Monster Beverage Corporation Acquires CANarchy Craft Brewery Collective

Monster Beverage Corporation agreed to acquire CANarchy Craft Brewery Collective LLC for $330 million in cash. CANarchy — a collective of craft beer and hard seltzer brands including Cigar City, Oskar Blues, Deep Ellum and others — will operate independently under its existing management and the deal excludes CANarchy's stand-alone restaurants; the transaction was expected to close in Q1 2022 subject to customary approvals.