Khiron Announces Upcoming Investor Events and Grant of Options and Restricted Share Units

 
 

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 that the Company´s management will be participating in the following investor:

 
 

  Khiron Life Sciences Corp. Logo (CNW Group/Khiron Life Sciences Corp.) 

 
 

  Jefferies Healthcare Conference
Date: June 2   nd , 2021
Time: 4:00pm ET  
To register: https://wsw.com/webcast/jeff174/khrn/1858869  

 

  Benzinga Virtual Cannabis Capital Conference  

 
  •   Panel Discussion: The Companies Driving International Market Growth
    Date: Thursday, June 3   rd , 2021
    Time: 1:15pm ET  
  •  
  •   Corporate Presentation
    Date: Thursday, June 3   rd , 2021
    Time: 1:55pm ET  
  •  

To register: https://events.benzinga.com/squeeze-page-422415971607984646162  

 

  Cantor Fitzgerald International Cannabis Forum
Date: June 28   th , 2021
Time: 11:00am ET  
To register: https://zoom.us/webinar/register/WN_V-xX3gY5SxKKSSNOHQnlSw

 

To receive additional information, request an invitation, or schedule a one-on-one meeting with Khiron management, please contact your Conference representative or the Company's investor relations team at investors@khiron.ca  

 

  Recent Company Highlights:  

 
  • Insurance coverage in Colombia continues to be a catalyst for growth, with more than 7,500 prescriptions filled in Q1 2021 and over 19,000 prescriptions filled to date. With continued month-over-month growth, Q2 2021 continues to build on the achievements of Q1 2021.
  •  
  • Insurance coverage continues to improve patient access to medical cannabis, with the percentage of prescriptions issued and covered by insurance increasing from over 40% in Q4 2020 to over 60% in Q1 2021.
  •  
  • Returning medical cannabis patients in Colombia reached nearly 50% in Q1 2021, as compared to approximately 20% in Q3 2020, providing a more stable Medical Cannabis revenue base.
  •  
  • Khiron real-world evidence is improving physician engagement, patient outcomes and strategic decision-making; initial results show significant benefits to quality of life, as well as significant cost benefit to key insurance clients.
  •  
  • In March 2021 , Khiron commenced sales in Germany with the successful delivery of EU-GMP medical cannabis products. Khiron 1/14 (High CBD flower) has been used to treat indications such as anxiety, substance-use disorder and migraines.
  •  
  • The Company continues to advance its operations in the UK. In April 2021 , the Company introduced Khiron 1/14 (High CBD flower) in addition to 5-gram jars of flower products. In addition, the Company's medical cannabis e-learning certification, Khiron Academy, recently received accreditation for Continuing Professional Development credits in the UK.
  •  

  Grants of Options and Restricted Share Units:  

 

The Company also announces the award of stock options ("Options") and restricted share units ("RSUs") under the Company's amended and restated RSU and Option plans on May 31, 2021 , to the following executive officers:

 
 
                            
 

   Name   

 
 

   Title/Position   

 
 

   Number of Options or RSUs   

 
 

   Exercise Price, Vesting Schedule and Expiry Date   

 
 

  Juan Diego Alvarez  

 
 

  VP Regulatory  

 
 

  70,500 RSUs  

 
 

   RSU Vesting Schedule:   

 

  10% on the Grant Date  

 

  15% 6 months after the Grant Date  

 

  25% 12 months after the Grant Date  

 

  25% 18 months after the Grant Date  

 

  25% 24 months after the Grant Date  

 

   Expiry Date: December 15, 2024  

 
 

  Manuel Buendia  

 
 

  VP Operations  

 
 

  75,000 RSUS  

 
 

  Rodrigo Duran  

 
 

  VP Pharma  

 
 

  85,000 RSUs  

 
 

  Elsa Navarro  

 
 

  VP Marketing & Communications  

 
 

  59,000 RSUs  

 
 

  Franziska Katterbach  

 
 

  Chief Legal Officer and Managing Director, Khiron Europe  

 
 

  1,400,000 Options  

 

  600,000 RSUS  

 
 

   Option Exercise Price : $0.75 per share  

 

   Option Vesting Schedule:   

 

  533,334 on the Grant Date  

 

  266,667 on November 27, 2021  

 

  600,000 on or before December 31, 2021, conditional on achievement of specific performance targets  

 

   Option Expiry Date: May 31, 2026  

 

   RSU Exercise Price : Not applicable  

 

  600,000 RSUs vest achievement of specific performance targets on or before December 31, 2021  

 

   RSU Expiry Date: December 15, 2024  

 
 

  Tejinder Virk  

 
 

  President and Managing Director, Khiron Europe  

 
 

  1,400,000 Options  

 

  600,000 RSUS  

 
 
 

   TOTAL Options   

 

   TOTAL RSUs   

 
 

   2,800,000   

 

   1,489,500   

 
 
 
 

  About Khiron Life Sciences Corp.
Khiron is a vertically integrated medical and CPG cannabis company with core operations in Latin America , and operational activity in Europe and North America . Khiron is the leading medical cannabis provider in Colombia and the first company licensed in Colombia for the cultivation, production, domestic distribution and sales, and international export of both low and high THC medical cannabis products. The Company has filled medical cannabis prescriptions in Colombia , Peru , Germany and the United Kingdom , and is positioned to commence sales in Mexico and Brazil in 2021.

 

Leveraging wholly-owned medical clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and agricultural infrastructure to drive prescriptions and brand loyalty. Its Wellbeing Products unit launched the first branded CBD skincare brand in Colombia , with Kuida™ now marketed in multiple jurisdictions in Latin America , the US and United Kingdom . The Company is led by Co-founder and Chief Executive Officer, Alvaro Torres , together with an experienced and diverse executive team and Board of Directors.

 

Visit Khiron online at investors.khiron.ca  

 

Cautionary Notes

 

  Forward-Looking Statements  

 

This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Khiron undertakes no obligation to comment on 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 is 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.

 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/khiron-announces-upcoming-investor-events-and-grant-of-options-and-restricted-share-units-301302479.html  

 

SOURCE Khiron Life Sciences Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2021/31/c9670.html  

 
 

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