- Khiron’s largest shipment to date of EU-GMP certified medical cannabis product arrives in Germany
- Khiron 20/1, a THC-dominant Cannabis flower, becomes second Khiron-branded product to launch in Germany, having been prescribed in the UK
- 36.6kg shipment expected to have positive impact on Q2 2021 medical cannabis sales in Europe
- German medical cannabis market positioned for significant growth with national insurance coverage and an estimated patient base of over 100,000
TORONTO, June 8, 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 receipt of the Company’s largest ever shipment of EU-GMP certified medical cannabis product for distribution and sale into the German market.
Recently, Khiron’s German distribution partner, Nimbus Health GmbH, received approximately 36kg of Khiron 20/1 medical cannabis product, a THC-dominant cannabis flower product which has been prescribed to patients in the UK since July 2020. The new product increases the Company’s German medical cannabis offering, which now includes both THC-dominant and CBD-dominant Cannabis products. As a result of the shipment, the Company expects to increase its European medical cannabis sales in the second quarter of 2021.
“As we launch another new product into Germany and more than triple our shipment volumes, our European team continues to demonstrate strong execution and leadership. In line with our Mission of improving patients’ lives through medical cannabis, we continue to expand our offering of EU-GMP cannabinoid-based medicines. Simultaneously, we are developing additional products based on our Colombian extracts, whose efficacy and safety are backed by real-world evidence from over 20,000 prescriptions,” comments Alvaro Torres, CEO and Director.
Khiron’s European product portfolio now includes both THC-dominant and CBD-dominant cannabis flower products available for sale in Germany and the UK, two of the largest chronic pain markets in Europe. Over the coming months, the Company plans to increase patient access by expanding its product offering and medical education initiatives.
