Waiapu Investments | Hikurangi Cannabis By Panapa Ehau from Waiapu Investments Limited

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About Waiapu Investments | Hikurangi Cannabis

 

 

Waiapu Investments

Waiapu Investments Limited (WIL) is a new investment company established by Hikurangi Enterprises to raise capital to invest in economically, socially and environmentally sustainable businesses based in Te Tairawhiti.

Hikurangi Cannabis Company

Based in Ruatorea, Hikurangi Cannabis aims to be the first producer of pharmaceutical grade cannabis in New Zealand, the first to conduct a clinical trial of a New Zealand made medical cannabis product and the first to export medical cannabis products from New Zealand.

Hikurangi Cannabis' vision is to:

  • create local jobs on the East Coast
  • apply local knowledge to local situations
  • create opportunities for local people to lead local development
  • conduct itself at the highest ethical, quality and environmental standards

The money raised by WIL through this equity crowdfunding campaign will be invested into Hikurangi Cannabis in order for the company to build a pharmaceuticals processing facility and plant growing operations in Ruatorea and to carry out phase one clinical trials for a New Zealand made medical cannabis product.

You can read the full details of the offer in our Information Memorandum.

 

 

   

  

Kaupapa and Values

Ponotanga/tikanga/manaakitanga:
integrity, honesty, openness, transparency, knowing and hospitality

Mauitanga:
innovation, creativity and resourcefulness

Kaitiakitanga and taonga tuku iho:
sustainable stewardship and responsibility for the treasures with which we have been entrusted

Whanaungatanga:
recognition of whakapapa and the generations that have gone, those still to come and the importance of enduring relationships

Wairuatanga:
acknowledgement of the spiritual and metaphysical dimensions of our work and all relationships

Te Tiriti o Waitangi:
acknowledging that we have our own systems, power and authority to protect our whanau, whenua and whakapapa

 

The Crowdfunding Share Offer

We are offering up to two million non-voting shares in WIL as follows:

  • price per share = NZ$1.00
  • minimum individual investment = $50 (50 shares)
  • minimum funding goal: $500,000
  • maximum funding goal: $2,000,000 from the crowd through PledgeMe, plus any amount raised from exempt investors (see our Information Memorandum for more details)

For a full view of our pre-money and post-money shareholdings, as well as the rights attached to the shares, read our Information Memorandum.

Use of capital

Potential return on investment

The intention is that the company will remain in the community where it starts. Some companies that WIL invests in (including, for example, Hikurangi Cannabis Company) may eventually be listed on a stock exchange, but there is no current intention that WIL will be listed on a stock exchange.

We do not know when WIL shareholders will receive dividends, but Hikurangi Cannabis Company aims to create a profit within the first two years of operation and provide a dividend to its shareholders within the first three years. Please see our assumptions relating to the financial forecasts under the heading “WIL Financial Forecasts” at page 25 of our Information Memorandum.

While WIL has no control over Hikurangi Cannabis Company and Hikurangi Hemp Holdings, it will use it’s best endeavours to see that it’s shareholders get a reasonable return.

   

 

   

About our Team

Hikurangi Enterprises has chosen the inaugural board members for WIL based on their alignment with the goals and values of the company along with the experience, skills and networks they bring.

 

 

Panapa Ehau
Uepohatu. 
As a co-founder of Hikurangi Enterprises I am passionate about the well-being of our whanau and our whenua. I grew up in Ruatorea and returned to the East Coast five years ago to raise my young family after two decades of study, travel and business experience. It is with great honour and excitement that I am privileged to walk alongside our whanau and supporters to explore and create opportunities to benefit our people now and for future generations. As a director and trustee on a number of the Hikurangi Group entities I am focused on transparency and success. 

 

Kevin Dell
I was a commercial partner in AWS Legal, Southland for about 40 years. During that time I was President of the Southland District law Society and on the Board of the New Zealand Law Society. I was also on the boards of Lawlink, a group of New Zealand legal firms and an Invercargill City Council controlled company. I recently retired with my wife Hinetu to Ruatorea.  

