/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 app 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 software provides digital banking and re payment solutions, along with sets from meals to pharmaceutical items, customer package products and courier solutions, with on average significantly more than 10 million active users month-to-month, in accordance with research company Apptopia.
  • Expansive contract begins by having a 6-month exclusive circulation between Rappi and Khiron to introduce and circulate the business’s CPG item portfolio across Latin America through the Rappi platform.
  • The partnership allows Khiron to introduce its CBD product lines in every country where Rappi has an established presence, leveraging a rapidly growing trend toward online sales and last-mile delivery with the potential for future expansion. The contract is anticipated to cut back product that is overall and, logistics expenses, increasing supply and experience of scores of customers, and enhancing margins for both events.
  • The Kuida TM in-app shop within Rappi premiered in Colombia in might 2020 . The firms want to expand circulation through RappiВґs consumer that is fast growing to Uruguay and Costa Rica , where Kuida happens to be authorized, as well as 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 with a USD 1 billion investment from Softbank Group Corp., and Softbank Vision Fund. The expansive contract comprises a 6-month exclusive circulation partnership between Rappi and Khiron to introduce and circulate the business’s CPG item portfolio across Latin America through the Rappi platform, you start with Kuida TM , the Company’s branded CBD skincare products, utilizing the possible to construct in the partnership as time passes.

Beyond a typical merchant contract, this expanded partnership presents the business’s CBD-based well-being services and products to an incredible number of Rappi users across Latin America through its advanced technology and advanced, customer-centric advertising techniques. Using the Kuida store currently launched on Rappi in might 2020 for the market that is colombian circulation is supposed to be expanded to Uruguay and Costa Rica , where Kuida happens to be recently authorized. The business additionally promises to introduce its products through Rappi’s fast growing customer base to nations such as for instance Brazil , Mexico , Ecuador and Chile , susceptible to regulatory approvals.

Colombia’s Rappi could 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 services and enjoy house delivery across multiple groups, including, medical, wellness, grocery, restaurants, pharmacies, beverage and professional solutions amongst others. In addition, the applying includes a wallet that is virtual RappiPay TM , where users will make P2P transfers and re re payments. Rappi has on average significantly more than 10 million users that are active, in accordance with research company Apptopia, providing deliveries for pretty much 100,000 organizations in LatAm, including over 13 million deliveries in Colombia alone.

“Rappi may be the distribution brand name that everybody in Latin America understands and uses daily. The partnership with Rappi decreases our product launch and logistics expenses and transforms our accessibility and visibility to an incredible number of clients over the area. Rappi may be the last-mile delivery brand that may help us bring Khiron item to more clients than previously. We have been proud to ascertain this partnership that is first-of-its-kind those two organizations, that are both industry leaders in LatAm, and were both started by Colombians,” comments Alvaro Torres , Khiron CEO and manager.

“Once the marketplace for customer cannabis products globalizes it really is a fit that is natural us to partner with Khiron to fulfill our application usersВґ needs. Like us, they have been an established frontrunner in your community, plus 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 principal built-in medical cannabis business in Latin America . Khiron has core operations in Latin America , along side task in 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 well in course regulatory conformity, is completely authorized to produce and fill prescriptions for high- and low-THC medical cannabis in Colombia and it has the initial approved type of CBD aesthetic items on shelf in Colombia, and obtainable in the usa and also the uk .

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 business is led by Co-founder and ceo, Alvaro Torres , as well as a seasoned professional team, and a qualified Board of Directors which includes previous President of Mexico , Vicente Fox .

Cautionary Notes

Forward-Looking Statements

This pr release may contain specific information that is”forward-looking and “forward-looking statements” in the concept of relevant securities legislation. All information contained herein that isn’t historic in general may represent forward-looking information. Khiron undertakes no responsibility to comment analyses, objectives or statements created by third-parties in respect of Khiron, its securities, or economic or running outcomes (as relevant). Although Khiron thinks that the objectives reflected in forward-looking statements in this news release are reasonable, such statement that is forward-looking been centered on objectives, facets and assumptions concerning future occasions that may end up being inaccurate and tend to be at the mercy of many risks and uncertainties, specific of that are beyond Khiron’s control, such as the danger factors talked about in Khiron’s yearly Information Form which will be available on Khiron’s SEDAR profile at sedar . The forward-looking information contained in this news release is expressly qualified by this cautionary declaration and are also made as of the date hereof. Khiron disclaims any intention and contains no responsibility or duty, except as needed for legal reasons, to upgrade or revise any forward-looking information, whether because of brand new information, future activities or else.

Neither the TSXV nor its Regulation Services Provider (as that term is defined within the policies for the TSXV) takes obligation when it comes to accuracy or adequacy with this news release.

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