Rumors swirled Monday after reports that beverage giant The Coca-Cola Company (NYSE:KO) was interested in getting into the cannabis drinks business, causing a spike in shares of cannabis companies.
Canadian cannabis giant Aurora Cannabis Inc’s (TSX:ACB) (OTCMKTS:ACBFF) name came up in the discussion, but the company stated today there was no such agreement at this time.
READ: Beverage giant Coca-Cola interested in cannabis drinks, sending cannabis stocks higher
The company said that while it normally does not comment on speculation, it received a request from the Investment Industry Regulatory Organization of Canada. Aurora did not specify Coca-Cola by name, simply referring to a "beverage company" in its statement.
“At this time the Company confirms there is no agreement, understanding or arrangement with respect to any partnership with a beverage company,” the company said.
Aurora said that it would notify shareholders if anything changes.
Shares of the Alberta-based company were up nearly 4% to C$10.37 in Monday afternoon trading.