PR Newswire
TORONTO, July 27, 2020
TORONTO, July 27, 2020 /PRNewswire/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN), (OTCQX: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, is pleased to provide a corporate update on its commercial operations ahead of Q2 earnings which will be announced on August 24th 2020. The update reflects the Company's revenue generation activities and continued position as the only company with medical cannabis sales in Colombia.
"Through our branded clinics in Colombia, third-party pharmacies, educations programs, and expanded global markets we are fully focused on revenue generation and meeting patient needs in Latin America and globally. We continue our competitive advantage in Colombia as the only company in the country that is dispensing medical cannabis to patients, and I am pleased to report that we have now surpassed our first 1,000 medical cannabis patient prescription milestone in just the first 10 weeks since we began sales activity. This, despite a global pandemic that has impacted world economies, represents a very important achievement for us," comments Alvaro Torres, Khiron CEO and director.
"Throughout the COVID-19 crisis we have been prudently managing our financial resources through reduced expenses and held approximately $20 Million in cash at the end of June 2020, allowing us to continue to deliver on our objectives in Colombia, and grow international activity," continues Torres.
Key Company highlights across its business units, including;
Khiron Med
Khiron Health
"Telehealth has been instrumental in expanding access to care at a time when the pandemic has restricted patient's ability to see their doctors. At Khiron we take the role of technology in increasing patient adoption very seriously and we will keep on improving our systems to provide patients with a seamless experience in Colombia and the countries where we have a presence," comments Torres.
A recording of the recent Zerenia virtual tour with CEO Alvaro Torres can be viewed here: https://bit.ly/32YqsSO
Cost Management
Khiron will release its Q2 earnings on August 24, 2020.
About Khiron Life Sciences Corp.
Khiron is a vertically integrated medical and CPG cannabis company with core operations in Latin America, and operational activity in Europe and North America. Khiron is the leading cannabis company in Colombia and the first company licensed in Colombia for the cultivation, production, domestic distribution, and international export of both low and high THC medical cannabis products. The Company has presence in Mexico, Peru, Uruguay, Brazil, UK, Spain and Germany, where it is positioned to begin sales of medical cannabis.
Leveraging its first-mover advantage, and patient oriented approach, Khiron combines global scientific expertise, product innovation, agricultural infrastructure, wholly-owned medical clinics, and online doctor education programs to drive prescription and brand loyalty to address priority medical conditions. Its Wellbeing unit launched the first branded CBD skincare brand in Colombia, with KuidaTM now marketed in multiple jurisdictions in Latin America, the US and UK. The Company is led by Co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced and diverse executive team and Board of Directors.
Visit Khiron online at www.khiron.ca, investors.khiron.ca and on Instagram @khironlife.
Cautionary Notes
Forward-Looking Statements
This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Khiron undertakes no obligation to comment on 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 is 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.
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.