Aphria finalizes Sweetwater Brewing buy, shares up 7%

Nov. 30, 2020 8:31 AM ETTilray Brands, Inc. (TLRY), CGC, ACB, CRON, MJ, HEXOTLRY, CGC, ACB, CRON, MJ, HEXOBy: Douglas W. House, SA News Editor3 Comments
  • Aphria (NASDAQ:APHA) has closed its takeover of privately held Sweetwater Brewing Company, one of the largest independent craft brewers, for ~$300M. The deal was announced on November 4.
  • Shares are up 7% premarket along with other cannabis players that are seeing spikes in share prices as investors expect an acceleration in the decriminalization of marijuana under a Joe Biden administration.
  • Selected tickers: Tilray (NASDAQ:TLRY) (+6%), Canopy Growth (NYSE:CGC) (+2%), Aurora Cannabis (NYSE:ACB) (+8%), Cronos Group (NASDAQ:CRON) (+4%), ETFMG Alternative Harvest (NYSEARCA:MJ) (+3%), Hexo Corp. (NYSE:HEXO) (+13%).

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