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Coke, Aurora Cannabis in talks to make marijuana-infused drinks: BNN Bloomberg

Key Points
  • Coca-Cola is in talks with cannabis producer Aurora Cannabis to make marijuana-infused beverages.
  • The companies would likely develop health-focused beverages that will ease inflammation, pain and cramping, the report said.
  • There is no guarantee that talks between the companies will be successful or that a commercial agreement would be made public.
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Coca-Cola looks to capitalize on cannabis craze

Coca-Cola is in talks with cannabis producer Aurora Cannabis to make marijuana-infused beverages, Canadian news service BNN Bloomberg reported on Monday.

The companies would likely develop health-focused beverages that will ease inflammation, pain and cramping, the report said, citing sources familiar with the matter.

"Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world," Coca-Cola said in a statement, referring to cannabidiol, a constituent of cannabis.

"No decisions have been made at this time," the beverage group said, adding that it would not comment on further speculation.

Aurora, in a separate statement, said it would not discuss business development initiatives until they are finalized, but added: "Aurora has expressed specific interest in the infused beverage space, and we intend to enter that market."

A partnership between Coke and Aurora would mark the first entry of a major manufacturer of non-alcoholic beverages into the market for cannabis-related products.

The news comes as more U.S. 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.

There is no guarantee that talks between the companies will be successful or that a commercial agreement would be made public, BNN Bloomberg reported.

Earlier this year, alcohol producer Molson Coors Brewing said it will make cannabis-infused drinks with Hydropothecary, while Corona beer maker Constellation Brands invested $4 billion more into marijuana producer Canopy Growth.

Coca-Cola's shares rose marginally in pre-market trade on Monday.

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Key Points
  • In an unprecedented move, the Food and Drug Administration has ordered five brands — Juul, Vuse, MarkTen, blu e-cigs, and Logic — to submit plans to address teen use of their products within 60 days.
  • Across the entire e-cigarette category, the FDA is considering restricting manufacturers from selling flavored nicotine liquid or making the products undergo an agency review.
  • E-cigarettes, particularly Juul, have become a phenomenon among high school and middle school students.