Khiron Sets A Milestone As First Colombian Medical Cannabis Company To Export To Europe
Ryan Allway
April 5th, 2021
News
Khiron Life Sciences (TSX.V: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) (“Khiron” or the “Company”) is a vertically integrated cannabis leader with core operations in Latin America and Europe. As cannabis legalization expands globally, Prohibition Partners’ stats predict by 2024 the European market will be worth nearly $2.5 billion, and many want in. Some companies have already taken steps to get their foot in the door, Khiron Life Sciences among them.
Leading the Way Overseas
In a recent press release, Khiron announced its achievement in transporting live clone cannabis strains from its Colombia-based cultivation site to Europe. The company seeks to grow its existing European offering, currently in the United Kingdom (U.K.) and Germany, by introducing dried flower and cannabis-based medicinal products. These products’ efficacy and safety continue to be validated in Colombia and Peru, where over 13,000 prescriptions have been written to date.
In collaboration with Nimbus Health, a leading medical cannabis distributor in Germany, Khiron is now positioned for imminent first sales in Germany. Khiron products are currently in inventory in the Nimbus warehouse, ready to be prescribed to patients and distributed through a vast network of 300 pharmacies across Germany.
Khiron is confident that its model has been proven in cultivation, strain, process, delivery systems and IP developed through clinics. Because of this, the company expects to accelerate the production and delivery of EU-GMP-certified medical cannabis products through its European team of contract manufacturing and distribution partners.
One way the company is adapting to the EU market will be via its delivery systems — dried flower as opposed to extract or medicinal preparations that are used within Colombian and other Latin American markets.
How Plant Clones Work
“A clone is a cannabis plant that is a genetic copy of a mother plant. These clones were cut from our THC and CBD-bearing mother plants in Colombia, which are used to make medicines for thousands of our patients in LatAm, over 13,000 paid prescriptions to date and growing quickly,” commented Tejinder Virk, Khiron’s managing director and president of its European team.
He added, “Europe has a population of nearly 748 million people and there is enormous patient need for cannabis-based medicines. However, doctors in Europe need solid clinical evidence to confidently prescribe medical cannabis for ailments such as pain, sleep, anxiety, etc. By replicating our Colombian magistrals as EU GMP-certified medicines, we aim at providing European doctors with practical, clinical evidence from Colombia. This will also help ensure European patients get safe and efficacious treatment.”
Khiron believes that its medical cannabis products have shown strong evidence as alternative treatments for ailments such as chronic pain, anxiety, insomnia, depression, epilepsy, migraines and Parkinson’s disease. As the company’s vertically-integrated seed-to-patient business model experiences tremendous success in Colombia, it predicts equal results overseas.
About the Company
Khiron Life Sciences 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 first company licensed in Colombia for cultivation, production, domestic distribution and sales, as well as international export of both low and high THC medical cannabis products. Its Wellbeing unit launched the first CBD skincare brand in Colombia with Kuida™, now marketed in multiple jurisdictions in Latin America, the U.S. and the U.K.
Khiron’s products are manufactured in GMP GEP-compliant facilities in Colombia, where they are standardized and stabilized according to the U.S. Pharmacopeia analytics standard (USP42). The company’s current cultivation area is 80,000 sq. ft. with up to 20 hectares available for expansion. This could be considered small compared to other global companies, but Khiron believes it’s sufficient for its demand.
The company has filled medical cannabis prescriptions in Colombia, Peru and the U.K., and is positioned to begin sales of medical cannabis in Germany and Brazil in early 2021.
Khiron is led by Co-Founder and CEO Alvaro Torres, together with an experienced and diverse executive team and board of directors. Its mission is to improve the quality of life of patients and consumers through the applied use of cannabis and technology. The Company’s vision is to reach 1 million patients and consumers by 2024.
To read Khiron’s full press release go HERE.
To access more info on Khiron Life Sciences visit investors.khiron.ca.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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