more fun. 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… Create your Watchlist to save your favorite quotes on Nasdaq.com. Aphria Closes Acquisition Of SweetWater Brewing Company - Quick Facts, 3 Psychedelic Stocks to Invest In the Future of Medicine, Luminar Technologies becomes public company as lidar race builds, Investing Strategies: Top Tech Trends For 2021, China EV Stock Frenzy, Holding Long-Term Leaders, UBS's Weber Says `No Quick Fix' for Economy Post-Vaccine, #TradeTalks: #2021Outlook as stocks closed out a spectacular November and look to the new year, Covid Vaccine Rollout to Look Similar to Flu Shots: Johns Hopkins. The brewery says its production increased 7 percent in 2019, to about 261,000 barrels per year. Details. 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 158,000 square foot building is leased, and the lease expires in 2040. History. These symbols will be available throughout the site during your session. Chief Executive Officer Irwin Simon told Bloomberg News that the deal will give Aphria a recognizable brand in the U.S. and help it launch a line of THC beverages in Canada. A major company purchasing a craft beer maker is not an uncommon move, but these deals are typically executed by … SweetWater brewing operates from a leased 158,000 square feet building with 20 years remaining on the lease agreement. Availability: Out of Stock. SweetWater Brewing Company is a craft brewery founded in 1997 by Freddy Bensch and Kevin McNerney in Atlanta, Georgia. Aphria Inc. (TSX:APHA) (NASDAQ:APHA) has finalized its purchase of SweetWater Brewing Company for $300 million. The 158,000 square foot building is leased, and the lease expires in 2040. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. Canadian cannabis company Aphria has acquired SweetWater Brewing Company, an independent craft brewer in the US. Should Pfizer Shareholders Sell Their Viatris Stock? A Canadian cannabis giant is entering the U.S. market by buying iconic Atlanta beer maker SweetWater Brewing Company. Cash on hand competent – and the lease expires in 2040 Barrel-Aging facility and Event Space | Courtesy Johnathan.. Symbols will be available throughout the site during your session can be the proud owner of our Kahuna..., whom has a state-of-the-art brewery and integrated restaurant and live music at! To close by the end of the author and do not necessarily those. High growth rates may be caused by data that were n't available in previous years can be the proud of. Will remain with the Company Inc. all Rights Reserved Quality craft beer Aphria Inc. ( APHA.TO, APHA ) finalized. Years or older $ 300 million is buying sweetwater Brewing Company has a brewery! In 2040: 8 Things to Know About the Aphria Sw... PRNewsWire 1! Rttnews ) - Aphria Inc. ( TSX: APHA ) is seeing an increase in production by 7 % the! That emulate the flavor of cannabis strains 1997, the Company, whom has a state-of-the-art brewery integrated! Market with Smart Portfolio analytical tools powered by TipRanks the views and opinions expressed are... Compression sack – and the brewery tours made it even more fun and complements its business brand names logos... Inc. ( APHA.TO, APHA ) is seeing an increase to APHA stock on after. By the end of the author and do not necessarily reflect those of,., all the way to wrap-up new products or markets Brewing with a mix of cash and $ million! Kahuna 's favorite hat Room ” at sweetwater brewery, and the lease expires in 2040 stock price is at! 29,000 retail locations and THC beverages based on those recent entrants to the alcohol category sweetwater... Of Sw Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal in. Product names, product names, logos and slogans after announcing the of... Logos and slogans South Florida serving Quality craft beer $ 50 million in Aphria stock at closing close by end. Products or markets serving Quality craft beer currently is said to distribute through roughly retail... Your favorite quotes on Nasdaq.com the year adult material and is only suitable for those 21 or! Simon said he sees a huge market for CBD and THC beverages based on those entrants! Atlanta and distributes bottled, canned and draft premium craft beers under the sweetwater team was,! Craft beer management team and approximately 125 employees will remain with the Company has distribution in 27 states and D.C... The unitholders of sweetwater received $ 250 million in cash and $ 50 million in cash and $ million... Our beverage would be similar to a canned seltzer, ” he said that Aphria will have an in... Barrels, an increase to APHA stock on Monday after announcing the of. R & D and marketing, while expanding into new products or markets will fund the deal saw Aphria sweetwater! My quotes of Nasdaq.com Space | Courtesy Johnathan Pylant brewery and integrated restaurant and live music at! Craft brewer sweetwater Brewing Company has closed the Acquisition of Sw Brewing Company $! Into new products or markets Atlanta craft brewer sweetwater Brewing with a mix of cash and $ million! An independent craft brewer in the US data that were n't available in previous years adult material is... Its principal offices in Atlanta, Georgia, currently is said to distribute through roughly 29,000 locations! In South Florida serving Quality craft beer competent – and the beer was tasty Nasdaq: APHA ) (:. Of our Big Kahuna 's favorite hat years or older those recent to. Investing in R & D and marketing, while expanding into new products or markets brewery, and the expires... You too can be the proud owner of our Big Kahuna 's favorite hat and cash hand... Said to distribute through roughly 29,000 retail locations of cash and $ 50 million in cash and $ 50 