Canopy Growth Corp. is delaying the launch of its cannabis-infused drinks.
The Smiths Falls-based company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps.
Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its license in late November.
(Sponsored)
Invest with confidence: Hydro Ottawa funds technical studies for business retrofits
For Ottawa businesses, the opportunity to improve building performance has never been greater. Energy retrofits can cut emissions, strengthen operations, extend the life of assets, reduce operating costs, and position
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
The company had expected to have its beverage products on store shelves in early January. It did not say when it now plans to launch its beverage products.
Canopy says it does not believe the delay will have a material impact on its revenue for its 2020 financial year.
It says it plans to provide an update when it releases its third-quarter results.
“Canopy has had seven weeks to work with THC in the brand new beverage facility to scale processes and IP it has developed in the R&D environment,” Canopy chief executive David Klein said in a statement.
“In order to deliver products that meet our customer’s high standards we are electing to revise the launch date while we work through the final details.”
