Sunday - 11 - 6. As part of the deal, unitholders of SweetWater … Following news that the deal is complete, APHA stock has been seeing heavy trading. The company’s net revenue increased 96.3% year-over-year to $11.4 million for the third quarter ended September 2020. Ontario cannabis company Aphria has reached a deal to acquire Atlanta, Georgia-headquartered SweetWater Brewing Company for $300 million in cash and stock. Creating a new account is quick and easy. Aphria Inc, a leading Canadian cannabis company with a market capitalization of USD 1.2 billion which is listed on the Toronto Stock Exchange and NASDAQ, reported today it has closed the accretive, strategic acquisition of SweetWater Brewing Company, one of the largest independent craft brewers in the United States based on volume.. That’s higher than its average daily trading volume of 8.14 million shares. Copyright © SweetWater's beers are unpasteurized and distribution is limited to select states. Article printed from InvestorPlace Media, https://investorplace.com/2020/11/apha-stock-aphria-sweetwater-brewing-deal-details/. The 158,000 square foot building is leased, and the lease expires in 2040. Leamington, Ontario-based Aphria, a licensed cannabis producer with current approved capacity of 255,000 kg per year, announced on Wednesday an agreement to … quotes delayed at least 15 minutes, all others at least 20 minutes. All rights reserved. Taproom and patio are open. Sweetwater is one of the largest pro audio dealers in the world, offering a huge selection of music instruments and audio gear. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. Is SweetWater Brewing Company headed to Wall Street? The Canadian company notes that the acquisition of SweetWater Brewing gives it a strong entry point into the U.S. SweetWater Brewing Company was founded in 1997 and currently has distribution in 27 … Copyright © 2021 InvestorPlace Media, LLC. For the year ended December 31, 2019, SweetWater Brewing Company generated net revenue and adjusted EBITDA of $66.6 million and $22.1 million, respectively, and production volume increased 7% year-over-year to nearly 261,000 barrels, twice the growth rate of the craft beer market nationally, according to the Brewers Association. securities and exchange commission. SweetWater Brewing, or SW Brewing Company LLC, is among the largest craft brewers — volume-wise — in the U.S., operating both nationally and internationally. SWTWTR might be coming to a stock ticker near you . News & Press. Closes Accretive, Strategic Acquisition of Sweetwater Brewing Company Canada NewsWire LEAMINGTON, ON, Nov. 30, 2020 LEAMINGTON, ON, Nov. 30, 2020 /CNW/ - … SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. For the year ended December 31, 2019, SweetWater Brewing Company generated net revenue and adjusted EBITDA of $66.6 million and $22.1 million, respectively, and production volume increased 7% year-over-year to nearly 261,000 barrels, twice the growth rate of the craft beer market nationally, according to the Brewers Association. The stock is currently trading 6.6% below its 52-week high of $9.15. Aphria to Enter U.S. with $300 Million Cash and Stock Acquisition of SweetWater Brewing Company APHA Stock: 8 Things to Know About the Aphria SweetWater Brewing Deal, GME, AMC and DOGE: Stop Worrying and Love the Bubble >>> READ MORE, Louis Navellier and the InvestorPlace Research Staff, GME, AMC and DOGE: Stop Worrying and Love the Bubble, PayPal Is a Winner in the Digital Revolution, 7 Excellent Retirement Funds for Your Portfolio if You’re 50-Plus, Bitcoin Is Going to Crash. Leamington, Ontario-based Aphria, a licensed cannabis producer with current approved capacity of 255,000 kg per year, announced on Wednesday an agreement to … SweetWater currently has the best-selling newly released craft beer brand in the U.S., 420 Strain. A major company purchasing a craft beer maker is not an uncommon move, but … Aphria financed the cash component of the purchase price under the Agreement through available cash on hand, including the recently raised funds under its … washington, d.c. 20549 . With the expansion into Colorado, SweetWater’s award-winning lineup of year-round, seasonal and specialty beers will be available in 27 states, plus Washington, D.C. Additionally, SweetWater is eligible to receive up to $66 million of additional cash under an earnout through the end of the calendar year 2023. Ontario-based Aphria Inc. (NASDAQ: APHA) will purchase SweetWater for $300 million in a cash and stock transaction, the companies announced … ATLANTA–(BUSINESS WIRE)–SweetWater Brewing Company (“SweetWater”), based in Atlanta, GA and founded in 1997, today announced the launch of its brand in Colorado, bringing the company into its furthest western market to date. SweetWater Brewing, or SW Brewing Company LLC, is among the largest craft brewers — volume-wise — in the U.S., operating both nationally and internationally. Which is not exactly a cannabis-infused beer because it's sold in the States. 