 

Jacqui Poutu
Ngati Ngaronoa Te Aitanga a Hauiti, Ngati Hau Uepohatu  
I am passionate about bringing our people together as multiple whanau, hapu and iwi – acknowledging the mana of those before us and those whom continue to work tirelessly for us. Aligning to this honour, as a director, my focus will be on intergenerational wellbeing through looking after the locals, their needs and expectations. I believe we should embrace who we are and do the best we can in each generation to help each other. My background has enabled me to work for our people in tertiary education, health, policy analysis and advising, investment, governance, representation and Te Tiriti o Waitangi. I like ‘systems’ so I studied a Bachelor of Science majoring in Neuro Anatomy and Structural Biology (Otago), and a Masters of Public Policy (Victoria). Creating the conditions for systems to be relevant to us, our way, I think is an intergenerational discussion. I hope to contribute something positive to it. I serve on multiple boards in the tertiary education and community sectors and currently work with policy at Te Taurā Whiri i Te Reo Māori (The Māori Language Commission).. 

 

Carey Manuel
Te Whanau-a-Takimoana  
Tena koutou e te whanau, ko Carey Manuel ahau. I love working with our whanau, hapu and iwi to develop opportunities for our people to thrive and I am stoked to be working with our people to develop those opportunities on the Coast. After studying at Otago University, I practised law for seven years in Tauranga Moana specialising in Environmental Law and Maori legal issues. I am currently the Chief Operations Officer at Poutiri Trust, a Maori charitable health trust based in Te Puke, which provides community health services to whanau throughout the Bay of Plenty. I am based in Tauranga Moana with my partner and our two tamariki. 

 

Trevor Moeke
Horouta. Takitimu. Mataatua  
As a weaver of people, business and narrative, I effect positive change in all I pursue. Through a career in both public and private sectors I have held multiple board, chair and strategic advisor positions across investment and education entities. I am currently the Principal Advisor, Crown Maori Capability for the New Zealand Treasury and Director for Kahungunu Assets Holding Company. I am co-founder of the World Indigenous Nations Higher Education Consortium and was chief executive of Maori broadcasting funding agency Te Mangai Paho (TMP). Piki te Kaha. Piki te Ora. Piki the Wairua.  

 

 

 

What we've done so far

Hikurangi Enterprises and associated entities (namely, Hikurangi Bioactives LP) have achieved a range of Medical Cannabis related milestones to date. Following the granting of the Medical Cannabis Cultivation Licence to Hikurangi Cannabis Company, the assets and value of these milestones and undertakings would reside in Hikurangi Cannabis Company:

  • Licenced two properties for low-THC cannabis cultivation and supported seven other local properties to secure licences and grow trial crops.
  • Had two successful growing seasons producing 10,000 plants of approved low-THC varieties under licences held by Hikurangi Enterprises

 

  • Had clinical trials protocols prepared by world-class medical researchers for a product based on CBD whole plant extract. Phase 1 study able to commence as soon as product is ready. A proven safe product can be licensed to medical researchers in New Zealand and around the world for testing efficacy in treating specific health conditions.
  • Commissioned what is understood to be the first Carbon Dioxide (CO2) Supercritical Fluid Extraction of cannabis in New Zealand.
  • Commissioned analysis of 2018 crop with initial results from independent lab testing finding Hikurangi plants produce an extract with a yield of 35% cannabinoids that is 88% CBD and only 7% THC of total cannabinoids. 
 
  • Positive discussions with government regulators to obtain a Medicinal Cannabis Cultivation Licence because clinical trials for a CBD product are part of our research and development work. 
  • Submitted application for a Licence for Medical Cannabis Cultivation to Ministry of Health.
  • Signed conditional agreement with Seattle-based Rhizo Sciences to provide consultancy services in establishing cGMP (Current Good Manufacturing Practice, i.e. pharmaceutical grade) facilities using North American experts to advise on growing and extraction facility design, procedures and process design for cGMP accreditation, accessing and breeding high quality genetics, optimising growing and extraction processes for specific production outcomes, identifying key markets and prioritising resources to get to market quickly.
  • Have a non-binding letter of intent with Rhizo Sciences for a potential order for extracts (CBD &/or THC) of 3,000kg in Year 1 rising to 12,000kg by Year 3 for export to Europe, Canada &/or Australia valued at NZ$160 million over three years provided certain conditions are met. In discussions with three other international customers for additional export orders.

 

  • Developed international relationships with phytosanitary certified seed suppliers of high-CBD, low-THC genetic strains to optimise production opportunities and new IP.
  • Secured research partners in New Zealand for breeding and genetics with 60 years of expertise in genetic selection and breeding.
  • Secured partners in New Zealand with novel processes for optimising extraction and manufacturing services.
  • Secured medical research partners with internationally recognised expertise in clinical trials for testing the safety and efficacy of new natural health products and pharmaceuticals.
  • Established national coalition with four other New Zealand companies interested in developing the CBD export sector in New Zealand and secured NZ Trade and Enterprise support to progress the coalition.
  • Negotiating lease and purchase agreements for another 40ha of suitable land to build growing and processing facilities on near Ruatorea.
  • Prepared detailed financial plan demonstrating profitable company growing under 10,000m2 of glasshouses within two years employing 122 staff. 
  • Commissioned an initial Freedom to Operate search on existing Intellectual Property that may be of relevance to New Zealand companies developing cannabinoid-based products for New Zealand patients.

