Coca-Cola (NYSE: KO) is the latest beverage company assessing its options in the ever-evolving cannabis market and is presently in talks with Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF), according to BNN Bloomberg. A recent article by Jen Skerritt and Craig Giammona on Bloomberg.com titled, “Coca-Cola Is Eyeing the Cannabis Market” highlights the company’s potential decision to join the growing ranks of mainstream businesses investing in the cannabis sector. Per the article, Coca-Cola is particularly interested in drinks infused with non-psychoactive cannabinoid (“CBD”). “We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in the article. “The space is evolving quickly. No decisions have been made at this time.”
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About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brands, its portfolio includes some of the world’s most valuable beverage brands, such as AdeS soy-based beverages, Ayataka green tea, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater and ZICO coconut water. The company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market. Coca-Cola is also working to reduce its environmental impact by replenishing water and promoting recycling. With its bottling partners, the company employs more than 700,000 people, helping bring economic opportunity to local communities worldwide. For more information, visit the company’s website at www.Coca-ColaCompany.com.
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