Craft Brewing and Distilling News for November 30, 2020November 30, 2020
•Ontario, Canada-based cannabis producer Aphria has completed its acquisition of Atlanta, Georgia’s SweetWater Brewing Company. The move cost Aphria $300 million—$250 million in cash and $50 million in stock—and was financed in part through Aphria’s recent “At-the-market” equity program. The acquisition was announced at the beginning of this month and will keep SweetWater’s leadership team and employees in place as it folds the cannabis-friendly brewery (the company is known for its 420 Pale Ale and SweetWater 420 Festival) into the Aphria portfolio and gives the Canadian cannabis company a foothold in the U.S. market.
•North Carolina’s Durham Distillery is launching Conniption Barrel Aged Gin No. 1, the first in a series of annual releases. The new offering is inspired by the botanical blend in Durham Distillery’s Conniption Navy Strength gin, complemented by 10 months spent aging in Bourbon barrels sourced from High West Distillery. (High West owner Constellation Brands has a minority stake in Durham.) Conniption Barrel Aged Gin No. 1 is currently available exclusively in North Carolina but will roll out nationally on February 1.
•Dallas, Texas-based Deep Ellum Brewing Company has released Deep Winter Golden Porter, the brewery’s winter seasonal. The 7.3% abv brew is made with cold brew coffee sourced from nearby Oak Cliff Coffee Roasters. Golden Porter is available now on draft and in 6-packs of 12-ounce cans at Deep Ellum’s taproom, as well as in retailers across Texas. Deep Ellum is a member of the Canarchy Collective, alongside Oskar Blues and Perrin, among other craft breweries.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.