Coca-Cola 'in talks' to create cannabis-infused health drink

Coca-Cola, Aurora in talks about making cannabis-infused drinks: report

Coca-Cola, Aurora in talks about making cannabis-infused drinks: report

The fizzy drinks giant announced it was closely watching the growing marijuana-infused drinks market, in response to reports it was in talks with Canada's Aurora Cannabis Inc.

Regardless, if Coca-Cola decides to make a CBD-infused beverage, it could become hugely profitable at a time when Americans are trying to cut back on sugar and embrace "natural" cures.

"The space is evolving quickly", spokesman Ken Landers told Bloomberg.

"We have no interest in marijuana or cannabis".

Besides Aurora, she said cannabis companies Tilray (TLRY.O) and Aphria (APH.TO) were likely targets for partnerships with big consumer companies looking to get into the market.

And the Green Party leader says he is now vindicated on the question of mass production of cannabis for medical purposes. The company says it's an ingredient that could gain ground in wellness beverages globally.

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Canada legalised cannabis for recreational use in June this year.

As beverage makers including Molson Coors step into the marijuana market, Coca-Cola is thinking about joining the pot party.

Coca-Cola Co. stock was up about 0.25% on the reports Monday, trading at around $46 a share. Lagunitas, a craft beer label of Heineken, already has a drink infused with THC, which can be purchased at marijuana dispensaries in California.

Amid slowing revenues from soda-based drinks, beverage companies are exploring new streams of revenue. "I think we're on track to be very ready for all of the formats in 2019", he said. "It's going to be more of the "recovery drink" category", they added of the beverage. "You don't want to be too far ahead on any curve".

A number of Canadian cannabis companies, including Cronos and MedMen Enterprises, now trade on USA stock exchanges, and some American companies have taken stakes.

Aurora Cannabis has also expressed interested in producing cannabis drinks. The BI Canada Cannabis Competitive Peers Index has more than doubled in the past 12 months, though it has dropped 24 percent in 2018 on concern that the stocks are overvalued.

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