Despite assurances from Canadian marijuana producer Aurora Cannabis that it does not have any formal agreement to partner with a beverage company, its stock rallied Tuesday after it said it talks with drink companies on occasion.
Shares of Aurora closed up more than 10 percent in Canadian trading.
"The Company does confirm that it engages in exploratory discussions with industry participants from time to time," Aurora said in a press release. "At this time the Company confirms there is no agreement, understanding or arrangement with respect to any partnership with a beverage company."
Tuesday's move comes after the stock rallied 17 percent in Canadian trading Monday after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages.
Coke issued the following statement Monday following the report:
"We have no interest in marijuana or cannabis. 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. The space is evolving quickly. No decisions have been made at this time."