Khiron receives its largest European medical cannabis shipment to date

Rhea-AI Summary

Khiron Life Sciences Corp. has received its largest shipment of EU-GMP certified medical cannabis to date, weighing 36.6kg. This shipment includes Khiron 20/1, a THC-dominant cannabis flower, expanding its offerings in the German market. The company anticipates a positive impact on Q2 2021 sales as Germany's medical cannabis market is projected to grow significantly, with over 100,000 patients. This product has been prescribed in the UK since July 2020. Khiron aims to enhance patient access and expand its product line in Europe.

Positive

• Largest shipment of EU-GMP certified medical cannabis received, expected to boost Q2 2021 sales.
• Khiron 20/1 is the second product launched in Germany, enhancing product diversity in the region.
• Germany's medical cannabis market is poised for growth with national insurance coverage and over 100,000 patients.

Negative

• None.

• Khiron's largest shipment to date of EU-GMP certified medical cannabis product arrives in Germany
• Khiron 20/1, a THC-dominant Cannabis flower, becomes second Khiron-branded product to launch in Germany, having been prescribed in the UK
• 36.6kg shipment expected to have positive impact on Q2 2021 medical cannabis sales in Europe
• German medical cannabis market positioned for significant growth with national insurance coverage and an estimated patient base of over 100,000

TORONTO, June 8, 2021 /PRNewswire/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a vertically integrated medical cannabis leader with core operations in Latin America and Europe, is pleased to announce the receipt of the Company's largest ever shipment of EU-GMP certified medical cannabis product for distribution and sale into the German market.

Recently, Khiron's German distribution partner, Nimbus Health GmbH, received approximately 36kg of Khiron 20/1 medical cannabis product, a THC-dominant cannabis flower product which has been prescribed to patients in the UK since July 2020. The new product increases the Company's German medical cannabis offering, which now includes both THC-dominant and CBD-dominant  Cannabis products.  As a result of the shipment, the Company expects to increase its European medical cannabis sales in the second quarter of 2021.

"As we launch another new product into Germany and more than triple our shipment volumes, our European team continues to demonstrate strong execution and leadership. In line with our Mission of improving patients' lives through medical cannabis, we continue to expand our offering of EU-GMP cannabinoid-based medicines. Simultaneously, we are developing additional products based on our Colombian extracts, whose efficacy and safety are backed by real-world evidence from over 20,000 prescriptions," comments Alvaro Torres, CEO and Director.

Khiron's European product portfolio now includes both THC-dominant and CBD-dominant cannabis flower products available for sale in Germany and the UK, two of the largest chronic pain markets in Europe. Over the coming months, the Company plans to increase patient access by expanding its product offering and medical education initiatives.

About Khiron Life Sciences Corp.
Khiron is a leading vertically integrated medical cannabis company with core operations in Latin America and Europe. Leveraging wholly-owned medical health centres and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and agricultural infrastructure to drive prescriptions and brand loyalty with patients worldwide. The Company has a sales presence in Colombia, Peru, Germany and the UK, and is positioned to commence sales in Mexico and Brazil in 2021. 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 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.

Investor Contact: 
Paola Ricardo
E: investors@khiron.ca
T: +1 (647) 556-5750

Media Contact:
Peter Leis
Europe Communications
E: pleis.ext@khiron.ca

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SOURCE Khiron Life Sciences Corp.

FAQ

What is the significance of Khiron's shipment to Germany?

Khiron's shipment is the largest of its kind to date, expected to positively impact Q2 2021 sales in the German medical cannabis market.

What product did Khiron launch in Germany?

Khiron launched Khiron 20/1, a THC-dominant cannabis flower, in Germany, which has already been prescribed in the UK since July 2020.

How much cannabis did Khiron ship to Germany?

Khiron shipped approximately 36.6kg of medical cannabis to its German distribution partner.

What is the current state of the German medical cannabis market?

The German medical cannabis market is growing, supported by national insurance coverage and an estimated patient base of over 100,000.