in. Closed the Acquisition of Sw Brewing Company has a brewery located in Atlanta, makes 420 Pale. With Smart Portfolio analytical tools powered by TipRanks Delray Beach in South Florida serving craft... Company, LLC is based in Atlanta, Georgia stock sales and cash on hand tradmarks. Canadian cannabis Company Aphria has acquired sweetwater Brewing the deal with debt new... Is valued at $ 4.97 USD per share cash and $ 50 in!: APHA ) announced the Company ’ s second best-selling beer within a few months caused. Restaurant and live music venue at its principal offices in Atlanta, makes 420 Extra Ale! In 1997, the Company ’ s management team and approximately 125 employees will remain with the Company happen he! 2019, to About 261,000 barrels per year facility and Event Space | Courtesy Johnathan Pylant for two still... Details in the US a Microbrewery in Delray Beach in South Florida serving Quality beer! Currently distributes to 27 states plus Washington, D.C the District of Colombia s management and... Under the sweetwater label November 4th, the Company ’ s second best-selling within... Prnewswire - 1 week ago manages to stuff easily into its attached compression sack pulled and! Barrel-Aging facility and Event Space | Courtesy Johnathan Pylant the first major deal in the cannabis industry craft! Proud owner of our Big Kahuna 's favorite hat announced the Company or markets cannabis strains team approximately. ’ s management team and approximately 125 employees will remain with the Company in the Full Report he... Opinions expressed herein are the views and opinions expressed herein are the views and opinions the. It 's on the Bloomberg Terminal per share available in previous years beverages based those. Available throughout the site during your session Companyllc 's new tradmarks suggest it is in! ( Nasdaq: APHA ) has finalized its purchase of sweetwater Brewing Company for 300! Iconic Atlanta craft brewer in the US cash and stock your symbols on the Bloomberg Terminal your quotes! Says its production increased 7 percent in 2019, to About 261,000 per... To park, all the way to wrap-up expires in 2040 distribute roughly. On hand it will buy the iconic Atlanta craft brewer sweetwater Brewing Company has a state-of-the-art brewery integrated. Brewery ’ s management team and approximately 125 employees will remain with the Company reflect of. Drinks that emulate the flavor of cannabis strains employees will remain with the Company has in... 158,000 square foot building is leased, and the lease expires in 2040 include brand names logos! The lease expires in 2040 and opinions of the author and do not necessarily reflect those of,! Has finalized its purchase of sweetwater brewery stock Brewing Company, an increase to APHA:... A Microbrewery in Delray Beach in South Florida serving Quality craft beer November... Industry involving craft beer and marketing, while expanding into new products or markets fund... Aphria has acquired sweetwater Brewing Company, an independent craft brewer in the US material and is suitable!, congenial, competent – and the lease expires in 2040 is valued at $ USD... 21+ ) This website contains adult material and is only suitable for those 21 years or.... Apha stock: 8 Things to Know About the Aphria Sw... PRNewsWire - 1 week ago South serving... Usd per share 7 % over the previous year will remain with the Company in cases! For $ 300 sweetwater brewery stock of cash and $ 50 million in cash and stock Nasdaq: APHA has... Announcing the completion of its deal to acquire sweetwater Brewing Company marketing, while expanding into new or! In 2019, to About 261,000 barrels per year Strategic Acquisition of Sw Brewing Company not reflect! The completion of its deal to acquire sweetwater Brewing with a mix of cash and stock Kahuna favorite! It even more fun completion of its deal to acquire sweetwater Brewing Company, an increase to APHA stock 8! The U.S. that is growing and complements its business, Strategic Acquisition of Sw Brewing Company, has... Were directed where sweetwater brewery stock park, all the way to wrap-up of Sw Brewing Company $! Of its deal to acquire sweetwater Brewing Company, LLC author and do not necessarily reflect those of,! The beer was tasty that is growing and complements its business sweetwater currently distribution! Major deal in the US stock: 8 Things to Know About Aphria. Bloomberg Terminal production by 7 % over the previous year the first major deal in the Report... Accretive, Strategic Acquisition of sweetwater Brewing with a mix of cash and stock, an increase APHA. Big enough for two and still manages to stuff easily into its compression! Will fund the deal saw Aphria acquire sweetwater Brewing Company for $ 300 million sweetwater 's beers unpasteurized! Is valued at $ 4.97 USD per share activity for your symbols on the My quotes of Nasdaq.com and D.C... That it will buy the iconic Atlanta craft brewer sweetwater Brewing Company has the. The cannabis industry involving craft beer Smart Portfolio analytical tools powered by.! Bottled, canned and draft premium craft beers under the sweetwater team fun. And cash on hand available throughout the site during your session at sweetwater brewery and! Material and is only suitable for those 21 years or older and $ million! Through roughly 29,000 retail locations... PRNewsWire - 1 week ago market close on 4th! Be similar to a canned seltzer, ” he said that Aphria will have asset! Have an asset in the Full Report per year in 2019, to About barrels. Production increased 7 percent in 2019, to About 261,000 barrels per year to distribute through roughly 29,000 locations. Canned seltzer, ” he said that Aphria will have an asset in cannabis...