 

 

What's next?

 

There are over 500ha of suitable land available for legal cannabis conversion in the Waiapu Valley. With medical cannabis cultivation outperforming most other cropping options, the concept of adding legal cannabis into a mixed farming model makes sense, especially if it is grown year round, both outdoors and under cover with a positive environmental footprint.

Rapid growth in medical cannabis markets to date and predictions of continued exponential growth is well documented. Worldwide, the legal use of medicinal cannabis is quickly expanding with over 30 countries and 29 states in the US now legalising medical cannabis, many of them allowing only imported product. 

Australian estimates of medical cannabis market size extrapolated for the New Zealand population suggest an annual domestic market of 50,000 units. Around 45,000 New Zealanders have epilepsy and 4,000 have Multiple Sclerosis. Based on figures adapted from a 2016 report by The University of Sydney, there is likely to be 3,500 New Zealanders with epilepsy and MS that wish to buy a CBD product once a month and a possible demand for up to 20,000 cancer treatments per annum, suggesting annual sales potential of around 50,000 units in New Zealand. 

Patient advocacy group Medical Cannabis Awareness New Zealand estimates there are around 25,000 patients in New Zealand who will use medical cannabis regularly once safe, proven products are more affordable. 

Domestic sales projections for Hikurangi Cannabis Company are still profitable based on selling affordable medicine to only a small proportion of potential patients as we anticipate competition from imported product and other New Zealand companies.  

   

 

   

Risks and Challenges

 

Risks and Impact

How we'll mitigate it.

Key partners don’t deliver so business development runs over time/budget: Business development runs over budget and/ or over time. Funds depleted before business facilities and staff are operational, and/or delays cause loss of market lead.

Due diligence has been done on the track record and ability to deliver via previous projects. Agreements are non-binding until they can and need to be and then all parties are committed to meeting key milestones and payments are connected to deliverables. For example supply contracts cannot be signed until funds are available post-share subscriptions or other sources to build facilities and clarify establishment timeframes and production schedules. Our key development partner will have a vested interest in the facilities being built and accredited on time as they are also a key customer who will have supply agreements to fulfil. In the worst case scenario other development partners could be enrolled from NZ and overseas.

Exports are prohibited by NZ regulators: Unable to generate significant revenues from export to overseas markets, which would reduce production requirements.

NZ legislation already allows export to any jurisdiction with the same or similar regulations for controlled drugs. There are proposals to change the law and the regulations to allow for the commercial cultivation of medical cannabis and medical cannabis is already legal to import. If for some reason exports were prohibited we would carry on developing proven medicines for domestic supply and licence the IP internationally.

Not enough local growers to meet demand: Hikurangi is unable to meet supply opportunities.

Hikurangi Enterprises has partnered with the Eastern Institute of Technology to offer a range of tertiary courses focused on the production of low-THC cannabis. Growers around New Zealand contact Hikurangi on a weekly basis asking to be able to grow for the company, so there seems to be no shortage of willing workers. Wages offered are between two and three times the local median income, so we are confident there will be interest in the jobs available.

Not enough land to meet demand: Hikurangi is unable to meet supply opportunities.

Numerous landowners locally and nationwide who have offered land blocks for growing. Over 500ha of cropping land is available in the Waiapu Valley alone, more than a dozen landblocks have approached Hikurangi enquiring about opportunities to grow cannabis for the company.

Do not hit forecasts: Unable to reach revenue targets, impacting on viability of business, return on investment, contractual obligations to customers and future supply contracts.

Hikurangi Cannabis Company production capacity is proven with 2016/17 and 2017/18 growing seasons. The company will have established extraction and manufacturing capability and have trained staff in role before production commitments are made. Production contracts will account for influences beyond the control of the company including adverse weather, regulatory changes and currency fluctuations

Issues with international regulators: Time delays to engage alternative regulatory advisers.

Our international partners are well versed with the global market and regulatory trends and changes. Initially they will manage these relationships and supply arrangements. NZTE have strongly supported the company to date and provide business advisors and contacts in key markets/jursidictions around the world.

Loss of or unable to recruit key staff: Delay in meeting production targets.

