Hikurangi Hemp Holdings Limited

Hikurangi Hemp Holdings Limited (HHHL) is a joint venture between Hikurangi Bioactives Limited Partnership (HBLP) and Waiapu Investments Limited (WIL).

HHHL is a ‘look through’ company, meaning it does not trade, it is simply a legal structure to enable the two shareholders (HBLP and WIL) to form a jointly owned entity that can be the initial owner of Hikurangi Cannabis Company Limited (HCCL) before an institutional investor is introduced to HCCL.

We formed HHHL on the advice of investment experts who felt that a crowdfunding entity as a joint venture would be a major disincentive for most institutional investors who could otherwise be interested in bringing their funds and expertise to the medical cannabis venture.

Shareholdings in HHHL are currently 100% owned by HBLP and the stake that Waiapu Investments ultimately takes in HHHL (and subsequently HCCL) will be determined by the amount of funds raised by WIL. A conditional sale and purchase agreement for shares in HHHL signed before WIL goes to raise funds is the mechanism by which WIL investors know they will have a stake in HHHL and the proportion of shares will be determined by the total amount raised.

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