BUSINESS BITES

Business news took a bit of a back seat this week, but there were a few notable developments:

• Canadian player Aphria plans to acquire microbrewery SweetWater for $300M.
  Eater
• Colorado operator Schwazze said it has the funds needed to move forward with its acquisition of several Star Buds dispensaries in a deal valued at $118M. It has previously seen several smaller acquisitions collapse.
  Press Release/WeedWeek
• ScottsMiracle-Gro hydroponics division Hawthorne (“Business under the influence”) reported quarterly sales of $351.9M.
  Press Release
• New Cannabis Ventures offers three reasons the pot stock rally could continue.
• While the accounting profession is in a bit of a rough patch, cannabis looks like a bright spot for the bean counters. WW California has more.
  Accounting Today
• Canopy Growth is moving from the New York Stock Exchange to the Nasdaq.
  Press Release

Quick Hit

1. Cannabis Industry Journal discusses nine key developments in the California market. The first is increased access to financial services.