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[Frenchy2016]

Deal talks flying in beverage-cannabis-tobacco realm

Dec. 3, 2018 2:26 PM ET|By: Clark Schultz, SA News Editor
There's a lot of discussions going on between both beverage and tobacco giants with cannabis players, according to Financial Times.
Following up on news from earlier today that Altria (MO +1.4%) is in early talks about a takeover of Cronos Group (CRON +10.7%), FT says Coca-Cola (KO -1.9%) has held talks with Canada’s Aurora Cannabis (ACB +0.5%) to develop beverages and Diageo (DEO -0.1%) is sniffing around the sector.
FT also tips that Altria has held talks with Tilray (TLRY +0.9%) and Aphria (APHA -23.4%) in addition to the Cronos interest.
Constellation Brands (STZ +0.4%) started off the beverage-cannabis wave earlier this year when it invested just under $4B in Canopy Growth (CGC +0.1%).