/R E P E A T — Khiron Enters Exclusive Partnership with RAPPI, Latin America’s premier Residence Multi-Vertical App Platform/

/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 may be the home that is largest multi-Vertical application 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 population of over 600 million individuals.
  • Rappi’s multi-vertical application provides electronic banking and re payment services, along with anything from meals to pharmaceutical items, customer package items and courier solutions, with on average a lot more than 10 million active users monthly, in accordance with research company Apptopia.
  • Expansive contract begins with a 6-month distribution that is exclusive Rappi and Khiron to introduce and distribute the business’s CPG item portfolio across Latin America through the Rappi platform.
  • Aided by the prospect of future expansion, the partnership enables Khiron to introduce its CBD product lines atlanta divorce attorneys nation where Rappi has a well established existence, leveraging a quickly growing trend toward online product sales and last-mile distribution. The contract is anticipated to cut back product that is overall and, logistics costs, increasing access and experience of an incredible number of customers, and increasing margins both for events.
  • The Kuida TM store that is in-app Rappi was released in Colombia in might 2020 . The firms want to expand circulation through RappiВґs fast growing customer base to Uruguay and Costa Rica , where Kuida happens to be authorized, along with 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 even 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 special circulation contract with Rappi SAS, the key 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 distribution 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 potential 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. Because of the Kuida store currently launched on Rappi in might 2020 when it comes to Colombian market, distribution are going to be expanded to Uruguay and Costa Rica , where Kuida is recently authorized. The business additionally promises to introduce its manufacturer product line through Rappi’s fast growing customer base to nations such as for instance Brazil , Mexico , Ecuador and Chile , at the mercy of regulatory approvals.

Colombia’s Rappi may be the market leading application that is multi-vertical Latin America having a existence in Brazil , Colombia , Mexico , Argentina , Chile , Ecuador , Costa Rica , Uruguay and Peru . Through its platform, clients purchase services and products 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 application form has a wallet that is virtual RappiPay TM , where users makes P2P transfers and re re payments. Rappi has on average a lot more than 10 million users that are active, in accordance with research company Apptopia, supplying deliveries for pretty much 100,000 organizations in LatAm, including over 13 million deliveries in Colombia alone.

“Rappi could be the delivery 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 access and visibility to scores of customers over the area. Rappi may be the last-mile distribution brand name that may help us bring Khiron item to more clients than in the past. We have been proud to determine this first-of-its-kind partnership between those two organizations, that are both industry leaders in LatAm, and had been both established by Colombians,” comments Alvaro Torres , Khiron CEO and manager.

“Due to the fact marketplace for customer cannabis services and products globalizes it really is a fit that is natural us to partner with Khiron to fulfill our software usersВґ requires. They are a recognized leader in the region, and an innovator in bringing quality products to market, “comments Simon Borrero , Rappi SAS CEO like us.

About Khiron Lifestyle Sciences Corp.

Khiron Life Sciences Corp. may 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 for the cultivation, manufacturing, domestic circulation, and worldwide export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. The Company delivers well in course regulatory conformity, is completely 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 obtainable in the usa plus the uk .

By having a concentrated local strategy and patient oriented approach, the organization combines global clinical expertise, agricultural advantages, branded product market entry experience and training to push prescription and brand name commitment to deal with concern medical ailments such as for example chronic discomfort, epilepsy, depression and anxiety within the Latin American market of over 620 million individuals. The business is led by Co-founder and ceo, Alvaro Torres , as well as a skilled administrator team, and a qualified Board of Directors which includes 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 concept of relevant securities legislation. All information contained herein that isn’t historic in the wild 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 relevant). Although Khiron believes 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 presumptions concerning future occasions that might turn out to be inaccurate and therefore are at the mercy of many risks and uncertainties, particular of that are beyond Khiron’s control, including the danger factors discussed in Khiron’s yearly Information Form that is available on Khiron’s SEDAR profile at sedar . The information that is forward-looking in this pr release is expressly qualified by this cautionary statement and generally are made as of the date hereof. Khiron disclaims any intention and contains no responsibility or obligation, except as needed for legal reasons, to upgrade or revise any forward-looking information, whether due to brand brand new arablounge giriЕџ yap information, future occasions or perhaps.

Neither the TSXV nor its Regulation Services Provider (as that term is defined within the policies regarding the TSXV) takes obligation for the adequacy or precision with this news release.

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