Status Accelerates Ability to Bring New Products and Services to Market
The National Interest Strategic Project certification ("PINES") was established by the Government ofColombia to prioritize the development of specific projects or companies that are deemed by the Government to be able to significantly increase the national economy- Khiron's PINES certification as a Colombian Pharmaceutical Producer of Global Cannabis immediately simplifies and accelerates administration and processes for the Company in executing strategic projects in
Colombia and for export - Under the plan presented to the Government, Khiron will aim to register and introduce more than 4 SKU's in the Medical Cannabis Category and at least 10 SKU's in the Consumer Packaged Goods Category (Foods & beverages, supplements, Pets, skin care, etc.), for the domestic market of
Colombia and for export of finished products - Certification demonstrates not only the Government of
Colombia's commitment to the medical cannabis industry inColombia , but also its support of Khiron's business plan to create value added products in the medical and CPG cannabis industry for domestic market and for export - Khiron is one of three companies to obtain this status, placing the Company at the forefront of the industry in
Colombia
"The PINES status provides our operations in
PINES has historically focused on large, resource sector and infrastructure programs in
Khiron benefits from the PINES certification by simplifying and accelerating the process for its projects in order to specifically advance: the inclusion of medical cannabis within the list of medications covered by the federal health system, the registration of finished products, currently including four pharmaceutical products and at least 10 CPG SKU's among others, and export of the health service delivery model to serve potential medical cannabis patients in other countries, and the development of clinical studies and data collection that support the effectiveness and safety of these products.
About
Khiron is a vertically integrated medical and CPG cannabis company with core operations in
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
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.
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