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SMITH FALLS, Ont. — Canopy Growth Corp. is delaying the launch of its cannabis-infused drinks.

The 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.

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Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its license in late November.

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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.

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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.

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“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.”

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