It said: "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".
It says it hasn't made any decisions about using it in coke products.
Molson Coors Brewing Co.is starting a joint venture with Quebec's Hexo's Corp., formerly known as Hydropothecary Corp., to develop cannabis drinks in Canada. The investment follows a deal a year ago in which Constellation acquired a almost 10 per cent stake in Canopy and the two companies agreed to collaborate on the development of cannabis-based drinks.
Cowen analyst Vivien Azer cited growing consumer interest in CBD and said its properties lend the ingredient well to a sports recovery drink. (KO) is exploring an entry into marijuana-infused beverages market, according to BNN Bloomberg.
Storm Florence: The impact in numbers
As much as 30 to 40 inches (76-102 cm) of rain could fall on coastal areas in North and SC , the National Hurricane Center said. The triple punch of falling rain, rising rivers and coastal storm surges was already triggering catastrophic floods.
Two weeks later, spirits company Constellation Brands announced a new $4 billion in investment in Canada's Canopy Growth in exchange for a 38 percent stake in Canopy.
Some companies have teamed up with cannabis producers to make drinks that will give drinkers a "buzz" but Coca-Cola and Aurora would allegedly be developing something to ease inflammation, pain and cramping.
While recent events have seen adult-beverage makers jump into the infused-beverages space, some believe the non-alcoholic infused-beverage markets may hold the key. Cannabidiol - or CBD - is not a mind-altering or psychoactive substance, while its relative, tetrahydrocannabinol - or THC - is.
Coca-Cola's shares rose marginally in early trade on Monday. Just last week, Coke announced a deal to buy Costa Coffee for $5 billion.