As a region we have a great climate for growing cannabis. We have a skill base that already exists for growing the plant and the crop is beneficial to the whenua (land) and waterways. There is potential for multiple income streams for whānau. Industrial Hemp is a low-THC variety of cannabis sativa – it is the same plant as marijuana but has no compounds producing psychotropic effects.
Hemp is one of the most useful plants on Earth. For thousands of years, humans have used parts of the hemp plant for food, textiles, paper, fabric and fuel oil. Today, modern processing technologies have made it possible to create alternatives to gasoline, plastic, and other petroleum products that can help the human race lessen its reliance on polluting and expensive fossil fuels. The hemp plant is a renewable resource that can be produced domestically. It grows quickly, naturally resists many plant diseases, requires little weeding, thrives in most climates, and enriches the soil it grows in.
Hempseeds and hemp oil are highly nutritious and delicious. Hempseeds are an excellent source of protein, minerals, and dietary fibre. Hemp is the only plant that contains all of the essential fatty acids and amino acids required by the human body. These essential nutrients affect a variety of body functions, including metabolism, the skin, mood, behaviour, the brain, and the heart.
Due to its high content of beneficial oils and natural emollient properties, hemp is becoming a common ingredient in lotions and many other skin, hair, and cosmetic products. It is a good alternative to the toxic chemicals present in many petroleum based lotions and cosmetics.
Hemp is an ideal material for making composite materials. Standard plastic is made from fossil fuels using toxic chemicals. A variety of alternatives to plastic can be made from hemp. Hikurangi Hemp is working with researchers at the University of Waikato to explore new polymer composites using hemp and other natural materials.
For more information about growing hemp in New Zealand check out the New Zealand Hemp Industry Association (NZHIA) and the Ministry of Health website has guidelines and contacts for licensing to grow.
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Why Hikurangi Hemp?
First Mover Advantage
The company is ready to roll with all of the steps required to deliver premium proven products to local and overseas consumers.
Independent clinical trial protocols have been prepared for Hikurangi Hemp by world renown health researchers based in New Zealand. A two stage pilot clinical trial will prove safe dosage and tolerance levels. Subsequent clinical trials will investigate the effectiveness of the product to treat one or more specific conditions with results published as early as December 2018. MedSafe, the government medicines regulator is working with Hikurangi Hemp to ensure the production process meets their requirements and a pharmaceutical consultant is assisting with the medicines registration process.
Hikurangi Hemp has a secure supply of high quality raw material. Producing a successful first crop last season, the company has 5ha for cultivation in the current season including 15 local experts growing and harvesting over 5,000 plants for the company and a full breeding programme in partnership with a Crown Research Institute due to start in early 2018.
Hikurangi Hemp has had contact with more than 1,000 doctors at New Zealand’s two largest GP conferences and supported a survey of nearly 300 GPs who expressed interest in the availability of medical cannabis products in New Zealand. CBD products will initially be distributed solely to doctors and pharmacists as prescription only medicines.
We have processing facilities in place to take the active ingredients from the raw plant, a licensed medicines manufacturer in New Zealand to produce the medicine and a distributor with 260 pharmacies and 50 hospital customers has agreed to distribute the products.
Certified organic land is currently growing product and the company is working with other growers to achieve organic certification. This is easier to do in Ruatoria than other parts of New Zealand because there has been very little agrochemical inputs on land in the area.
New Zealand made products command a premium in overseas markets and Hikurangi Hemp will ensure the highest environmental and ethical standards are maintained in all activities of the company.
Being located on the East Coast of New Zealand means the company has the capability and capacity to produce outdoor grown product in the off-season from Northern Hemisphere producers. This is most important for fresh-grown, whole flower product, but may also be significant in extracted products with a limited shelf-life.
The East Coast is well-known as a premium location for cannabis cultivation and offers ideal climate conditions for growing the plant.
Low land costs compared to other parts of New Zealand keep overheads low and will keep Hikurangi Hemp production competitive as other players come into the domestic market. Likewise comparatively low living costs in the region mean that the families of local growers can earn sufficient income to look after themselves provided the work is constant.
The high local skill-base in growing cannabis plants for optimal cannabinoid profile ensures there are expert growers cultivating the plants from day one.
Because of the limited alternative land use options in the district, landowners are offering their land for hemp cropping and growers have the ability to scale production quickly as demand increases.
Social, Cultural & Environmental Benefits
This unique opportunity has huge transformational potential by backing a whole a whole community to lead a new, high value, export industry. Ruatoria and the Waiapu Valley have an average household income almost half the national average, around one third of the population receives a government benefit. Meanwhile the vast majority of tribal members live away from their traditional lands working in other parts of New Zealand and Australia but at least a quarter of the 70,000 iwi members say they would move back to the area if a decent job was available.
Well known for growing the illicit varieties of cannabis, in the Ruatoria and Waiapu Valley there has been only positive support from locals to the opportunities of growing the legal variety if it means they can have legitimate work that earns a steady income using their land and skills.
It is expected that by Year 5 at least 20 local families will be able to grow on small areas of Māori land to supply product that brings an income of at least $50,000 to the household. Another 15-20 positions are expected to be working for Hikurangi Hemp in the processing, manufacturing, research, sales, distribution and other areas of the business.
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What is Hikurangi Hemp focusing on?
CBD extract. Cannabidiol (CBD) is just one of over 114 cannabinoids presently identified in the cannabis plant and is the second most abundant cannabinoid in cannabis along with THC. CBD interacts with our naturally occurring systems, but is non-psychotropic. Products containing CBD and no more than 2% of other cannabinoids are currently prescription only medicines in New Zealand – we aim to deliver the first New Zealand grown, manufactured and license medical cannabis product with plans for higher THC varieties as the company grows.
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How much money are you raising?
Hikurangi Enterprises is establishing a local investment company to support the various projects we are involve with. We can raise two million dollars through the PledgeMe equity crowdfunding platform. We plan to launch this campaign in February. Later in 2018 we will also be seeking an institutional investor who can contribute up to four million dollars.
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How do I register interest in investing?
Sign up here. We’ll keep you posted with updates and let you know when we have the official investment documentation available to view and when the opportunity to invest will be open to the public.
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What are the minimum and maximum investment amounts?
We are still finalising the offer but expect the minimum amount will be $50.00 and the maximum may be $500,000.
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Are you offering investment to locals first?
Yes, we are using a crowdfunding platform to give East Coast local residents a chance to have real ownership in the ventures of Hikurangi Enterprises. After giving locals a chance to invest over a week or so, we will then open up the opportunity to others interested from around New Zealand and whānau living overseas.
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