Khiron Life Sciences (CVE:KHRN) Potential Beneficiary of Mercosur European Trade Deal
Khiron Life Sciences Corp (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) has welcomed the recently announced trade deal between the European Union and Mercosur, effectively titled EU-Mercosur Trade Agreement. Subject to ratification by member countries, the agreement establishes a framework to promote free trade and fluid movement of goods and services which includes pharmaceutical and medical products. HELLO CANNABIS!
How Does Khiron Benefit?
Mercosur is a trading bloc comprised of Argentina, Brazil, Paraguay, and Uruguay plus several associate members. The population of all associated members amounts to nearly 780 million people encompassing almost a quarter of the world’s GDP. According to the European Commission, the trade deal announced at the G20 Summit in Japan is estimated to see upwards of 88 Billion Euros traded in goods from the Mercosur nations.
Khiron is active within the Mercosur jurisdictions, recently completing the acquisition of NettaGrowth International, a cannabis company based in Uruguay. NettaGrowth, and its wholly-owned subsidiary Dormul S.A. obtained one of the first licences to produce and export medical cannabis with THC for commercialization in Uruguay, and through the Mercosur agreement are positioned to serve Brazil and the growing Latin American market. The acquisition of NettaGrowth provides Khiron with up to an additional 120 tonnes of licensed production capacity and diversifies Khiron´s licence composition to include medical use and flower cultivation distribution capabilities.
Khiron Life Sciences President Chris Naprawa on definitive agreement to acquire NettaGrowth
“We welcome this trade deal as it strengthens our ability to now directly supply the European medical cannabis market”. – Alvaro Torres, Khiron Life Sciences CEO & Director
Khiron has made quite a number of impressive moves this year. With an expanding global footprint, they are positioned to become a dominant MCO, Multi Country Operator.
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Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking information includes that Khiron Life Sciences Corp will be a big, successful company in the cannabis sector; that cannabis use and sales will grow and KHIRON’s sales along with it; KHIRON’s intended acquisition of various foreign companies and expansion into the European and South and North American markets; that cosmeceuticals is and will continue to be a fast growing and profitable sector of the cannabis industry; and that it will be able to carry out its business plans.
Readers are cautioned to not place undue reliance on forward-looking information. Forward looking information is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from those contemplated in the forward-looking information, and even if such actual results or events are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on KHIRON. Such risks and uncertainties include, among other things: that a regulatory approval that may be required for the intended acquisitions and subsequent sales are not obtained or are obtained subject to conditions that are not anticipated; growing competition for intended acquisitions in the cannabis industry; potential future competition in the markets KHIRON operates for sales; competitors may quickly enter the industry; general economic conditions in the US, Canada and globally; the inability to secure financing necessary to carry out its business plans; competition for, among other things, capital and skilled personnel; the possibility that government policies or laws may not permit legal cannabis sales or growth or that favorable laws in place may change; KHIRON not adequately protecting its intellectual property; interruption or failure of information technology systems; the cannabis market may not grow as expected; KHIRON’s technology may not achieve the expected results and its accomplishments may be limited; even if it is granted patents, it may not have success at licensing its technologies or sell its products at the rate expected; planned acquisitions and partnerships may not materialize because of inability to agree on terms with prospective partners or targets; KHIRON’s business plan also carries risk, including its ability to comply with all applicable governmental regulations in a highly regulated business; incubator risk investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US federal and foreign laws; and other regulatory risks relating to KHIRON’s business, financings and strategic acquisitions, including securities laws, trade rules, and foreign country regulation that is not the same as Canadian or US regulations.
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