Aphria (a cannabis firm) Acquires an American Craft Brewers

Cannabis firm Aphria announced on November 4th to have acquired SweetWater Brewing Company, a craft brewer from Atlanta. The craft brewer generates sales of $66.6million, net income of $22.7million and is top 14 American craft brewer by 2019 sales. Besides expanding into a new business venture, this is a way for Aphria to make inroads into the United States market, in expectation of US federal legalization of cannabis.