A Colombian cannabis venture has started raising capital in the hungry Canadian public cannabis market.

Thanks to a reverse takeover the Colombian-based Khiron Life Sciences (TSXV:KHRN) has made its public debut on the TSX Venture Exchange on Thursday (May 24) under the ticker symbol “KHRN.”


Alvaro Torres, president and CEO of Khiron told the Investing News Network (INN) the company picked the TSXV to launch the stock of the company because of the security.

“[The] TSXV w[ill] provide for us a level of comfort for investors and for [the] government of Colombia to know we are doing things the right way,” Torres said.

Things have changed for investors since the time Torres started pitching the opportunity in Colombia. At first the questions were simply on security issues but now, Torres said, the questions are focused on the market and investors are more involved than what he heard a year ago.

“Investors now are also saying that the Canadian market is a bit oversaturated and that there’s opportunities to grow elsewhere,” he said. “If you look at Colombia, [it] is like taking a time machine [back] to five years ago where Canada was.”

Khiron’s public launch indicates the willingness from the TSXV to list enterprises based in markets outside of Canada for an emerging industry such as cannabis.

The company plans to expand its reach in South America with what Torres called a “multidomestic strategy,” meaning working closely with medical cannabis patients and doctors to create brand loyalty, then move into several other markets. He specifically indicated Mexico, Brazil and Argentina as upcoming targets.

The Colombian cannabis opportunity has started to flourish for other Canadian companies, such as Scythian Biosciences (TSXV:SCYB; OTCQB:SCCYF), who announced in April its plans to acquire MMJ Colombia Partners as a way to break into the South American country. The terms of the deal included intricate expectations in order to be completed by the Colombian enterprise.

As of 1:57 p.m EST on Thursday, Khiron’s stock has increased 16 percent to reach C$1.16.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Khiron Life Sciences is a client of the Investing News Network. This article is not paid for content.

 Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) announces that Philip Young, CEO and Director, and Maghsoud Dariani, Chief Science Officer will be presenting on Thursday, February 25th, 2021 at 5:45 pm EST at “The Gold Standard in Psychedelic Investment, Psychedelic Capital Virtual Investment Conference”, a platform showcasing the top companies, latest IPOs, newest opportunities, and deepest industry insights.

As a presenting sponsor, the Company will connect directly with some of the earliest moving investors in the psychedelic industry and reach an audience of 2,000+ investors. Presentations are 30 minutes in length, with 10 minutes allocated to a one-on-one Q&A session with the audience.

Keep reading... Show less

As Canadian operators race to strengthen their positions in the cannabis landscape, are international pursuits outside North America still top of mind?

The role that mergers and acquisitions (M&A) have played in the expansion of Canadian companies across the globe has been monumental for the growth of the cannabis industry. Now the space has reached a critical point as the demands of the US market increase.

Keep reading... Show less

It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.

Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.

Keep reading... Show less

Pac Roots Cannabis Corp. (CSE: PACR) (“PacRoots” or the “Company”), announces the closing of its previously announced non-brokered private placement (see press release dated January 25, 2021).

Aggregate gross proceeds of $1,340,685.90 were raised through the issuance of 7,448,255 units (each a “Unit”). Each Unit consists of one common shares and one share purchase warrant. Each warrant is exercisable at a price of $0.30 per share until February 23, 2024.

Keep reading... Show less

 Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States will release its fourth quarter 2020 financial results on Tuesday, March 23, 2021 before markets open. Following the earnings release, management will host a conference call at 8:30 AM Eastern Time to review the financial results.

All interested parties can join the conference call by dialing 1-888-231-8191 or 1-647-427-7450, conference ID: 7066881. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until March 30, 2021 . To access the archived conference call, please dial 1-855-859-2056 and enter the encore code 7066881.

Keep reading... Show less