1125 N. Charles St, Baltimore, MD 21201. SweetWater Brewing Co. products are reaching Colorado. report of foreign private issuer pursuant to rule 13a-16 or 15d-16 under the securities exchange act of 1934 read more . The deal was previously announced by the company earlier this month. Find our brews in your neck of the woods, or order some online! Premium Company Report The Premium Sweetwater Brewing Companyllc Company Report contains critical information including: Revenue from previous years (2010 to present) Growth rate Estimated financials and profit margin Funding from Venture Capital and Private Equity firms Latest trademark applications Additional industries in which the company operates $89.95 Subscriptions. Max Blau-July 29, … Canadian cannabis company Aphria has acquired SweetWater Brewing Company, an independent craft brewer in the US. SweetWater Brewing Company is a craft brewery founded in 1997 by Freddy Bensch and Kevin McNerney in Atlanta, Georgia. 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. View Website. Atlanta’s largest brewery going public? As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. History. The Big Question Is When, 8 Cheap Stocks Under $20 That Could Double, Starting off, APHA makes sure to mention that the acquisition is. Today’s 100% $300 million cash and stock acquisition is the first entry in the US market for Aphria, which aims to build awareness around its brands, Broken Coast, Good Supply, Riff and Solei, in anticipation of the eventual federal legalization of cannabis in the US. Canadian cannabis giant Aphria is expanding into the U.S. with its $300 million acquisition of SweetWater Brewing Company, according to a release. Aphria Inc. is buying SweetWater Brewing Company for $300 million. SweetWater Brewing Company is one of the largest independent craft brewers in the United States (“U.S.”) based on volume. LEAMINGTON, ON, Nov. 30, 2020 /CNW/ - Aphria Inc. ("Aphria", "we" or the "Company") (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company inspiring and … CRON’s revenue from the United States increased 142.8% year-over-year to $1.6 million. Premium Company Report The Premium Sweetwater Brewing Companyllc Company Report contains critical information including: Revenue from previous years (2010 to present) Growth rate Estimated financials and profit margin Funding from Venture Capital and Private Equity firms Latest trademark applications Additional industries in which the company operates $89.95 Subscriptions. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. united states. By. Max Blau-July 29, … Nov 30, 2020 6:45AM EST (RTTNews) - Aphria Inc. (APHA.TO, APHA) announced the company has closed the acquisition of SW Brewing Company, LLC. Here’s what investors need to know about Aphria’s acquisition of SweetWater Brewing. Saturday - 12 - 10. Still not floating the mainstream… now floating high above it. Mon, Tues, Wed, & Thur - 4 to 9 . The stock closed yesterday’s trading session at $8.55, gaining 56.6% over the last three months. During their time out west, they realized they had more of a hankering for beer than books. SweetWater Brewing makes a product called 420 Strain, 420 of course being not-so-secret code for marijuana. This has resulted in some 14 million shares of the stock changing hands this morning. LEAMINGTON, ON - November 30, 2020 (Investorideas.com Newswire) Aphria Inc. ("Aphria", "we" or the "Company") (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company inspiring and … Find SweetWater; Vibe & Events. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. This saw it offering a total of $250 million in cash and $50 million in APHA stock to investors in … Simultaneously, the company's $300 million acquisition of SweetWater Brewing will bring in an additional $66.6 million of revenue per year. New Customer? As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. That’s important to Aphria as the company’s main business is the production of marijuana. Visit Brewery; Private Events; VIP Tours; Woodlands; Brewery Events; Events Near You; Our Story. Nasdaq History. The 158,000 square foot building is leased, and the lease expires in 2040. Canadian cannabis company Aphria has acquired SweetWater Brewing Company, an independent craft brewer in the US. Contact a Branch Near You » About The Brand. About SweetWater Brewing Company SweetWater Brewing Company has been in operation since 1997. It expects this to help expand its business in the country through the use of distribution channels already established by SweetWater Brewing. The stock and the company were an afterthought in the industry after reporting Q3 revenues of only C$12.9 million. Aphria financed the cash component of the purchase price under the Agreement through available cash on hand, including the recently raised funds under its … Aphria to Enter U.S. with $300 Million Cash and Stock Acquisition of SweetWater Brewing Company form 6-k . Aphria Inc. Aphria (NASDAQ:APHA) is seeing an increase to APHA stock on Monday after announcing the completion of its deal to acquire SweetWater Brewing. 