Coca-Cola in ‘serious talks’ about branching into cannabis beverage market

17 September, 2018, 23:04 | Author: Brooke Harris
  • Coca-Cola bottles

The news comes as more USA states move to legalize marijuana for recreational use and as Canada, where Aurora is based, prepares to fully legalize the recreational use of cannabis next month.

That makes such drinks a great opportunity for beverage makers to diversify their product lines and many have already begun to do so.

"The space is evolving quickly", Coke said.

A source close to the negotiations between the companies said: 'They're pretty advanced down the path of doing a deal.

The world's largest drinks company is in talks with major Canadian marijuana producer Aurora Cannabis, but stressed that it was interested in the properties of cannabis that treat pain but do not get users high.

Unlike other deals between alcohol makers and cannabis producers aimed at making drinks that will give consumers a "buzz" similar to inhaling marijuana, Coca-Cola and Aurora (ACB.TO) would likely develop beverages that will ease inflammation, pain and cramping.

2.4M people evacuated in southern China due to Typhoon Mangkhut
The Armed Forces of the Philippines have sent troops to the disaster area to help in the rescue and retrieval efforts. Authorities were assessing the damage and trying to fix communication systems, the Philippines News Agency reported.

Coca-Cola's potential foray into marijuana beverages follows a two investments by Constellation Brands, the conglomerate behind drinks like Corona and Svedka, totaling more than $4 billion, into Canopy Growth, the largest publicly traded marijuana firm.

A spokeswoman for Aurora Cannabis said the company has expressed interest in infused drinks and intends to enter that market, but it does not discuss business development initiatives until they are finalized.

However, he declined to specifically comment on Aurora Cannabis Inc, and stressed that "no decisions have been made at this time".

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. The first-ever medical treatment derived from a marijuana plant will hit the US market soon, after regulators in June gave an epilepsy treatment by GW Pharmaceuticals Plc the green light.

Spain, the Netherlands, Portugal, Slovenia, Jamaica, Chile, Peru, Colombia, Ecuador and Luxembourg are among countries that have relaxed legislation regarding personal use.



Douglas Costa Responds After Fans Aren't Happy With His Apology
The Portuguese star Ronaldo scored 451 goals in 438 games with Real Madrid , including a record 120 in Champions League play. Senegalese striker Khouma Babacar headed in a late goal for Sassuolo who fell to their first defeat of the season.

Erdogan says Turkey's ceasefire calls in Idlib yielded results
Russian President Vladimir Putin (R) meets with his Turkish counterpart Tayyip Erdogan in Sochi, Russia September 17, 2018. Turkey had appealed to Russian Federation and Iran , its uneasy negotiating partners, for a diplomatic resolution.

Eden Hazard Heaps Praise On Chelsea Teammate Olivier Giroud
Hazard's first two goals came from layoffs by Olivier Giroud. "He can hold up the's a pleasure to play with him". Salah won the Golden Boot last season and Sarri is backing Hazard to dethrone the Egyptian this campaign.

Florence turns deadly, unleashing torrential floods on Carolinas
Meanwhile, in SC , at least one gator seemed to be cool with the outer bands of wind and rain that whipped the Myrtle Beach area. In Wilmington, near where the eye of the hurricane touched down, trees and power lines were felled and many windows were broken.

Manchester City keep in touch with leaders with win over Fulham
That's where I was brought up and I really hope he can have the same opportunities as I've had. Sane failed to even make the bench against Newcastle United two weeks ago.

Florence likely to expose gaps in flood insurance
Across North Carolina, 26,000 people were being housed in 157 shelters after escaping their homes in advance of the flood waters. County commission chair Woody White said officials were planning for food and water to be flown into the coastal city.

Woman accuses US Supreme Court nominee Brett Kavanaugh of sexual misconduct
Many Democrats have called for a delay in the vote, and a handful of Republicans have opened the door to that possibility. A registered Democrat, Ms Ford contacted her representative in Congress, Democrat Anna Eshoo , around the same time.

Permanent tax cuts sought by House GOP as elections loom
When it came to competence, 55 percent said they thought he was not fit to serve while 48 percent said he was not mentally stable. House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress a year ago .

Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai
The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee. The all-time high price of diesel in the city was Rs 75.82 per litre which was recorded on Tuesday.

The Joker Standalone Movie Director Shares Photo of Joaquin Phoenix as 'Arthur'
In a recent interview with Collider , Phoenix promised that the new film defies the convention of a typical comic book movie. Phillips shared the photo on the same day paparazzi photos from the set in New York City surfaced on JustJared .