Roadshow to raise capital for cannabis company

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AN East Coast company has taken its first public investment offer on a roadshow through the region this week.

Waiapu Investments Ltd has been established by Ruatoria-based social enterprise Hikurangi Enterprises as a way to give residents a stake in their ventures.

“Our charitable company Hikurangi Enterprises is all about job creation and economic development for the East Coast, but we also wanted to give locals some real ownership in what we are doing,” said managing director Panapa Ehau.

The board of Waiapu Investments is appointed by Hikurangi Enterprises and includes two lawyers, Kevin Dell and Carey Manuel, with experience in large business deals, investment capital structures and commercial law. Third director Jacqualene Poutu has a background in Maori governance, public policy and tertiary education, and co-founder of Hikurangi Enterprises, Panapa Ehau is the fourth director.

Waiapu Investments’ first public offer will be available through the equity-raising platform provided by crowdfunding company PledgeMe.

The offer is for shares in Hikurangi Cannabis Company, a medical cannabis venture initiated by the Hikurangi group of companies.

“We have kept the entry level for minimum shares very low. For some it will be the first shares we have owned in a company outside of shareholdings in Maori land blocks and incorporations,” Mr Ehau said.

The roadshow began in Te Araroa, followed with meetings today at Tikitiki School, Saturday morning 9am at Hati Nati Cafe in Ruatoria and 2pm at Cafe 35 in Tokomaru Bay.

It concludes on Sunday with a 9am meeting at Tolaga Inn and a 2 to 5pm Gisborne meeting at Te Kuri-a-Tuatai Marae in Lytton Road.

More than 1800 people around New Zealand have registered interest in investing from less than $1000 to more than $500,000. The maximum that can be raised through the PledgeMe offer is $2 million.

Funds raised will be used to pay for new growing and processing facilities for the medical cannabis company, clinical research and associated regulatory costs.

An information memorandum will be released in March before the PledgeMe offer opens online.

AN East Coast company has taken its first public investment offer on a roadshow through the region this week.

Waiapu Investments Ltd has been established by Ruatoria-based social enterprise Hikurangi Enterprises as a way to give residents a stake in their ventures.

“Our charitable company Hikurangi Enterprises is all about job creation and economic development for the East Coast, but we also wanted to give locals some real ownership in what we are doing,” said managing director Panapa Ehau.

The board of Waiapu Investments is appointed by Hikurangi Enterprises and includes two lawyers, Kevin Dell and Carey Manuel, with experience in large business deals, investment capital structures and commercial law. Third director Jacqualene Poutu has a background in Maori governance, public policy and tertiary education, and co-founder of Hikurangi Enterprises, Panapa Ehau is the fourth director.

Waiapu Investments’ first public offer will be available through the equity-raising platform provided by crowdfunding company PledgeMe.

The offer is for shares in Hikurangi Cannabis Company, a medical cannabis venture initiated by the Hikurangi group of companies.

“We have kept the entry level for minimum shares very low. For some it will be the first shares we have owned in a company outside of shareholdings in Maori land blocks and incorporations,” Mr Ehau said.

The roadshow began in Te Araroa, followed with meetings today at Tikitiki School, Saturday morning 9am at Hati Nati Cafe in Ruatoria and 2pm at Cafe 35 in Tokomaru Bay.

It concludes on Sunday with a 9am meeting at Tolaga Inn and a 2 to 5pm Gisborne meeting at Te Kuri-a-Tuatai Marae in Lytton Road.

More than 1800 people around New Zealand have registered interest in investing from less than $1000 to more than $500,000. The maximum that can be raised through the PledgeMe offer is $2 million.

Funds raised will be used to pay for new growing and processing facilities for the medical cannabis company, clinical research and associated regulatory costs.

An information memorandum will be released in March before the PledgeMe offer opens online.

Meetings

Today at Tikitiki School

Saturday 9am at Hati Nati Cafe in Ruatoria

Saturday 2pm at Cafe 35 in Tokomaru Bay

Sunday 9am meeting at Tolaga Inn

Sunday 2-5pm Gisborne meeting at Te Kuri-a-Tuatai Marae in Lytton Road

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Kieran McKenzie - 2 months ago
How can I invest in this opportunity? More info please.

Ziggy, California - 1 month ago
What is the latest? On what exchange and under what ticker symbol is this being offered? When?

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