Khiron Announces Plans to Open Three Additional Satellite Zerenia Clinics in Colombia by End of Q2

  • Zerenia™ expansion follows successful start to 2021, with paid prescriptions in first 2.5 months of the year exceeding total 2020 prescriptions in Colombia 
  • Satellite clinics proving an effective patient acquisition model; in first two months of 2021, a significant number of new paying patients were acquired through Khiron’s satellite clinics 
  • Khiron recently opened two additional satellite Zerenia™ clinics in major metropolitan centres of Cali and Bucaramanga in Colombia (over 2.5 million population combined), bringing the Company’s total health centre and clinic count to six 
  • As the Company expands its vertical integration model, it plans to open additional satellite clinics in Colombia over the course of the year, in addition to the previously announced clinic strategy in Mexico

Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, today announces that it has opened two additional satellite Zerenia™ clinics in Colombia following the success of its initial small format clinic in Medellin. In line with the Company’s stated strategy, the new satellite clinics in Cali and Bucaramanga opened their doors to patients in early March, 2021. The satellite clinics are located in high-traffic, medical-hub neighbourhoods and are supported by Khiron’s flagship health centres in Bogota.

The new Zerenia™ locations expand Khiron’s clinic network to six, improving access to the Company’s clinic services and medical cannabis products for patients across the country. Patients in Cali and Bucaramanga may now connect with medical specialists trained in the ethical, safe, and responsible prescription of cannabis-based medications in person or through Khiron’s Doctor Zerenia™ telemedicine platform.

“We are off to a great start in 2021 and the Zerenia satellite clinic model is proving to be an exceptional platform for reaching new patients. The rapid expansion of clinics is helping Khiron reach more patients in more places, more conveniently, in these cities. With the opening of two new satellite clinics in Cali and Bucaramanga, Khiron has taken another step toward increasing patient access to medical cannabis, with the objective of improving the quality of life for thousands of people in Colombia. Our unique and proven business model will support our goal of reaching 1,000,000 patients by 2024 in a sustainable manner,” comments Alvaro Torres, Khiron CEO and Director.

Based on positive physician and patient feedback at Khiron’s initial satellite clinics, the Company now plans to expand its clinic presence in major metropolitan centres throughout Colombia. Three additional satellite Zerenia™ clinics, which will focus on treating pathologies such as chronic pain, anxiety, insomnia, depression, headache, epilepsy, and Parkinson’s Disease, are expected to open over the course of the year.

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