Aurora Cannabis Inc. (ACBFF)  denied reports that it was in talks with a beverage company to produce cannabis-infused drinks. The stock was briefly halted Tuesday but resumed trading and at last check was up 4.7% to $8.04.

Aurora said earlier Tuesday it wouldn't comment on speculative news reports, but was pushed to comment by the Investment Industry Regulatory Organization of Canada. Reports said Aurora Cannabis was in talks with Coca-Cola Co. (KO) .

Coca-Cola confirmed Monday that it was eyeing the growth of the cannabidiol industry. CBD is a compound found in cannabis. Unlike the THC compound, it will not get the user high, but can help to treat pain and has been found to have medical properties.

"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," according to a statement from Coke. "The space is evolving quickly. No decisions have been made at this time."

To be a profitable investor and build long-term wealth, you need the right information and techniques. Join TheStreet Oct. 13, 2018 for a special investing event for sophisticated and active traders. Register for "Invest Like the Pros: Jim Cramer's Boot Camp for Investors" here. A good portion of the conference will be devoted to investing in cannabis. Cramer will talk exclusively with Canopy Growth Corp. (CGC)  CEO Bruce Linton and Bill Newlands, president and chief operating officer of cannabis/alcohol player Constellation Brands Inc. (STZ) .

More from Markets

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Your Need to Know - Forward Look

Your Need to Know - Forward Look

3 Things Investors Can Do to Stay Strategic When the Market's Volatile

3 Things Investors Can Do to Stay Strategic When the Market's Volatile

How to Be a Tactical Investor in the Current Market

How to Be a Tactical Investor in the Current Market

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading