Aphria completed the acquisition of SweetWater for $300m.

Aphria, a global cannabis company, completed the acquisition of SweetWater Brewing Company, an independent craft brewer, for $300m. The shareholders of SweetWater will receive $250m in cash and approximately $50m in Aphria stock. "Together, our company will further diversify our product offering, broaden our consumer reach and enhance loyalty with consumers. We are very pleased to welcome Freddy Bensch to our management team and the entire SweetWater organization to the Aphria family. We look forward to expanding our addressable market and leveraging SweetWater's existing infrastructure to accelerate Aphria's entry into the US ahead of federal legalization of cannabis to fuel sustainable profitable growth," Irwin D. Simon, Aphria Chairman and Chief Executive Officer.