© 2020 Benzinga.com. They've got free shipping, free tech support, easy payment plans, and the most knowledgable sales staff in the industry. EASTWEST BIOSCIENCE INC by EastWest Bioscience Inc. SUGARBUD CRAFT GROWERS CP by Sugarbud Craft Growers Corp. CANADA HOUSE WELLNESS GRP by Canada House Wellness Group Inc. Skylight Health Group Inc Ordinary Shares. 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 deal is expected to close by the end of 2020. In early 2018, SweetWater debuted the 420 Strain Series of beers using terpenes (organic smell compounds) isolated from various famous cannabis strains. This adventurous golden blonde German style pilsner is brewed with a mad hatter’s dose of spicy floral hops. 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 pickup of SweetWater will diversify the company’s revenue mix, as well as open up massive cross-selling opportunities in both U.S. and Canada. Rumors have circulated around the Atlanta beer scene for years about a potential SweetWater Brewing sale. Host an event at the brewery Send us a request to book at one of our three event spaces, The Tasting Room, The Reel Room and The Woodlands. SweetWater recently named a new CEO, having promoted Kim Jones from chief financial officer to the head of the brewery. G13 IPA was the inaugural release and was the brewery’s second best-selling beer within a few months. As of market close on November 4th, the company’s stock price is valued at $4.97 USD per share. Another top-50 craft brewery has sold a piece of its business to private equity. TD Ameritrade, Inc. and Accretive Capital LLC are separate, unaffiliated companies and are not responsible for each other’s services and products. Founder Freddy Bensch had been in town from his home in Telluride, Colorado this week. According to Aphria, SweetWater’s management team will remain in place, along with 125 brewery employees. You found us! As of market close on November 4th, the company’s stock price is valued at $4.97 USD per share. The brewery has distribution in 27 states and Washington D.C. SweetWater beverages can be found in approximately 29,000 off-premise retail locations and more than 10,000 restaurants and bars. Bensch will remain CEO of SweetWater, reporting to Irwin D. Simon, CEO of Aphria, Inc. Aphria, Inc (Nasdaq: APHA) is a leading world medical cannabis company, founded in 2013. SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. SweetWater Brewing Company was founded in 1997 and currently has distribution in 27 states. Never miss out on the breaking news in the Cannabis Industry! IPA, G13 IPA … Free shipping on orders of $35+ or same-day pick-up in store. You found us! Apha stock predictions, articles, and aphria inc … Atlanta-based SweetWater Brewing Company has been acquired by Aphria Inc., a cannabis company. SweetWater will be available in 27 states with Western Expansion Eagle Rock Distributing Company of Colorado to Service 75% of Market with Tasty Brews 420 Extra Pale Ale, H.A.Z.Y. The fact it’s ultimately a cannabis company involved in the acquisition is surprising to many. This acquisition is Aphria’s first venture in the United States. Shop Target for SweetWater Brewing Company Craft Beer you will love at great low prices. Closes Accretive, Strategic Acquisition of Sweetwater Brewing Company Published: Nov. 30, 2020 at 6:32 a.m. Acreage Holdings Inc Ordinary Shares (Sub Voting), ALLIANCE GROWERS CORP ORD by Alliance Growers Corp, New Bill Could Net More Tesla, Ford And GM EV Buyers A $7,000 Tax Credit, In The EV Revolution The Battery Will Be The Key Competitive Differentiator, Why Sos, Canaan, Ebang, Riot Blockchain, Marathon Patent Stocks Are Surging Today, Tesla Denies Development Of $25,000 Model 2 Vehicle In China: cnEVpost, Mark Zuckerberg Told Facebook Staff In 2018 To 'Inflict Pain' On Apple: Report, Do Not Sell My Personal Data/Privacy Policy. The Ontario-based cannabis company detailed a few strategic and economic advantages that could come up from this deal, with the most important one being the simple and fast access to the U.S. market in case of federal legalization. "We look forward to expanding our addressable market and leveraging SweetWater’s existing infrastructure to accelerate Aphria’s entry into the U.S. ahead of federal legalization of cannabis to fuel sustainable profitable growth," Simon added. In 2020 SweetWater was acquired by Aphria Inc., (TSX: