Coke could move into cannabis-infused drinks [CNNMoney.com]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: CNNMoney.com
Corona, Modelo brewer invests $4 billion in marijuana company Coca-Cola is considering a move into the growing market for cannabis-infused drinks. Coke said in a statement Monday that it is closely watching the growth of CBD, a non-psychoactive component in marijuana, as an ingredient in what it called functional wellness beverages. The space is evolving quickly, Coke ( KO ) said. No decisions have been made at this time. CBD, which does not produce a high for the user, has been used for medical purposes, including easing inflammation, pain and nausea. Coke's interest was first reported by Bloomberg , which said the company was in talks with Aurora Cannabis, a Canadian cannabis company. Aurora has also expressed interest in cannabis drinks. Neither would comment on a possible deal. There is so much happening in this area right now and we think it has incredible potential, said Aurora spokesperson
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STZ
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- 4/11/24 - Beat
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Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website