Khiron Life Sciences (TSXV: KHRN) announced this morning that it has received authorization from the Colombian government to begin selling high-THC medical cannabis to patients. Khiron is the first, and currently only, company to receive authorization from the Colombian government for both the manufacturing and sale of high-THC medical cannabis.
The company itself refers to the authorization as having been for “magistral preparation” for high-THC medical cannabis, a term which is defined as “any medicinal product prepared in a pharmacy in accordance with a medical prescription for an individual patient.” The authorization enables the company to immediately begin selling high-THC medical products through its ILAN pharmacy network.
ILAN is fully authorized to sell high-THC products to patients for indications that include nausea, chronic pain, and vomiting associated with chemotherapy. Expanded distribution is expected to also occur as partner pharmacies receive approval to sell high-THC medical cannabis to patients, with the company giving a target of the third quarter of 2020 for this expanded distribution.
Khiron Life Sciences last traded at $0.82 on the TSX Venture.
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