Canada NewsWire
TORONTO, July 15, 2019
TORONTO, July 15, 2019 /CNW/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America, is pleased to provide a corporate update on core commercial and operational activities. The update includes a synopsis of the Company's position related to commercial revenue generating activities as well as an operational update on the status of the cultivation, extraction and testing facilities. As a result of the ILANS acquisition and launch of the Kuida® cosmeceutical brand, Khiron remains the only Colombian company to be generating cannabis revenues derived from legally approved production.
Khiron is pleased to report all activities are advancing with the objective of commercializing medical cannabis products in Colombia in accordance and adherence to all legal requirements. In doing so, the Company has progressed in the fastest timeframe possible from the issuance of new licenses, and leveraged the pre-established commercial distribution channels developed to generate scalable revenue generation and profit. These activities are focused on establishing consistent channels of education and engagement, building sustained relationships and generating scientific data. This data and these channel relationships are being utilized to develop and advance cannabis product availability in the market. This is achieved in coordination with government, medical and financial organizations to increase market awareness and knowledge. The overall goal being to continue to enhance Khiron's robust business model while working to improve access for patients, and make medical cannabis available and affordable throughout the markets in which the Company operates.
Additional filings relating to the Company's progress and milestones can be found on the Company investor website at www.investors.khiron.ca and all filings are available for review on the Company's SEDAR profile at www.sedar.com.
Medical Cannabis Products
Wellness Products
Cultivation, Extraction and Testing Facilities
Management Commentary
Mr. Alvaro Torres, CEO and Director of Khiron, comments: "I am pleased to share an update on the commercial and operational status of the Company, as well as provide a statement on our current initiatives and future objectives. In this interim corporate progress update, my goal is to assure all our stakeholders that Khiron is on schedule for meeting its goals, and committed to going beyond the highest standards in the industry, from regulatory compliance, cultivation, extraction, production QAQC, innovation, market entrance and distribution support, education and shareholder value creation."
About Khiron
Khiron Life Sciences Corp strives to be the dominant integrated cannabis company in Latin America. The Company has core operations in Latin America and is fully licensed for the cultivation, production, domestic distribution, and international export of both THC (tetrahydrocannabinol) and CBD (cannabidiol) medical cannabis. The company delivers best in class regulatory compliance, has the first approved CBD cosmetic products on shelf, while it facilitates testing to meet and surpass all license requirements for commercial cannabis derived products.
With a focused regional strategy and patient oriented approach, the Company combines global scientific expertise, agricultural advantages, branded product market entrance experience and education to drive prescription and brand loyalty to address priority medical conditions such as chronic pain, epilepsy, depression and anxiety in the Latin American market of over 620 million people. Khiron is led by Co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced executive team, and a knowledgeable Board of Directors that includes former President of Mexico, Vicente Fox.
Further information on Khiron Life Sciences can be found at https://investors.khiron.ca/
Cautionary Notes
Market and Industry Data
This press release contains market and industry data and forecasts that were obtained from third-party sources, industry publications and publicly available information. Third-party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although management believes it to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this press release, or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources.
Forward-Looking Statements
This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements may be identified by statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking statements herein include, but are not limited to, statements regarding the final acceptance of the TSXV and the commencement of sales in Mexico. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Khiron undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of Khiron, its securities, or financial or operating results (as applicable). Although Khiron believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statement has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond Khiron's control, including the risk factors discussed in Khiron's Annual Information Form which is available on Khiron's SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and are made as of the date hereof. Khiron disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
United States Disclaimer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
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SOURCE Khiron Life Sciences Corp.
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