TORONTO, March 28, 2019 /CNW/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America, announced today its participation, through Matt Murphy's appointment, in the newly formed National Cannabis Roundtable ("NCR"), a campaign aimed at reforming US federal cannabis laws. The NCR will focus on advocating for a rational legal framework for cannabis reform in the US with former Speaker of the House, John Boehner, serving as Honorary Chairman.
Matt Murphy, Khiron Vice President of Compliance, who will represent the Company on the NCR, stated, "With two-thirds of Americans indicating support for legalization of cannabis in some form, and safety and security being central to our mission across the entire supply chain, we believe that now is the time to work alongside our colleagues to inform and advocate for an open market that improves lives, creates jobs and establishes a national cannabis industry for the 21st century."
As Vice President of Compliance for Khiron and former Chief of Pharmaceutical Investigations for the U.S. Drug Enforcement Administration ("DEA"), Mr. Murphy is an executive leader with broad based domestic and international expertise in both the federal and private sectors. As a career Special Agent with the DEA for 25 years, he served in a multitude of positions in the fields of drug law enforcement, risk assessment and system development, regulatory compliance, and training. Mr. Murphy directs the Company's compliance activity by implementing closed loop systems to prevent product diversion and to enhance standard operating procedures across Khiron's plant-to-patient value chain based on the DEA protocols used to enforce compliance for the handling and distribution of controlled substances in the U.S.
About the National Cannabis Roundtable
The legal cannabis boom promises to contribute billions of dollars to the US economy over the next decade - creating jobs, advancing new health science and adding momentum to criminal justice reform.
The National Cannabis Roundtable (NCR) promotes common sense federal regulation, tax equality and financial services reform and supports changing federal law to acknowledge states' rights to regulate and manage cannabis policy. The National Cannabis Roundtable is chaired by former Speaker of the U.S. House of Representatives John A. Boehner. For information visit https://nationalcannabisroundtable.org
Khiron Life Sciences Corp. is a vertically integrated medical cannabis company with its core operations in Latin America. Fully licensed in the fall of 2017 in its initial country of Colombia for the cultivation, production, domestic distribution, and international export of both THC (tetrahydrocannabinol) and CBD (cannabidiol) medical cannabis, Khiron has since undertaken entrance to markets in Chile, Uruguay, Peru and Mexico. In May 2018, Khiron listed on the TSX Venture Exchange, becoming one of the first Colombian based medical cannabis companies to trade on any exchange globally.
With strategic market entrance capability, Khiron leads with its developed doctor educational training and patient benefit oriented approach. The Company combines global scientific expertise, agricultural advantages, branded product market entrance experience and education to drive prescription and brand loyalty to address priority medical conditions such as chronic pain, epilepsy, depression and anxiety, initially, in the Latin American market of over 620 million people. Khiron is led by Co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced executive team, and a knowledgeable Board of Directors that includes former President of Mexico, Vicente Fox.
Further information on Khiron Life Sciences can be found at https://investors.khiron.ca/
Market and Industry Data
This press release contains market and industry data and forecasts that were obtained from third-party sources, industry publications and publicly available information. Third-party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although management believes it to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this press release, or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources.
This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements may be identified by statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking statements herein include, but are not limited to, statements regarding the final acceptance of the TSXV and the commencement of sales in Mexico. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Khiron undertakes no obligation to comment 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 are 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.
SOURCE Khiron Life Sciences Corp.
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