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BRIEF-Aphria Inc Announces Strategic Entry Into The United States With An Agreement To Acquire Sweetwater Brewing Company

Published 2020-11-04, 04:12 p/m
© Reuters.
APHA
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Nov 4 (Reuters) - Aphria Inc APHA.TO :

* APHRIA INC. ANNOUNCES STRATEGIC ENTRY INTO THE UNITED STATES WITH AN AGREEMENT TO ACQUIRE SWEETWATER BREWING COMPANY

* APHRIA INC - DEAL FOR $300 MILLION

* APHRIA INC - EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO EBITDA AND DILUTED EARNINGS PER SHARE

* APHRIA INC - UNDER TERMS OF AGREEMENT, SWEETWATER WILL BECOME A WHOLLY OWNED SUBSIDIARY OF APHRIA

* APHRIA INC - UNITHOLDERS OF SWEETWATER WILL RECEIVE $250 MILLION IN CASH AND APPROXIMATELY $50 MILLION IN APHRIA STOCK AT CLOSING

* APHRIA INC - UNITHOLDERS OF SWEETWATER ARE ELIGIBLE TO RECEIVE UP TO $66 MILLION OF ADDITIONAL CASH UNDER AN EARNOUT THROUGH END OF CALENDAR YEAR 2023

* APHRIA INC - ACQUISITION HAS BEEN UNANIMOUSLY APPROVED BY APHRIA'S BOARD

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