Without knowing the exact type of glue it is difficult to answer your question. My immediate thought wea cascamite but you mention a bottle which rather rules this out. Most glues have a shelf life and some require you to coat one surface with the glue and the other surface with a setting agent. Many also require that you clamp the two surfaces until set (often 24hrs). As they are water based temperature will play a part but more in respect of the final strength.
I did Google and found a very informative article on aliphatic glues which may help
I recall dad made me a model boat out of plywood (tea chest) and that was glued with cascamite. I can still recognise the smell after all these years and sailed the model for several years.