/R E P E A T — Khiron Enters Exclusive Partnership with RAPPI, Latin America’s premier Residence Multi-Vertical App Platform/

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• Rappi could be the biggest house multi-Vertical application in Latin America , which received a USD 1 Billion investment from Softbank Group Corp. and Softbank Vision Fund, reaching unicorn status in 2019. Rappi runs in Brazil , Colombia , Mexico , Argentina , Chile , Costa Rica , Uruguay , Ecuador and Peru , which together represent a populace of over 600 million individuals.
• Rappi’s multi-vertical application provides banking that is digital re payment solutions, along with sets from meals to pharmaceutical services and products, customer package products and courier solutions, with on average significantly more than 10 million active users month-to-month, in accordance with research firm Apptopia.
• Expansive contract begins by having a 6-month exclusive distribution between Rappi and Khiron to introduce and circulate the business’s CPG product portfolio across Latin America through the Rappi platform.
• Using the possibility future expansion, the partnership permits Khiron to introduce its CBD products in almost every nation where Rappi has a proven existence, leveraging a quickly growing trend toward online sales and last-mile distribution. The contract is anticipated to cut back general item launch and, logistics expenses, increasing accessibility and contact with scores of customers, and enhancing margins both for events.
• The Kuida TM in-app shop within Rappi was released in Colombia in might 2020 . The firms plan to expand circulation through RappiВґs consumer that is fast growing to Uruguay and Costa Rica , where Kuida happens to be authorized, along with other nations such as for instance Brazil , Mexico and Chile , at the mercy of regulatory approvals.

TORONTO , Sept. 3, 2020 /CNW/ – Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN), (OTCQX: KHRNF), ( Frankfurt : A2JMZC), a vertically incorporated cannabis frontrunner with core operations in Latin America and European countries , announced today so it has entered into a unique circulation contract with Rappi SAS, the best Latin American last-mile multi-vertical platform that is supported by having a USD 1 billion investment from Softbank Group Corp., and Softbank Vision Fund. The agreement that is expansive a 6-month exclusive distribution partnership between Rappi and Khiron to introduce and circulate the business’s CPG item portfolio across Latin America through the Rappi platform, beginning with Kuida TM , the business’s branded CBD skincare manufacturer product line, with all the possible to construct in the partnership with time.

Beyond a typical merchant contract, this expanded partnership presents the Company’s CBD-based well-being items to an incredible number of Rappi users across Latin America through its advanced technology and advanced, customer-centric advertising methods. Utilizing the Kuida store already launched on Rappi in might 2020 when it comes to Colombian market, circulation is going to be expanded to Uruguay and Costa Rica , where Kuida happens to be recently authorized. The business additionally promises to introduce its manufacturer product line through Rappi’s fast consumer that is growing to nations such as for example Brazil , Mexico , Ecuador and Chile , at the mercy of regulatory approvals.

Colombia’s Rappi may be the market leading application that is multi-vertical Latin America by having a existence in Brazil , Colombia , Mexico , Argentina , Chile , Ecuador , Costa Rica , Uruguay and Peru . Through its platform, clients purchase items and solutions and home that is receive across multiple groups, including, medical, wellness, https://hookupdate.net/sapiosexual-dating/ grocery, restaurants, pharmacies, drink and expert solutions amongst others. In addition, the application has a wallet that is virtual RappiPay TM , where users will make P2P transfers and payments. Rappi has on average a lot more than 10 million users that are active, in accordance with research company Apptopia, supplying deliveries for pretty much 100,000 organizations in LatAm, including over 13 million deliveries in Colombia alone.

“Rappi could be the delivery brand name that everybody in Latin America understands and utilizes daily. The partnership with Rappi decreases our item launch and logistics expenses and transforms our exposure and availability to an incredible number of clients throughout the area. Rappi may be the last-mile distribution brand name that may help us bring Khiron product to more clients than in the past. We’re proud to determine this first-of-its-kind partnership between those two businesses, that are both industry leaders in LatAm, and had been both created by Colombians,” comments Alvaro Torres , Khiron CEO and director.

“Due to the fact marketplace for consumer cannabis services and products globalizes it really is a normal fit for us to partner with Khiron to fulfill our application usersВґ needs. Like us, they truly are a recognized frontrunner in the area, as well as an innovator in bringing quality items to market, “commentary Simon Borrero , Rappi SAS CEO.

About Khiron Lifetime Sciences Corp.

Khiron Life Sciences Corp. may be the dominant built-in cannabis that are medical in Latin America . Khiron has core operations in Latin America , along side task in the united states and European countries , and it is certified in Colombia for the cultivation, manufacturing, domestic circulation, and worldwide export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. The organization delivers finest in course regulatory conformity, is completely authorized to produce and fill prescriptions for high- and low-THC medical cannabis in Colombia and has now the initial approved type of CBD aesthetic items on rack in Colombia, and for sale in the usa plus the great britain .

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 in the Latin American market of over 620 million people with a focused regional strategy and patient oriented approach. The organization is led by Co-founder and Chief Executive Officer, Alvaro Torres , as well as a skilled professional team, and an educated Board of Directors which includes previous President of Mexico , Vicente Fox .

Cautionary Notes

Forward-Looking Statements

This news release may include specific “forward-looking information” and “forward-looking statements” in the concept of relevant securities legislation. All information contained herein that is not historic in general may represent information that is forward-looking. Khiron undertakes no responsibility to comment analyses, objectives or statements created by third-parties in respect of Khiron, its securities, or monetary or running results (as relevant). Although Khiron thinks that the objectives reflected in forward-looking statements in this pr release are reasonable, such statement that is forward-looking been considering objectives, facets and presumptions concerning future activities that may show to be inaccurate and are usually susceptible to numerous dangers and uncertainties, particular of that are beyond Khiron’s control, like the danger factors discussed in Khiron’s yearly Information Form that will be available on Khiron’s SEDAR profile at sedar . The forward-looking information included in this news release is expressly qualified by this cautionary declaration as they are made as of the date hereof. Khiron disclaims any intention and has now no responsibility or obligation, except as needed for legal reasons, to upgrade or revise any forward-looking information, whether as a consequence of brand new information, future activities or else.

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