BNN Bloomberg | Aphria dives into U.S. beer market, buying SweetWater in US$300M deal
November 4, 2020
Canadian pot giant Aphria Inc. is making its first trip south of the border after announcing plans to buy craft brewery SW Brewing Company LLC for approximately US$300 million. During a conference call with analysts late Wednesday, CEO Irwin Simon said the deal will open the door for Aphria’s various brands to be introduced to the U.S. market. He added that he could work with the SweetWater team to develop THC beverages for the Canadian recreational cannabis market.
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