/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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/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 is the biggest house multi-Vertical software in Latin America , which received a USD 1 Billion investment from Softbank Group Corp. and Softbank Vision Fund, reaching unicorn status in 2019. Rappi operates 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, as well as sets from meals to pharmaceutical items, customer package items 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 distribution that is exclusive 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 agreement is anticipated to cut back product that is overall and, logistics costs, increasing supply and contact with an incredible number of customers, and enhancing margins both for events.
  • The Kuida TM in-app shop within Rappi premiered in Colombia in might 2020 . The businesses plan to expand circulation through RappiВґs consumer that is fast growing to Uruguay and Costa Rica , where Kuida happens to be approved, as well as other countries such as for instance Brazil , Mexico and Chile , susceptible to regulatory approvals.

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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 Europe , announced today so it has entered into a unique distribution contract with Rappi SAS, the best Latin American last-mile multi-vertical platform that is supported having a USD 1 billion investment from Softbank Group Corp., and Softbank Vision Fund. The expansive agreement 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, beginning with Kuida TM , the business’s branded CBD skincare manufacturer product line, utilizing the prospective to create in the partnership in the long run.

Beyond a typical merchant contract, this expanded partnership presents the business’s CBD-based health services and products to an incredible number of Rappi users across Latin America through its advanced technology and advanced, customer-centric advertising techniques. With all the Kuida store currently launched on Rappi in May 2020 for the market that is colombian circulation will soon 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 consumer that is growing to nations such as for example Brazil , Mexico , Ecuador and Chile , at the mercy of regulatory approvals.

Colombia’s Rappi may be the market leading multi-vertical application in Latin America having a existence in Brazil , Colombia , Mexico , Argentina , Chile , Ecuador , Costa Rica , Uruguay and Peru . Through its platform, clients purchase items and solutions and home that is receive across multiple groups, including, medical, wellness, grocery, restaurants, pharmacies, drink and expert solutions and others. In addition, the program has a digital wallet, RappiPay TM , where users makes P2P transfers and payments. Rappi has on average significantly more than 10 million active users month-to-month, in accordance with research firm Apptopia, supplying deliveries for pretty much 100,000 companies in LatAm, including over 13 million deliveries in Colombia alone.

« Rappi may be the distribution brand name that everybody in Latin America understands and utilizes daily. The partnership with Rappi decreases our item launch and logistics expenses and transforms our exposure and availability to an incredible number of clients over the area. Rappi may be the last-mile distribution brand name that can help us bring Khiron product to more customers than in the past. Our company is proud to determine this partnership that is first-of-its-kind those two businesses, that are both industry leaders in LatAm, and had been both launched 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 generally meet our software usersВґ requires. Like us, they have been an accepted frontrunner in the area, 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 dominant built-in cannabis that are medical 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 when it comes to cultivation, production, domestic circulation, and worldwide export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. The organization delivers well in course regulatory compliance, is fully authorized to produce and fill prescriptions for high- and low-THC medical cannabis in Colombia and it has 1st approved type of CBD cosmetic items on rack in Colombia, and for sale in the usa and also the uk .

By having a concentrated local strategy and patient oriented approach, the organization combines international systematic expertise, agricultural advantages, branded product market entry experience and training to operate a vehicle prescription and brand name commitment to deal with priority medical ailments such as for instance chronic discomfort, epilepsy, despair and anxiety into the Latin American market of over 620 million individuals. The business is led by Co-founder and Chief Executive Officer, Alvaro Torres , as well as an executive that is experienced, and an educated Board of Directors that features previous President of Mexico , Vicente Fox .

Cautionary Notes

Forward-Looking Statements

This pr release may include specific information that is »forward-looking and « forward-looking statements » inside the meaning of relevant securities legislation. All information contained herein that isn’t historic in nature may represent information that is forward-looking. Khiron undertakes no responsibility to comment analyses, objectives or statements created by third-parties in respect of Khiron, its securities, or economic or working outcomes (as applicable). Although Khiron thinks that the objectives reflected in forward-looking statements in this pr release are reasonable, such statement that is forward-looking been centered on objectives, facets and presumptions concerning future activities that may turn out to be inaccurate and therefore are at the mercy of many dangers and uncertainties, particular of that are beyond Khiron’s control, such as the danger factors talked about in Khiron’s yearly Information Form which can be available on Khiron’s SEDAR profile at sedar . The information that is forward-looking in this news release is expressly qualified by this cautionary declaration and tend to be made as of the date hereof. Khiron disclaims any intention and it has no responsibility or duty, except as needed for legal reasons, to upgrade or revise any information that is forward-looking whether due to brand new information, future occasions or elsewhere.

Neither the TSXV nor its Regulation Services Provider (as that term is defined when you look at the policies of this TSXV) takes obligation for the adequacy or precision of the news release.