Khiron Life Sciences Corp. (TSXV:KHRN), a Canadian integrated medical cannabis company with its core operations in Colombia, announced today that it has appointed former U.S. Drug Enforcement Administration (“DEA”), Chief of Pharmaceutical Investigations, Matt Murphy, as the Company’s Vice President, Compliance.

Mr. Murphy is an internationally recognized security expert with broad-based domestic and international expertise in the fields of drug law enforcement, risk assessment and system development, regulatory compliance, and training. As a Career Special Agent with the DEA for 25 years, he was responsible for coordinating and successfully resolving pharmaceutical diversion investigations across the U.S. before retiring as the Assistant Special Agent in charge of the DEA’s Boston office.


“As a result of Mr. Murphy’s extensive background and expertise in law enforcement and regulatory compliance, Khiron is the first medicinal cannabis producer in Colombia to implement U.S. DEA level security protocols. With Mr. Murphy’s leadership, we have developed a scalable and comprehensive compliance and security plan that identifies and mitigates all risks relating to Khiron’s assets, and covers the entire production, distribution, logistics and operations chain,” stated Alvaro Torres, President and CEO.

This new role expands on Murphy’s previous Company Advisory Board membership where his impact has been essential in establishing multiple initiatives such as Colombian compliance security training Standard Operating Procedure (SOP) manuals and overseeing seed to sale tracking software. As VP Compliance, Murphy will lead the implementation of advanced security protocols across new market entrances for Khiron, supported by his deep DEA network, and a strong support team.

“Over the course of the past three years, the Colombian government has formulated a highly impressive legal framework to both create and regulate the medicinal cannabis market. The Colombian framework provides a solid and innovative example for other national jurisdictions to follow across Latin America and other parts of the world. From a business perspective, we appreciate the clarity and consistency of the regulations, which we believe will result in the displacement of current treatment methods including opioid based medications for chronic pain. In my 25 years with the DEA, I have never encountered an overdose attributable to cannabinoids,” stated Mr. Murphy.

In his new role with Khiron, Mr. Murphy will oversee the planning, design, implementation, coordination and operations of the security program for the Company. This includes the personal security of employees and physical security of all facilities, distribution networks and logistics.

Working closely with Mr. Murphy to ensure the proper implementation of the Company’s compliance protocols in Colombia is Henry Tibaduiza, Security Manager of Khiron. Mr. Tibaduiza will assume responsibility for developing strong relations with local, regional and national law enforcement and military authorities throughout the country.

Mr. Tibaduiza is a former Lieutenant Colonel of the National Police of Colombia. During his career at the National Police, he held several important positions related to anti-narcotics efforts, including Chief of Anti-narcotics Management Office, Coordinator of Plan Colombia Office and Chief of Illicit Cultivation Eradication Program. After leaving the National Police, Mr. Tibaduiza worked as a contractor for the U.S. Department of State as Manager of the Illicit Cultivation Spraying Program, where he was responsible for planning, execution and coordination between the U.S. State Department and Colombian authorities on all efforts to reduce illicit drug cultivations across Colombia. Most recently, he was Administrative Manager for the contracting company that supports the U.S. Defense Department in Colombia.

About Khiron Life Sciences Corp.

Khiron is a Canadian integrated medical cannabis company with its core operations in Colombia, and is fully licenced in Colombia for the cultivation, production, domestic distribution, and international export of both tetrahydrocannabinol (THC) and cannabidiol (CBD) medical cannabis. Khiron combines leading international scientific expertise, agricultural advantages, and branded product market entrance experience to address the unmet medical needs in a market of over 620 million people in Latin America.

Further information on Khiron Life Sciences can be found at www.khiron.cawww.khiron.ca

Forward-Looking Statements

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Khiron undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of Khiron, its securities, or financial or operating results (as applicable). Although Khiron believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond Khiron’s control, including the risk factors discussed in Khiron’s Filing Statement which is available on Khiron’s SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and are made as of the date hereof. Khiron disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Khiron Life Sciences Corp.

For further information: Darren Collins, Chief Financial Officer, T: +1 (705) 527-3564, E: dcollins@khiron.ca; Canada Investor Relations: Nicole Marchand, GRIT Capital, T: +1 (416) 428-3533, E: nmarchand@gritcapital.ca; U.S. Investor Relations: Lisa Wilson, In-Site Communications, Inc., T: +1 (917) 543-9932, E: lwilson@insitecony.com

Click here to connect with Khiron Life Sciences Corp. (TSXV:KHRN) for an Investor Presentation.

Source: www.newswire.ca

An Emerging Markets Sponsored Commentary

Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.

Keep reading... Show less

As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.

A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.

Keep reading... Show less

The product will include polyphenols known to have significant health benefits.

BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.

Keep reading... Show less

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.

The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).

Keep reading... Show less

 Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) (“Canopy Growth” or “the Corporation”) announced today that EVP & CFO Mike Lee will be participating in a fireside chat at the BofA Securities Virtual Consumer & Retail Technology Conference on Thursday, March 11, 2021 at 9:30am ET .

Keep reading... Show less