Why Pot Stock Aphria Is Flying High Today
Shares of Aphria (NASDAQ: APHA) soared 12% at the market open today, after the Canadian cannabis company announced it was getting into the beer industry by acquiring SweetWater Brewing Company. Shares remain up over 8% as of 10 a.m. EST.
The announcement marks Aphria's entry into the United States. SweetWater, which began brewing craft beer in 1997, is the maker of the popular 420 beer brand and host of the annual 420 music festival in downtown Atlanta.
Source Fool.com
