Khiron Enters Exclusive Partnership with RAPPI, Latin America’s Greatest Residence Multi-Vertical App Platform

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• Rappi may be the home that is largest 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 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 banking that is digital payment solutions, along with sets from meals to pharmaceutical services and products, 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 having a 6-month exclusive circulation between Rappi and Khiron to introduce and circulate the business’s CPG product 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 lessen product that is overall and, logistics expenses, increasing accessibility and contact with an incredible number of customers, and increasing margins for both events.
• The Kuida TM store that is in-app Rappi was released in Colombia in might 2020 . The businesses plan to expand distribution through RappiВґs consumer that is fast growing to Uruguay and Costa Rica , where Kuida was approved, along with other nations such as for example Brazil , Mexico and Chile , susceptible to regulatory approvals.

TORONTO , Sept. 3, 2020 /PRNewswire/ – 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 this is certainly supported with a USD 1 billion investment from Softbank Group Corp., and Softbank Vision Fund. The agreement that is expansive a 6-month exclusive circulation partnership between Rappi and Khiron to introduce and circulate the business’s CPG product portfolio across Latin America through the Rappi platform, beginning with Kuida TM , the business’s branded CBD skincare manufacturer product line, utilizing the possible to construct in the partnership in the long run.

This expanded partnership introduces the Company’s CBD-based Wellbeing products to millions of Rappi users across Latin America through its sophisticated technology and advanced, customer-centric marketing strategies beyond a standard vendor agreement. Utilizing the Kuida store currently launched on Rappi in might 2020 when it comes to market that is colombian circulation will likely to be expanded to Uruguay and Costa Rica , where Kuida happens to be recently authorized. The business additionally promises to introduce its manufacturer product line through Rappi’s fast consumer that is growing to nations such as for instance Brazil , Mexico , Ecuador and Chile , at the mercy of regulatory approvals.

Colombia’s Rappi could be the market leading multi-vertical application in Latin America having an existence in Brazil , Colombia , Mexico , furfling Argentina , Chile , Ecuador , Costa Rica , Uruguay and Peru . Through its platform, clients purchase items and services and enjoy house distribution across multiple groups, including, medical, health, grocery, restaurants, pharmacies, drink and expert solutions and others. In addition, the application form includes a digital wallet, RappiPay TM , where users will make P2P transfers and re payments. Rappi has on average significantly more than 10 million active users month-to-month, in accordance with research company Apptopia, supplying deliveries for pretty much 100,000 companies in LatAm, including over 13 million deliveries in Colombia alone.

«Rappi could be the distribution brand name that everybody in Latin America knows 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 throughout the area. Rappi may be the last-mile distribution brand name 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 businesses, which are both industry leaders in LatAm, and were both launched by Colombians,» comments Alvaro Torres , Khiron CEO and director.

«Due to the fact marketplace for customer cannabis services and products globalizes it really is a normal complement us to partner with Khiron to satisfy our application usersВґ requires. Like us, these are typically an established frontrunner in the region, plus an innovator in bringing quality items to market, «commentary Simon Borrero , Rappi SAS CEO.

About Khiron Lifestyle Sciences Corp.

Khiron Life Sciences Corp. could be the principal built-in cannabis that are medical in Latin America . Khiron has core operations in Latin America , along side task in the united states and European countries , and it is certified in Colombia when it comes to cultivation, manufacturing, domestic circulation, and international export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. The organization delivers most readily useful in course regulatory conformity, is fully authorized to produce and fill prescriptions for high- and low-THC medical cannabis in Colombia and has now the initial approved type of CBD aesthetic services and products on rack in Colombia, and for sale in the usa together with great britain .

By having a concentrated local strategy and patient oriented approach, the business combines international systematic expertise, agricultural advantages, branded product market entry experience and training to push prescription and brand name commitment to handle priority health conditions such as for example chronic discomfort, epilepsy, despair and anxiety within the Latin American market of over 620 million individuals. The organization is led by Co-founder and ceo, Alvaro Torres , along with 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 news release may include specific «forward-looking information» and «forward-looking statements» inside the meaning of relevant securities legislation. All information contained herein that isn’t historic in general may represent information that is forward-looking. Khiron undertakes no obligation to comment analyses, objectives or statements produced by third-parties in respect of Khiron, its securities, or monetary or running outcomes (as applicable). Although Khiron thinks that the objectives reflected in forward-looking statements in this news release are reasonable, such statement that is forward-looking been according to objectives, facets and presumptions concerning future activities which might show to be inaccurate and tend to be 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 required for legal reasons, to upgrade or revise any forward-looking information, whether as a consequence of brand brand brand new information, future occasions or else.

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

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