HEXO - Aphria finalizes Sweetwater Brewing buy shares up 7%

Aphria (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 (TLRY) (+6%), Canopy Growth (CGC) (+2%), Aurora Cannabis (ACB) (+8%), Cronos Group (CRON) (+4%), ETFMG Alternative Harvest (MJ) (+3%), Hexo Corp. (HEXO) (+13%).

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Aphria finalizes Sweetwater Brewing buy, shares up 7%