BNN Bloomberg is reporting that the Coca-Cola Company (NYSE:KO) is in "serious talks" with Canadian Licensed Producer Aurora Cannabis to develop cannabis-infused drinks, according to sources close to the discussions.
"We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world", Landers said.
"The space is evolving quickly", Coke said.
Coca-Cola insisted "no decisions have been made at this time" and said it would not comment on further speculation.
Coca-Cola has reportedly looked at other cannabis outlets as potential partners, with one source telling BNN Bloomberg that the company had high-level talks with the Canadian company Aphria Inc two months ago, but that those talks did not progress.
Mom, driver were arguing at memorial
She was placed in the national spotlight last January when she attended US President Donald Trump's State of the Union Address. According to witnesses, the 50-year-old Rodriguez and another man were arguing with the driver of the jeep at about 16.00.
Chelsea eye recently-signed Premier League striker as Morata doubts grow
Last season Egypt global Mohamed Salah and Englishman Harry Kane were the two players that scored more than 40 goals in England. We can cope with the problems with the quality in the offensive phase, but not in the defensive phase.
Senator says committee should hear Kavanaugh accuser's side of story before vote
Feinstein said she referred the matter to the Federal Bureau of Investigation and that the woman had requested confidentiality. Neither senator is on the Judiciary Committee, which is scheduled to vote on a recommendation for the lifetime appointment.
Coca-Cola is considering developing a range of marijuana-infused beverages to help ease physical problems such as inflammation, pain and cramps. Just last week, Coke announced a deal to buy Costa Coffee for $5 billion.
Aurora Cannabis Inc. led pot stocks higher after Coca-Cola Co. said it's eyeing the cannabis drinks market, becoming the latest beverage company to tap into surging demand for marijuana products as traditional sales slow. Coca-Cola's news arrives alongside other similar companies sharing the same interests. Tying itself to cannabis would give Coca-Cola a slightly edgier appearance that would contrast from a company that relies on its iconic labeling and marketing campaigns such as its polar bear ads during the holidays to lure customer interest. Cannabidiol - or CBD - is not a mind-altering or psychoactive substance, while its relative, tetrahydrocannabinol - or THC - is.
Cannabidiol, or CBD, is a compound found in marijuana plants that is now legal to consume in many states. "There is so much happening in this area right now and we think it has incredible potential".
'We continue to expect to see more deals between Canadian cannabis companies and the larger players in the global alcohol market who have yet to gain exposure to the category, ' Cowen analyst Vivien Azer said.
That makes such drinks a great opportunity for beverage makers to diversify their product lines and many have already begun to do so.