Khiron Life Sciences Corp V.KHRN.H

Alternate Symbol(s): KHRNF | KHRWF | V.KHRN.WT.H

Healthcare Cannabis

Khiron Life Sciences Corp. is a Canada-based medical cannabis company with core operations in Latin America. The Company has its wholly owned medical health clinics and telemedicine platforms. The Company has two product lines: Medical Cannabis Products and Health Services. It sells branded medical cannabis products to patients with medical conditions. Under the Medical Cannabis Products line, the Company is focused on product sales in Latin America. The Company operates its own network of health centers (operating under the Zerenia brand) and Zerenia satellite clinics offering a suite of health, medical and surgical services, in alignment with both insurance company partners and private practice. Its subsidiaries include Khiron Life Sciences Corp. (Canada), Khiron Colombia S.A.S., Zerenia S.A.S., NettaGrowth International Inc., and others.

TSXV:KHRN.H - Post by User

Khiron Life Sciences Corp > 40 cents floor resistance broken

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Comment by Benedictuson Nov 14, 2020 12:35am

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Post# 31900577

RE:40 cents floor resistance broken

Unfortunately I agree. Unless the stock retakes.40 and climbs/stays above .42, there is a real risk of further erosion in the share price. The very dilutive financing provides a little more than 2 months of the current cash burn rate. At potentially 190M shares o/s (assuming over-allotment and warrant conversion), .30 would actually value the company at the same market cap where it was when it was trading in the .40's - that's the unfortunate power of dilution! IMO management has a lot to answer to on their upcoming webcast. I dumped my position for a loss and will follow the stock from the sidelines for now.

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