The Financial Post reports in its Tuesday, Nov. 23, edition that unnamed sources say Monster Beverage is exploring a combination with Constellation Brands. A Bloomberg dispatch to the Post reports that Monster Beverage has Coca-Cola Co. as a major shareholder. Bloomberg says it is unclear whether discussions will lead to a full merger or asset deal. Sources say any transaction with Constellation would require the support of the Sands family, which has built the company into a global beverages player. A deal between Constellation and Monster could be interesting for the category of cannabis-infused beverages. Monster was said to be considering CBD or hard seltzer categories, but there are concerns that could tarnish the company's image. Constellation has an interest of almost 40 per cent in Canopy Growth. Canopy sells drinks with THC in Canada, and aims to sell them in the U.S. if marijuana becomes federally legal. Bloomberg Intelligence analyst Kenneth Shea says, "I see such a transaction, if effected, as jeopardizing Monster's exclusive distribution agreement with Coca-Cola, which could derail its international growth ambitions." He adds, "I see little synergy between these two companies."