Waiapu Investments FAQ

Below are a few of the common queries we have received about Waiapu Investments, Hikurangi Cannabis Company and the upcoming investment offer.

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What is the timeframe for seeing the offer and being able to buy shares?

Waiapu Investments Limited will release the offer document (Information Memorandum) on 27 April, five days before the offer opens to East Coast locals via a series of community meetings starting on 1 May in Te Araroa and ten days before the offer opens online to the rest of New Zealand on 8 May.

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How do I register interest in investing? 

Sign up for investor updates 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 is open to the public.

If you want to save time, you can pre-register as a investor with PledgeMe before the offer goes live. To create your investor profile you need a NZ ID such as Driver’s License, Birth Certificate or Passport. Click here to start the process.

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What are the minimum and maximum investment amounts?

The minimum amount will be $50.00.

Investors interested in buying more than $100,000 worth of shares should email invest@hikurangi.enterprises about the alternative offer for sophisticated/wholesale investors.

Individuals and organisations with over $1,000,000 to invest should contact Nick Sandlant at Northington Partners who is managing the institutional investor offer.

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Are you offering investment to locals first?

Yes, we are using crowdfunding platform PledgeMe to give East Coast local residents the first chance to have real ownership in Waiapu Investments. After giving locals a chance to invest over a week, we will then open up the opportunity to others eligible from around New Zealand and overseas.

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Can shares be transferred, bought or sold?

Shares purchased in Waiapu Investments are not publicly traded like a listed company. There will be a limited window of a few months for shares to be transferred from the original purchaser to other eligible investors. Beyond this date, transferring the ownership of WIL shares will be more limited.

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How much money are you raising? 

Hikurangi Enterprises has established Waiapu Investments Ltd, a local investment company to support the various projects we are involved with. We can raise two million dollars through the PledgeMe equity crowdfunding platform and we will be seeking additional funds from other sources.

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What are all the entities involved and why do you need so many?

Because there are a couple of charitable entities in the mix and because we wanted to give the community real ownership in the medical cannabis venture, we’ve had to create quite a complex structure. It all makes sense when you understand the rationale and it probably isn’t the most tax-efficient or simple way to have organised the various interest in the ultimate company (Hikurangi Cannabis Company Limited), but each entity is there for a reason. We’ve created this diagram of the various entities and shareholders – if your technology is compatible with ours then you can click on each one to find out more about it. Otherwise you can use the list below…

Structure

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Can I work for Hikurangi Cannabis Company? Can I grow for the company? 

We will advertise positions as they come up and will prioritise local residents for most roles.

We do not need any more land or growers at this stage but will advertise for expressions of interest when we need to expand beyond existing capacity.

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Where can I get more information about growing hemp and/or medical cannabis in New Zealand? 

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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Click here for Hikurangi/Waiapu Investor Updates

 

16 Comments Add yours

  1. Erica says:

    How / Will you be able to grow and sell cannabis legally in nz. if it doesn’t pass thru government. Will you still be selling shares.

    Like

    1. Admin says:

      Good question.
      (a) even if the current government collapsed before it passes this year everyone – including politicians and Ministry of Health officials – is confident it will go through before end of the year because all the parties Labour’s bill at first reading. Submissions to the Select Committee close on 21 March and the committee reports back to Parliament by July: https://www.parliament.nz/en/pb/sc/make-a-submission/document/52SCHE_SCF_BILL_75877/misuse-of-drugs-medicinal-cannabis-amendment-bill
      (b) in a worst case scenario that for some reason it cannot pass this year we can still do the clinical trials and develop IP that can be licensed as a safe product to other researchers and other producers around the world.

      Like

  2. Haylee Kapua Paul says:

    Can any of these products be purchased for my unwell animals and what type of products are available and does the lab test results come written with the product?

    Like

    1. Admin says:

      No products for sale yet sorry Haylee. And yes, all products will be tested before sale.

      Like

  3. Barrington Brown says:

    Hi I Live in the South Island will I still be able to invest through the pledge me platform? Thanks

    Like

    1. Admin says:

      The PledgeMe offer will be open to NZers living anywhere in the world.

      Like

  4. Anne Bengtsson says:

    When does the PledgeMe start for Hikurangi?

    Like

    1. Admin says:

      Mid-March – watch this space and if you’re signed up via the Investors page then you’ll get emails advising of exact dates.

      Like

  5. Lani says:

    Hi, how would one go about and what qualifications would one need to get a job with use?

    Like

    1. Admin says:

      We’ll be offering some full-time and part-time courses later this year but there are a wide range of qualifications that could be useful from bio-chemistry and horticulture to marketing and accounting.

      Like

  6. Greg says:

    Hi, I am a NZ citizen living broad who is interested in investing. Is this possible or can only NZ residents participate?

    Like

    1. Admin says:

      NZ citizens anywhere are welcome to participate – you just need a NZ passport or Driver’s Licence or similar ID to pre-register as a potential investor in the Pledge Me system.

      Like

  7. Sure‘ says:

    How can I get a job as a foreigner with work experience?

    Like

    1. Admin says:

      We’re not advertising for worker yet, let alone employing foreigners sorry.

      Like

  8. Ziggy says:

    What is the best possible scenario timeline from today until you can make your FIRST sale, i.e.-create revenue?

    Like

    1. Admin says:

      We expect it will take six months from when we have the funds to get designs, consents and build new facilities – and another 3 months before we would have machines calibrated, staff trained, facilities and processes audited and GMP approved to start producing extract and clinical trial product. We have a parallel process to get clinical trial product sooner via outsourcing some parts of the process but this will be subject to available resources depending on how our capital raise goes. 🙂

      Like

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