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. SweetWater Brewing is a craft brewer based in the U.S. with a focus on the cannabis lifestyle via its flagship 420 brand. SweetWater's beers are unpasteurized and distribution is limited to select states. SWTWTR might be coming to a stock ticker near you . 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 principal executive offices of SweetWater Brewing Company … Aphria's move into the craft brewing market is more significant fundamental news. Aphria notes that the cash for the deal comes from what it had available on hand. Cantech Communications. Save Our Water; 420 Fest; Bands at Brewery; Other folks doing it right; Taproom & Bookings. It will build on SweetWater’s presence established in Telluride, CO over the past four years as a sponsor of the … As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. The company, which was acquired by Canadian cannabis giant Aphria Inc. (TSX:APHA) (NASDAQ:APHA) … SweetWater Brewing Company has a state-of-the-art brewery and integrated restaurant and live music venue at its principal offices in Atlanta, Georgia. Notable is the fact that SweetWater had managed to continue growing during the industry’s slowdown—in 2019 they produced 260,420 barrels, an increase of … SweetWater's roots began back in Boulder, Colorado in the early 90's while Freddy Bensch and Kevin McNerney were roommates at the University of Colorado, Boulder. SweetWater Brewing Company is one of the largest craft brewers in the United States based on volume. APHA stock was up 5% as of Monday morning. For the year ended December 31, 2019, SweetWater Brewing Company generated net revenue and adjusted EBITDA of $66.6 million and $22.1 million, respectively, and production volume increased 7% year-over-year to nearly 261,000 barrels, twice the growth rate of the craft beer market nationally, according to the Brewers Association. Atlanta’s largest brewery going public? More News. IPA, G13 IPA … Aphria's SweetWater Brewing Company Reaches Colorado . SweetWater Brewing Company is a craft brewery founded in 1997 by Freddy Bensch and Kevin McNerney in Atlanta, Georgia. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. By. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Aphria financed the cash component of the purchase price under the Agreement through available cash on hand, including the recently raised funds under its … All rights reserved. SweetWater Brewing Company « Back to Results . This saw it offering a total of $250 million in cash and $50 million in APHA stock to investors in SweetWater Brewing. As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. SweetWater, based in Atlanta, makes 420 Extra Pale Ale and other 420-branded drinks that emulate the flavor of cannabis strains. Is SweetWater Brewing Company headed to Wall Street? We share their belief that craft beer and... Read More. Introducing our new joint adventure with Aphria, a worldwide leader in cannabis. Beginning with the flagship 420 beverage offerings, SweetWater has created an award-winning lineup of year-round, seasonal and specialty beers, a portfolio of brands closely aligned with a cannabis lifestyle. The deal saw Aphria acquire SweetWater Brewing with a mix of cash and stock. They've got free shipping, free tech support, easy payment plans, and the most knowledgable sales staff in the industry. Shares of Aphria (NASDAQ:APHA) soared 12% at the market open today, after the Canadian cannabis company announced it was getting into the beer … ATLANTA–(BUSINESS WIRE)–SweetWater Brewing Company (“SweetWater”), based in Atlanta, GA and founded in 1997, today announced the launch of its brand in Colorado, bringing the company into its furthest western market to date. SweetWater Near You. Cannabis Stock Gainers And … As part of the Acquisition, unitholders of SweetWater received USD $250 million in cash and USD $50 million in Aphria stock at closing. SweetWater Brewing Co. products are reaching Colorado. The deal saw Aphria acquire SweetWater Brewing with a mix of cash and stock. 1125 N. Charles St, Baltimore, MD 21201. Cannabis stocks are due for a big pullback: Raymond James, Aphria gets big target price raise from Haywood. Your email address will not be published. 2021 InvestorPlace Media, LLC. The deal is expected to close by the end of 2020. Create Account On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Friday - 12 - 10.
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