Canadian cannabis company agrees to buy U.S. craft-beer maker Sweetwater, known for its ‘420’-branded brews

Aphria Inc. is jumping into the U.S. with the purchase of a craft-beer company that has been a part of some stoners’ lifestyle for decades.

The Canadian cannabis company announced that it plans to acquire Atlanta’s Sweetwater Brewing Co. for at least $300 million, marrying a long-serving craft brewer known for its “420”-labled beer with the pot industry. While Sweetwater does not make drinks with a cannabis buzz yet, the companies seemed to suggest that could be in the offing as the two sides seek to leverage Sweetwater’s contacts in the U.S. and Aphria’s APHA, +4.23% cannabis ties to find potential benefits to the coupling.

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