PepsiCo said on Tuesday that it will evaluate the cannabis industry in the wake of beverage companies gaining entries into the booming space. Hugh Johnston, chief financial officer (CFO) of the beverage company, said no deal is currently in place but plans to study the sector during a televised interview. “I think we’ll look at it critically, but I’m not prepared to share any plans that we may have in the space right now,” he said. Canopy Growth Corp up 2,200% since 2016! Learn to profit from cannabis companies Give me my free report! PepsiCo would join its beverage counterpart, The Coca-Cola Company, in showing interest in a cannabis play. A report from BNN Bloomberg showed alcohol producer Diageo was also eyeing a partnership in the cannabis space. “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. The space is evolving quickly. No decisions have been made at this time,” Coca-Cola said at the height of a report indicating it would partner with Aurora Cannabis in some form.

Hemp Land, Cannabis Hemp Blog, 08/16/2021 19:00:00

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