Coca-Cola looking at cannabis-infused drinks

Image  Igor Golovniov  Getty Images

While neither company confirmed the talks, Coca-Cola said it was "closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world".

Shares of Aurora were up almost 17 percent on the Toronto Stock Exchange on the report.

Coca-Cola's statement comes amid reports the company has held talks with Canada's Aurora Cannabis to develop beverages.

Coca-Cola announced its interest in a statement on Monday, responding to a report from BNN Bloomberg that said it was in talks with Canada's Aurora Cannabis Inc to develop drinks infused with cannabidiol (CBD), the non-psychoactive chemical found in marijuana.

"There's a lot of interest from consumer-packaged goods, and liquor and tobacco companies to look at cannabis as a new growth vector". "The space is quickly evolving".

After the information about the output capabilities of Coca-Cola cannabis stocks marijuana growers started to grow.


Coca-Cola argued that the use of CBD in the soft drinks market is growing rapidly, but the decision to join pending. Landers declined to comment on Aurora.

Bloomberg says Molson Coors Brewing is starting a joint-venture with Quebec-based Hydropothecary Corp., and Diageo, PLC, maker of Guinness is looking at a possible deal with at least three Canadian cannabis producers. For example, Heineken's craft beer Lagunitas recently launched Hi-Fi Hops, a beer-flavored sparkling water with THC and CBD.

CBD, which does not produce a high for the user, has been used for medical purposes, including easing inflammation, pain and nausea.

While marijuana remains illegal at the national level in the USA, there is growing acceptance of the use of CBD derived from marijuana to treat illnesses ranging from chronic pain to anxiety and epilepsy.

Several U.S. states have legalized marijuana but it remains against federal law. The BI Canada Cannabis Competitive Peers Index has more than doubled in the past 12 months, though has dropped 24 per cent in 2018 on concern that the stocks are overvalued.

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