Khiron Life Sciences (KHRNF) Jumps 60% in 2-Week: What’s The Buzz?

The cannabis sector seems to have made a comeback of sorts in recent times and nowadays there are many cannabis stocks that can be tracked by investors.

One of those is the Khiron Life Sciences Corp (OTC: KHRNF) stock. The company boasts of a vertically integrated cannabis operation and most of its business is concentrated in Europe and Latin America. Over the course of the past two weeks, the stock has emerged as one of the major gainers in the cannabis space. During that period, the Khiron stock recorded gains of as big as 60%.

Recently it emerged that the company was successful in exporting its registered cannabis strains to Europe from Columbia. On the other hand, the company has adopted an asset-light strategy with regard to its operations in Europe. Khiron has hired the services of contract manufacturers as well as distribution partners in order to grow its business in the continent. Investors could do well to keep an eye on the stock over the coming days.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.