September 17, 2018 / 12:28 PM / 3 months ago

BUZZ-Canadian weed cos: Up on Coke's plans to enter market

** U.S.-listed shares of Canadian weed cos up 2-7 pct premarket on Coca-Cola’s plans to enter the Cannabis market

** Tilray Inc up 6.8 pct premarket, Cronos Group Inc rose 3.9 pct, Canopy Growth Corp up 2.6 pct

** However, Coca-Cola’s shares were largely flat premarket

** Coca-Cola is in talks with Aurora Cannabis Inc to make weed-induced drinks, Bloomberg reports

** Beer makers Constellation Brands Inc and Molson Coors Brewing Co have earlier signed deals with Canopy Growth, and HEXO Corp, respectively, to make cannabis-infused drinks

** Shares of marijuana producers have surged ahead of Canada legalizing recreational weed, starting Oct 17

** Up to Friday’s close, TLRY’s stock had risen nearly five-fold since its listing on July 19; CGC’s stock had doubled YTD, CRON had risen 38.3 pct YTD (Reporting by Debroop Roy in Bengaluru)

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