Khiron Life Sciences (TSXV:KHRN,OTCQB:KHRNF) President Chris Naprawa believes that legalization in Brazil and Mexico is forthcoming and that the company is well positioned to capitalize on the Latin American medical cannabis market.

In the interview below, Naprawa talked about the significance of the company’s recently closed acquisition of NettaGrowth, a Latin America export-focused cannabis company based in Uruguay. NettaGrowth’s export license is expected to allow Khiron to ship medical cannabis into Brazil once regulations are finalized. Naprawa believes that Brazil will be the world’s largest medical cannabis market.

He provided his views on the major catalysts in the global cannabis markets as well, including that legalization in the US at the federal level will incentivize other countries throughout the globe to follow suit. According to Naprawa, the biggest catalyst in the cannabis industry went completely unnoticed last year. Mexico brought forth cannabis regulations that would approve legalization to the Supreme Court; however, the government has not passed any formal regulations at this point. He is hopeful that legalization will happen by the end of the year due to the support for cannabis reform.

Naprawa also touched on Khiron’s plans for its Kuida wellness product line. Khiron has expanded its shelf presence from 48 stores last year and is aiming to be in 400 by the end of the year.

Below is a transcript of our interview with Khiron President Chris Naprawa. It has been edited for clarity and brevity.

Investing News Network: Please tell us about Khiron and some of your recent developments.

Khiron President Chris Naprawa: Khiron’s goal is to be the dominant player in Latin America. Since we went public in May 2018, we’ve acquired three companies, expanded into six countries, grown our staff to 250 people and we’re making commercial sales. I think we’ve started to achieve our goal and we’re working hard to maintain and extend our lead.

INN: Could you please tell us about the Kuida brand and how it fits into your growth strategy?

CN: We’re focused on two things: customers and patients. We want to be in every product category and country that we should be in. Kuida is the first federally approved cannabis product on the shelf in Latin America. It’s our entrance into the wellness category and is a line of topical products for women. We were in 48 stores last year and aim to be in 300 to 400 this summer. We have product approvals in Peru, among other countries, and we’re expanding beyond our base in Colombia. If anyone wants to learn more about the line, they can find it at the Kuida website.

INN: Please tell us about the Latin American cannabis markets and how you position yourself for success in multiple jurisdictions.

CN: Most people associate the Latin American cannabis market with low-cost cultivation and exporting cannabis products. Khiron, though, is focused on serving the unmet needs of the 620 million people in Latin America. It’s a big place, and the regulations differ between countries. Cannabis is a global phenomenon, and it’s taking root in our market.

The Latin American markets are primarily medical, except for Mexico and Uruguay. You need to be set up to win on the medical side, which is why we acquired ILANS last year. We have 65 full-time positions, and we expect our staff to be able to prescribe medical cannabis to patients soon. ILANS, however, is just one way to acquire patients. Our other tactic is doctor education. We’ve signed agreements with every major medical association in Latin America to ensure that doctors will prescribe medical cannabis, as they won’t if their association does not endorse it. We also conduct doctor symposiums, where we host cannabis medical education training. We’ll be holding up to six conferences this year.

INN: Khiron recently received regulatory approval for NettaGrowth in Uruguay. Could you expand on the importance of this acquisition?

CN: The NettaGrowth acquisition has brought solid managers and regulatory experts to our company. Although regulations are not in place yet, Brazil is expected to be the largest medical market in the world, and to be successful in that market, we need to start positioning ourselves now. Uruguay is the beachhead for the Brazilian market due to the trade agreement between the two countries, and we have export licenses around the world for CBD and THC. We’re currently not in that market right now, but we may enter it with a partner in the future.

INN: What large, international catalysts in the cannabis sector would be the most beneficial for Khiron?

CN: If cannabis is legalized in the US, it’ll be legalized around the world. It’s hard to predict what will happen there, but the Farm Bill and easing of banking regulations are a good sign. Easing banking restrictions will loosen up the rest of the world as it is dependent on the US market.

The biggest catalyst last year went completely unnoticed. Mexico had three seminal advantages in the legislation and the Supreme Court. There’s no opposition to legalization in Mexico, and it’ll be the first major Latin American country to legalize federally. Mexico has about 120 million people and is pretty much a top 10 country in the product category for cell phones, beverages and automobiles. Why wouldn’t cannabis be the same?

INN: What is the timeline for Mexican legalization?

CN: If you asked me six months ago I would have said I thought we’d be there by now, but these things take time. I hope it will happen this year, but as we saw in Canada and Germany, the regulators have backed off. We need to give them some time to get things right. There’s no opposition to legalization and an over 60 percent approval rating, which mimics the medical cannabis sentiments in the US.

We’ve hired a country manager in Mexico, and President Fox, who sits on our board, is there as well. We held the first medical conference in Mexico City in February, and we just co-hosted an event with President Fox at his library in Guanajuato. Over 1,500 people attended the event and showed their support for legalization. The electorate clearly wants this, so I believe that the politicians will listen.

This interview is sponsored by Khiron Life Sciences (TSXV:KHRN,OTCQB:KHRNF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Khiron Life Sciences Corp., in order to help investors learn more about the company. Khiron Life Sciences is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Khiron Life Sciences and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).

The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.

Keep reading... Show less

Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands

In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

Keep reading... Show less

Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.

Keep reading... Show less

Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value

Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).

Keep reading... Show less

Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.

Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.

Keep reading... Show less