420 Strain G13 IPA
This aromatic super-hybrid sticky IPA is first and foremost a phenomenally delicious and drinkable beer, with the added bonus of an olfactory experience that mimics that of the legendary G13 cannabis strain. The IPA base brew has a great body, good head and nice amount of haze at a pleasurable 6% ABV. To work with the malt bill, the brewers added some of their dankest hops, Columbus and Simcoe, plus two dry hop additions. To achieve the aroma, our brewers found the perfect botanically-sourced, strain specific terpenes and married them with proprietary natural hemp-type flavor, both perfectly complementing the hops in the IPA.
Available on draft, 6 packs of 12oz bottles and limited distribution of 16oz cans.
Want to get your hands on it? Visit sweetwaterbrew.com/reup to snag a pint near you.
2 Row Malt, Wheat, Flaked Oats
A double dose of Simcoe and Columbus
Dank, citrus, earthy, resiny
420 Strain G13 IPA This aromatic super-hybrid sticky IPA is first and foremost a phenomenally delicious and drinkable beer, with the added bonus of an olfactory experience that mimics that of the
SweetWater Brewing sold to a global cannabis company
Here’s something interesting out of left field: A global cannabis company based in Canada, Aphria Inc., is buying SweetWater Brewing Co. for $300 million. Aphria is looking to use SweetWater’s U.S. infrastructure (manufacturing, marketing, innovation, promotion, distribution) to build awareness in the U.S. for Aphria’s cannabis brands. The deal is expected to close before the end of December 2020.
“Our strong balance sheet and access to capital have enabled us to enter the U.S. through this strategic and accretive acquisition. We will establish and grow our U.S. presence through SweetWater’s robust, profitable platform of craft brewing innovation, manufacturing, marketing and distribution expertise,” said Irwin D. Simon, Aphria’s Chairman and Chief Executive Officer. “At the same time, we will build brand awareness for our adult-use cannabis brands, Broken Coast, Good Supply, Riff and Solei, through our participation in the growing $29 billion craft brew market in the U.S. ahead of potential future state or federal cannabis legalization. We look forward to building upon the strengths of each of our respective and complementary brands, diversifying our product offering, broadening our consumer reach, and enhancing loyalty with consumers.”
I mean, if you’re a global cannabis business and you’re looking to get into beer / grow your presence in the U.S. with an established brand, SweetWater is your obvious dance partner. Founded in 1997 by Freddy Bensch, SweetWater has built a top tier brand in terms of name recognition and consistency in craft beer, and it has always stayed true to its affinity for weed culture. In addition to branding, SweetWater’s various 420 strains of craft brews use terpenes and natural hemp flavors that, when combined with select hops, emulate the flavors and aromas of popular cannabis strains. They even host their own jam band festival each year, Sweetwater 420 Fest.
Branding synergies aside, the deal makes sense for Aphria Inc. because Sweetwater is crushing it in sales. In 2019, SweetWater Brewing Company generated net revenue and adjusted EBITDA of $66.6 million and $22.1 million, respectively, and production volume increased 7% year-over-year to nearly 261,000 barrels, twice the growth rate of the craft beer market nationally, according to the Brewers Association. In 2019, the 420 Strain G13 IPA became the top new craft brand in the U.S. in the first 12 months after its launch.
In addition to its 27 state distribution footprint, In addition to its traditional distribution footprint, SweetWater 420 Extra Pale Ale and IPA are served on all Delta flights nationwide.
“We are excited by the opportunity to join a leading global cannabis company and build a successful future based on the strengths we both bring to this combination,” said Bensch. “We will leverage our growing beverage offering and build an even stronger, more diversified company with a continued focus on authentic and distinctive brands using some of the freshest, most flavorful ingredients to create innovative and high quality beverages including beers, seltzers, spirits and non-alcoholic beverages that our loyal and growing consumer base has come to expect from SweetWater.”
The acquisition is expected to further diversify Aphria’s current net revenue mix, with the combined cannabis and distribution business representing approximately 85 percent of net revenue and the craft brewing and beverage business representing approximately 15 percent of net sales, based on the pro forma net revenue. In addition, Aphria expects the acquisition to be margin accretive with SweetWater generating adjusted EBITDA margins well in excess of 30 percent.
SweetWater Brewing sold to a global cannabis company Here’s something interesting out of left field: A global cannabis company based in Canada, Aphria Inc., is buying SweetWater Brewing Co. for