Khiron Receives Approval to Sell Aceso™ Hemp CBD Brand in Colombia

Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America, announced today that the Company will introduce the Aceso™ Hemp brand to the Latin America market, with initial sales beginning in Q4 2019 in Colombia. Aceso Hemp, which is part of the Dixie Brands family of products, produces a line of innovative balms for the growing hemp-based consumer wellness market, and is widely established in the US market. Aceso represents the first brand to enter the Latin America market under the Company’s joint venture with Dixie Brands Inc. (CSE: Dixi.U).

Aceso Hemp is the next generation in hemp, pairing plant science with food science. Offering a growing line of indication-specific, hemp-derived supplements for promoting optimal health, Aceso Hemp was one of the first entrants in the category and brings a deep understanding of the industry’s complex regulatory structure and expertise in the production of safe, effective and compliant products that can be sold across the United States. Aceso Hemp’s scientists have studied, tested and perfected phyto-nutrient ratios that unlock the powers of hemp, resulting in sophisticated formulas that are easy for the body to absorb and activate.

With its market-leading knowledge of the Latin American market Khiron will initially prioritize two Aceso products for commercialization in the Colombian market. Aceso Alfa Balm and Aceso Sigma Balm blend essential oils and ingredients to soothe aching muscles and revitalize skin, and enhance their impact with broad-based hemp. Each product contains 56 mg of naturally occurring cannabinoids.

Alvaro Torres, Khiron CEO and Director, commented, “Khiron is one of very few cannabis companies with the cash reserves to continue to aggressively expand its business operations. Our strong balance sheet and proven operational team positions us to further take advantage of the tremendous market demand that we see for CBD consumer products in the LatAm region. The introduction of the Aceso brand, the first from our joint venture with Dixie Brands, positions us to build on the brands already wide adoption in the US and translate that through our establish retail network to consumers in Latin America.”

The launch of Aceso into Colombia continues the Company’s strategy to bring innovative CBD-based cosmeceutical and wellness products to the Latin American market. In 2018 the Company launched Kuida, a comprehensive line of skincare products which are now sold across Colombia, are set to launch in the US and have received approval for commercialization in the UK.

Michael McMahon, Dixie’s General Manager of Latin America, added, “We are excited to see our joint venture with Khiron starting to yield the opportunities to introduce our products into the market. This is the tip of the iceberg, and as we continue to refine our products to meet the regulatory requirements in each country, we will be expanding into more countries and delving deeper into our product portfolio.”