Aurora Cannabis Inc. says it has not signed a deal with respect to any partnership with a drink company.
As Bloomberg reports, the company is already in talks with Canadian marijuana producer Aurora Cannabis, as it works to develop the special Coke blend.
Global beverage maker Coca-Cola has denied claims that it plans to start making marijuana-infused drinks.
The world's largest beverage company may be the next industry giant to jump into the cannabis drinks business.
A Coke spokesman said the beverage giant has made no such decision.
The company declined to comment on additional speculation.More news: Juventus march on but Ronaldo faces further punishment for red card
"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".
In Canada, a company known as Molson Coors Brewing Co. partnered with a cannabis maker- Quebec's Hexo's Corp.to manufacture cannabis drinks.
Aurora trading was halted in the morning after the stock rose 14 per cent to $10.40 on top of a spike Monday after reports it was in talks with Coca-Cola. For example, Heineken's craft beer Lagunitas recently launched Hi-Fi Hops, a beer-flavoured sparkling water with THC and CBD. CBD, or cannabidiol, is the chemical in the pot plant often used for medicinal purposes, and doesn't produce the high that comes from THC, or tetrahydrocannabinol.
With the increasing interest in cannabis by the likes of Coca Cola Co., Nigeria could potentially benefit. She said she would not be surprised to hear of a similar deal by PepsiCo for its Gatorade drink.
Hemp and marijuana are both cannabis plants, and both contain CBD, which can be extracted as an oil that can be added to everything from dog food to hand lotion to drinks. Tilray jumped 6.8 percent, adding to its 40 percent gain last week; Cronos rose 3.1 percent and Canopy's US shares climbed 2.9 percent.