Monster Beverage acquires owner of Craft Breweries Cigar City, Oskar Blues, for $ 330 million

Monster Beverage Corp. have been thinking about going into alcohol for years. It finally took off on Thursday, and became the last major soft drink company to try alcoholic beverages.

Monster, best known for its namesake energy drinks, said they had entered into an agreement to buy craft beer and hardseltzer company CANarchy Craft Brewery Collective LLC for $ 330 million.