 Energy drink company Monster Beverage Corp. MNST, -0.63 announced Thursday that it is entering the alcoholic beverage business through an agreement to buy craft beer and hard seltzer company CANarchy Craft Brewery Collective LLC for 330 million in cash. The deal, which is expected to close in the first quarter of 2022, will bring the Cigar City Jai Alai IPA and Florida Man IPA, Oskar Blues Dales Pale Ale and Wild Basin Hard Seltzer, Deep Ellum Dallas Blonde and Deep Ellum IPA, Perrin Brewing Black Ale, Squatters Hop Rising Double IPA and Juicy IPA and Wasatch Apricot Hefeweizen brands to the Monster portfolio. 