APHA and Nasdaq: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life. Sweetwater is one of the largest pro audio dealers in the world, offering a huge selection of music instruments and audio gear. Advertiser Disclosure: + SweetWater's most popular beer, SweetWater 420 Extra Pale Ale, named after the date it was first brewed (April 20), soon followed. Or, call us 404.691.2537 . All rights reserved. We have wearables, glassware, and so much other gear! The main goal of 420 Investor is to provide real-time, objective information about the top marijuana companies in the market in order to help investors capitalize on cannabis. “We are excited to take this significant step forward to build upon our existing foundation in cannabis with the acquisition of SweetWater and their complementary cannabis lifestyle brands. G13 IPA was the inaugural release and was the … Upon closing, SweetWater Brewing Company will be a wholly-owned subsidiary of Aphria, Inc. SweetWater receives $250 million in cash plus $50 million in Aphria stock. The deal saw Aphria acquire SweetWater Brewing with a mix of cash and stock. Alan Brochstein’s 420 Investor is the go-to community for investors to learn, explore, and profit from the marijuana companies. Take Two Pils is a step into an alternate reality for SweetWater, a head-first dive down the rabbit hole into the Wonderland world of lagers. SweetWater Take Two Pilsner. According to the company’s 2019 annual report, Aphria has cultivation licenses in 10 countries, including Canada, Italy, Germany, and South Africa. Show your love for SweetWater by shopping our online store, or come in to the brewery! Benzinga does not provide investment advice. Under the deal, unitholders of SweetWater obtained $250 million in cash, funded from Aphria’s cash on hand, and $50 million in the company stock at closing. Editorial Disclosure: Reviews are as determined by Benzinga Money. Tap here to search for stock quotes, ... Georgia-based SweetWater Brewing Company for a purchase price of approximately US$300 million including US$250 million in cash and the rest in stock… Aphria (NASDAQ:APHA) is reaching across the border for a new acquisition. For $8 (cash only! ET SweetWater Brewing, or SW Brewing Company LLC, is among the largest craft brewers — volume-wise — in the U.S., operating both nationally and internationally. (RTTNews) - Aphria Inc. (APHA.TO, APHA) announced the company has closed the acquisition of SW Brewing Company, LLC. We have wearables, glassware, and so much other gear! SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. Additionally, SweetWater is eligible to receive up to $66 million of additional cash under an earnout through the end of the calendar year 2023. Delivery & Pickup Options - 478 reviews of SweetWater Brewing Company "The best place to be on Wednesday through Fridays! The “420 Strain” brands are the central focus of Ontario based Aphria, which started with 420 Strain G13 IPA. The company also welcomed SweetWater founder Freddy Bensch to its management team. SweetWater Brewing Co. celebrated 23 years of heady brews in 2020 and is a top 15 craft brewery in the nation, according to Brewers Association. ), you get a pint glass and three tickets to try out their brews. The company, which was acquired by Canadian cannabis giant Aphria Inc. (TSX:APHA) (NASDAQ:APHA) in … Aphria Sweetwater - Canadian Cannabis Aphria Plans To Acquire Atlanta Based Brewery Sweetwater Brewing Company Eater Atlanta / Aphria spoke with several potential partners earlier in the year.. Download the sweetwater app now — free for android & ios. The Sweetwater Brewery, also known as the Green River Brewery, was built in 1900 in Green River, Wyoming.The present structure is the surviving remnant of a three-building complex comprising an office/saloon, engine house, and the present brewery building. 