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 released the offer document (Information Memorandum) on 27 April before the offer opened to East Coast locals via a series of community meetings that began on 1 May in Te Araroa and before the offer opens online to the rest of New Zealand at 7pm on Tuesday 8 May.

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How do I register interest in investing? 

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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For those not living on the East Coast, what are the options?

The two options for people in that situation are:

(a) Find a friend or whānau member on the Coast who can attend a meeting and buy shares in their name to transfer to you once shares are allocated.

(b) Wait for the online offer to open for everyone at 7pm on 8 May.

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If I buy shares on the PledgeMe site, when the share offer goes public, what date do you withdraw the money from my bank account?

The funds will be deducted from credit/debit cards within a week of the offer reaching its goal of $2,000,000 or when it closes on 18 May – so we aim for the credit/debit card to be processed by late-May. Likewise PledgeMe will contact those who have opted for bank transfers and we’d expect the funds transferred within a week or two of the offer closing.

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What returns can investors expect?

We can’t make any guarantees of returns, it is a high risk investment in a pre-revenue start-up in a highly uncertain regulatory environment and a new industry.

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Is this the only opportunity to invest?

It is unlikely there will be another opportunity for investment in Hikurangi Cannabis Company for some time.

There are opportunities to invest in other ventures being developed by Hikurangi Bioactives – please contact us for more information if you are interested in investing in other early stage biotechnology start-ups based on the East Coast.

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What are the minimum and maximum investment amounts?

The minimum amount to invest is $50.00 for 50 shares.

Investors interested in buying more than $50,000 worth of shares should email invest@hikurangi.enterprises about the alternative offer for investors who meet requirements for exemption under the relevant regulations.

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 to make their investment at 7pm on 8 May via the PledgeMe website.

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Can shares be transferred, bought or sold?

Shares purchased in Waiapu Investments are not publicly traded like a listed company. For the first three months following the issue of shares under the offer the shares may be transferred to other people. After the three months, share transfers will be subject to the restrictions set out in, or will need to be otherwise permitted under, the company constitution (for example, sale or transfer to family members or to another shareholder of WIL will be permitted). These restrictions ensure that the shares of WIL are retained by the existing shareholders of WIL.

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Can my family trust, company or land trust buy shares?

No, the PledgeMe platform only accepts individuals as investors. But an individual affiliated to the trust/company can register via PledgeMe and then transfer the shares to the entity once they have been allocated.

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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. Each entity is there for a reason. We’ve created this diagram of the various entities and shareholders and links below for more information on each entity.

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.

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

 

35 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.

    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.

  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?

    1. Admin says:

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

  3. Barrington Brown says:

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

    1. Admin says:

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

  4. Anne Bengtsson says:

    When does the PledgeMe start for Hikurangi?

    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.

  5. Lani says:

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

    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.

  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?

    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.

  7. Sure‘ says:

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

    1. Admin says:

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

  8. Ziggy says:

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

    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. 🙂

  9. CM says:

    If I buy shares on the PledgeMe site, when the share offer goes public, what date do you withdraw the money from my bank account? Thanks!

    1. Admin says:

      The funds will be deducted from credit/debit cards within a week of the offer closing around 10 May – so the credit/debit card would be processed by mid-May. Likewise PledgeMe will contact those who have opted for bank transfers and we’d expect the funds transferred within a week or two of the offer closing.

  10. Queen o Aotearoa says:

    Looking forward to meeting and greeting everyone especially those of you who have pathed the way forward for our people to start their own journey of self healing thru Tino rangitiratanga, ka rawe koutou. Nga mihi, HRH Mia

  11. Ra says:

    if I wanted more shares further down the track would that be possible?

  12. Admin says:

    Kia ora. It is unlikely we will provide another opportunity for investment in this company. If everything goes to plan we should have enough revenues to fund expansion or we will use debt financing from a lender.

  13. Maria Ngarimu Edwards says:

    Kia Ora!..If everything goes to plan, how far away would it be before you start employing people, would it be employment for locals first, as i live away from home but would love to have the opportunity to return home knowing there would be employment available?

    1. Admin says:

      We’d like to employ locals first, but also keen to attract people from the Coast living away who have the skills and experience to take up the jobs available.

  14. Romelli says:

    Kia ora Manu,

    Looks awesome.
    Will the clinical trials involve animal testing?

    1. Admin says:

      Only human animals (healthy adult males to begin with) at this stage.

  15. Hi, Im a recent below knee amputee can I be considered for the clinical trials?

  16. Erica says:

    So if we invest money, the likelihood of getting a return from our money is slim

  17. Erica says:

    Or will our investments increase in value, or worst case, decrease..

  18. Hello, congratulations on the overwhelming support. However can you and or pledgeme guarantee this will not happen again tomorrow night?

  19. Peter says:

    Pledgeme page not working again!

    1. Admin says:

      PledgeMe is broken. We are very sorry for the inconvenience and frustration it has caused.

      You can use this form to register your investment: https://docs.google.com/forms/d/e/1FAIpQLSd9BkUHVxnaF3J1oDmh4FyzeMrwrMK-wrSzkprD_43_lLZCOg/viewform

      Thanks for you patience,
      Manu & Panapa.

  20. nzstyle says:

    Hi am I still able to invest, I live in the south island? is the closing day tomorrow?

    1. Admin says:

      The offer is now closed unfortunately but you can sign up here to be kept updated on future opportunities to invest with the cannabis venture: https://docs.google.com/forms/d/e/1FAIpQLScMF3EOQlIV467Ge1gJBOJZFarSWPHiJ7-UQKok8gBNLbDh0w/viewform

  21. Tony Knight says:

    Is it too late to invest now that the pledge me offer has expired?

    1. Admin says:

      The offer is now closed unfortunately but you can sign up here to be kept updated on future opportunities to invest with the cannabis venture: https://docs.google.com/forms/d/e/1FAIpQLScMF3EOQlIV467Ge1gJBOJZFarSWPHiJ7-UQKok8gBNLbDh0w/viewform

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