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    KHRN   CA49374L3065

KHIRON LIFE SCIENCES CORP.

(KHRN)
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Khiron Life Sciences : provides European management updates

06/14/2021 | 05:37pm EDT

TORONTO, June 14, 2021 /CNW/ - 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 appointment of Franziska Katterbach as President, Khiron Europe to replace Tejinder Virk, who has resigned from the Company.

Franziska Katterbach Appointed President of Khiron Europe
Since her appointment in October 2019 to the role of Managing Director and Chief Legal Counsel, Khiron Europe, Ms. Katterbach has been at the forefront of Khiron's European operations. Franziska's promotion to the position of President aligns with the Company's commitment to diversity and inclusion throughout the organization, including at the Executive level.

"I would like to congratulate Franziska on her appointment, which comes at a very exciting time for our European team. Since joining Khiron, Franziska has been a driving force behind our European operations. Her regulatory expertise, strong leadership skills and exceptional day-to-day management of operations have allowed us to develop a differentiated, asset-light platform. Most recently, the European team launched another new product into the German market while more than tripling shipment volumes, demonstrating strong execution in Europe's largest market," comments Alvaro Torres, CEO and Director.

Franziska Katterbach, President, Khiron Europe, comments, "I am a great believer in Europe's medical cannabis market and am honoured to lead our world-class team as we expand patient access, along with our market presence, in Germany and the UK. On behalf of the Company, I would like to thank Tejinder for his many contributions to our European operations and wish him well in his future endeavors."

Mr. Virk´s resignation will result in the forfeiture of 2.2 million stock options and 600,000 restricted share units previously awarded.

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.

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/khiron-provides-european-management-updates-301311923.html

SOURCE Khiron Life Sciences Corp.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 15,3 M 12,3 M 12,3 M
Net income 2021 -22,2 M -17,8 M -17,8 M
Net cash 2021 11,0 M 8,82 M 8,82 M
P/E ratio 2021 -1,53x
Yield 2021 -
Capitalization 54,6 M 43,8 M 43,8 M
EV / Sales 2021 2,85x
EV / Sales 2022 0,97x
Nbr of Employees -
Free-Float 94,7%
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Number of Analysts 2
Last Close Price 0,31 CAD
Average target price 0,95 CAD
Spread / Average Target 211%
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Managers and Directors
Álvaro F. Torres Chief Executive Officer & Director
Joel Friedman Chief Financial Officer
Chris Naprawa Chairman
Jairo Espinoza Vice President-Medical Affairs
Manuel Buendia Vice President-Operations
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