0%, detailed a few strategic and economic advantages, Invesco S&P 500 Equal Weight Industrials Portfolio, INNER SPIRIT HOLDINGS ORD by Inner Spirit Holdings. The 158,000 square foot building is leased, and the lease expires in 2040. Beer Street Journal has one of the largest online collections of original content dedicated to covering beer culture, education, and the advancement of the beer industry. With thousands of articles, millions of unique visitors, and exposure in over 200 countries, Beer Street Journal is paving the way to enabling category growth, engaging a broader consumer base, and promoting better tasting beer for years to come. SweetWater manufactures and distributes bottled, canned and draft premium craft beers under the SweetWater brand. The acquisition marks Aphria’s effort to capitalize on the burgeoning U.S. cannabis market. By Phil W. Hudson Jul 27, 2015, 10:22am EDT The level of … Press Release Aphria Inc. It has some U.S. exposure through the acquisition of SweetWater, a craft brewery. For example, Cronos acquired a U.S. CBD company called Redwood for US$300M, the same price as SweetWater, and the business just reported US$1.6M in sales last quarter! SweetWater sold nearly 190,000 barrels in 2014, a 24 percent increase from 2013, according to market data. Aphria Inc. (TSX:APHA) (NASDAQ:APHA) has finalized its purchase of SweetWater Brewing Company for $300 million. SweetWater Brewing Company is an Atlanta-based craft brewery living by the motto “Don’t Float the Mainstream!” In 2020, SweetWater was acquired by Aphria Inc., (TSX: APHA and Nasdaq: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life. GLOBAL HEALTH CLINICS LTD by Global Health Clinics Ltd. MOJAVE JANE BRANDS INC by Mojave Jane Brands Inc. Creature Comforts Table Beer returns ahead of Thanksgiving, Wild Heaven & Bulleit’s first collaboration was worth the wait, Wild Heaven debuts a rare collaboration with Bulleit Bourbon, SweetWater Brewing acquired by cannabis company Aphria, Yuengling Hershey’s Chocolate Porter is chocolate perfection, PBR launches second hard coffee offering for National Coffee Day, Founders KBS Maple Mackinac Fudge is coming in October. In 2002 SweetWater won Small Brewery of the Year at the Great American Beer Festival in Denver. SweetWater Brewing Co. celebrated 23 years of heady brews in 2020 and is a top 15 craft brewery in the nation, according to Brewers Association. Most employees were not informed of the acquisition until the press release hit the newswire. Pilsner | ABV: 5.5. In early 2018, SweetWater debuted the 420 Strain Series of beers using terpenes (organic smell compounds) isolated from various famous cannabis strains. As of market close on November 4th, the company’s stock price is valued at $4.97 USD per share. The acquisition marks Aphria’s effort to capitalize on the burgeoning U.S. cannabis market. The acquisition marks Aphria’s effort to capitalize on the burgeoning U.S. cannabis market. Cannabis Watch Canadian cannabis company agrees to buy U.S. craft-beer maker Sweetwater, known for its ‘420’-branded brews Last Updated: Nov. 5, … Aphria also noted that the combined company is expected to yield between CA$650 million ($498 million) and CA$675 million of annualized pro-forma net revenue. Together, our company will further diversify our product offering, broaden our consumer reach and enhance loyalty with consumers,” Aphria CEO Irwin Simon said. Aphria Inc. (TSX:APHA) (NASDAQ:APHA) has finalized its purchase of … Two years later, SweetWater hosted the World Beer Cup, an international brewing competition. Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers. 5 states legalized cannabis as a result of this week’s elections. SweetWater Brewing Co. products are reaching Colorado. This saw it offering a total of $250 million in cash and $50 million in APHA stock to investors in SweetWater … As of 2019, the brewery was ranked 14th in volume nationally by the Brewer’s Association. 0.00, + Its portfolio of brands is in tune with a cannabis lifestyle, according to Aphria. Aphria states the $300 million dollar acquisition will position the company with a platform and infrastructure within the states to access the U.S. market should cannabis be federally legalized in the future. About SweetWater Brewing Company. Show your love for SweetWater by shopping our online store, or come in to the brewery! The stock premiered on the NYSE on the last day of August, at a price of $23.10, and in the IPO the company raised $1.5 billion. We’re an experienced team that is looking for a smart, driven, self-starter who has a high-level awareness to anticipate things that need to be done or comes up with new ideas to improve the product experience for our users. They have a gorgeous new tasting room, but when the weather's nice you can hang outside with your favorite four-footed friend (on-leash of course) and enjoy live music as well.
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