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Year to date medical cannabis prescriptions have exceeded 35,000 units, 600% more than the entire 2020 fiscal year. Khiron will expand its flagship clinic brand, Zerenia to the UK, with the first Zerenia opening in London in Q4 2021.

The Toronto-based company, which has its main operations in Colombia, is trading under the ticker symbol KHRNF.

Khiron CEO Alvaro Torres says adding Fox to the board of directors “significantly expands our scope of influence and relationships within the Latin American market.”

Khiron will grow cannabis strains chosen to target “patients identified as having unmet medical needs" within Colombia and Latin America.

Pharmacielo said in a statement that it "will not pursue the matter further" and that "no further details will be provided."