Billionaire and Coca-Cola heir Alkiviades “Alki” David was arrested on the Caribbean Island of St. Kitts final week following customs officials found five,000 cannabis plants on his private jet. David and his pal Chase Ergen have been taken into custody by officers with the Anti-Narcotics Unit at Robert L. Bradshaw International Airport following the plants, seed, and CBD oil merchandise have been discovered. David was then released but arrested once more on Could 9 when he attempted to leave the island nation.

The billionaire was charged with crimes such as possession with intent to provide, possession of controlled drugs and importation of a controlled drug into St. Kitts. David was released on bail following paying a money bail of roughly $30,000. He is due for a court look on Could 14 and has been essential to surrender his travel credentials and report to the Frigate Bay Police Station each day although awaiting the hearing.

David is a member of the Leventis family members and heir to the Leventis-David Group, the majority owner of the Coca-Cola Hellenic bottling plants in Europe. The resident of the Isle of Man has an estimated net worth of a lot more than $three billion, according to media reports.

A Billionaire CBD Advocate

David is a medicinal cannabis advocate and owner of the CBD oil firm SwissX. David has denied the drug charges and claims that the plants carried aboard his aircraft are hemp and not illegal in St. Kitts.

“We’re going to go into the granular information of what cannabis genus it is,” David mentioned at a press conference on Monday. “We didn’t even bring in cannabis, we brought in a cousin of cannabis that has been genetically modified.”

At the press conference, David blamed St. Kitts Prime Minister Dr. Timothy Harris for his arrest.

“This tiny dictator who thinks he can do this,” mentioned David. “It’s illegal and it is unconscionable. Mr. Harris right here has a complete new issue coming at him.”

“I’ve by no means been to jail in my life, I’ve by no means had handcuffs place on me,” he added. “I was degraded, my pal is becoming degraded and we’ve carried out practically nothing incorrect.”

Representatives for Harris declined to comment on the circumstance, according to media reports.

CBD Infused Coke?

SwissX may possibly not be the only one particular of David’s firms interested in the rewards of CBD. In October of final year, media reports claimed that Coca-Cola was in “serious talks” with Aurora Cannabis to create a CBD-infused beverage, according to a report from BNN Bloomberg Tv. An unnamed supply reported that the two firms have been “pretty sophisticated down the path” of coming to an agreement.

Heather MacGregor, a spokesperson for Aurora Cannabis, declined to comment on a prospective deal with Coca-Cola. Even so, she did confirm that the firm is interested in pursuing possibilities in the CBD beverage marketplace.

“As a rule, we do not go over company improvement initiatives till they are finalized, even so, we have a duty to our shareholders to give correct consideration to all relevant possibilities that are presented,” MacGregor mentioned.

The following month, Coca-Cola CEO James Quincy denied the reports of a prospective CBD beverage throughout a conference get in touch with with investors.

“We do not have any plans at this stage,” Quincy mentioned.