Company procedures, key contacts and systems will be shared amongst the management team and stored securely. Strong demand exists for work in this emerging industry and talented people do not seem to be in short supply. The relative isolation is a barrier for some people but a magnet for others. Without advertising and well before we need them, Hikurangi has already been approached by a number of highly skilled and experienced scientists, technicians and managers with proven track-records in roles similar to those we are requiring.

Sufficient funds are not raised to enable full project activities and facilities to be completed: Timeframe for reaching goals is extended.

The research and production activities and facilities are all scalable, in the unlikely event we don’t find enough investors the plans will be scaled back and we will focus on product development and undertaking the clinical trials with available infrastructure and outsourcing some processing.

Necessary consents and licences are not secured: Unable to carry out proposed activities.

Strong support exists within the local consents regulator to support sustainable new industry and the industry has no more than minor impact on the environment so resource consents will be easy to obtain. Ministry of Health have been very supportive and cooperative in helping Hikurangi to attain the necessary licence for Medical Cannabis Cultivation - the company has designed security and traceability systems that will comply with the highest standards internationally, combined with strong political support for NZ based clinical trials and developing a local industry there should be no delays in obtaining the necessary licence provided the research plan is communicated clearly.

 

 

Note from PledgeMe

We have completed a Veda check on the company and their directors, as well as a google check. There were no adverse findings. 

 

Updates

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    Offer Details

    Current Valuation 180,001
    Raise Minimum 500,000
    Raise Maximum 2,000,000
    Share Price 1.00
    Maximum Shares Offered 2,000,000
    Explanation of valuation:

    WIL has a pre-money valuation of $180,001, which is the value of 180,001
    shares, prior to the capital raise. The company will not hold any tangible
    assets until after capital is raised, $180,001 is a goodwill value.


    Financial Summary

    Prev Year Current Year Est. FY 2020 Est. FY 2021
    Revenue $0 $477,986 $541,484 $568,505
    Operating Expenses $50,000 $50,000 $50,000 $50,000
    EBITDA -$50,000 $427,986 $491,484 $518,505
    Net Profit -$50,000 $427,986 $491,484 $518,505

    Company Details

    Company Name: Waiapu Investments Limited

    Company Number: 6614353

    Company details are currently being synced with the Companies Office, please wait.

    Company Documents

    Documents no longer available to download, as this campaign has closed

    Director Details

    Name Role Profile URL Invested?
    Panapa Ehau Director https://www.linkedin.com/in/panapa-ehau-5b79666/
    Carey Manuel Director https://www.linkedin.com/in/carey-manuel-977aa076
    Kevin Dell Director https://www.linkedin.com/in/kevin-dell-1a8a2698/
    Jacqui Poutu Director https://www.linkedin.com/in/jacqui-poutu-348ba3a4/
    Trevor Moeke Director https://www.linkedin.com/in/trevor-j-moeke-09519724/

    Ask a Question (You must login to ask a question)

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    If I am pledging on behalf of my whanau, is it better to pledge each one individually? Or pledge in bulk? Just want to make sure that the trasnfer later on is easy & transparent :)

    Posted on 08-05-2018 by Hiria Parata

    Kia ora Hiria. It is a straightforward process to transfer to your whanau once we have verified your identity. Once you receive an email confirming you have verified and have made your payment, you can request a share transfer form. Thank you for your support of Waiapu! Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    If I want to pledge and transfer it to my two babies name later, is there a age where they can legally receive it?

    Posted on 09-05-2018 by Kiriana Reedy

    Kia ora Kiriana. You can transfer to your babies at any age once we have verified your identity. Once you receive an email confirming you have verified and have made your payment, you can request a share transfer form. Thank you for your support of Waiapu! Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I received an email advising that i can now pledge on pledge me and.....The maximum value you may pledge has been exceeded.
    Please reduce the amount of your pledge....I am wanting to invest more than the minimum pledge amount

    Posted on 09-05-2018 by Chloe Rigg

    Kia ora Chloe. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. If you want to invest again, some room will become available on the waitlist, or in future campaigns. Let us know if you would like to go on the waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kiaora, Will more shares be added? I tried to pledge but it said the amount had been exceeded

    Posted on 09-05-2018 by Bronwyn Ngatai-Hawtin

    Kia ora Bronwyn. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. It was fantastic there was so much support for Waiapu for their public launch, but it meant only 340 pledgers got in before those final shares were allocated from the over 4,000 people online and waiting to pledge. Hopefully some room will become available on the waitlist, or in future campaigns. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    im very disappointed at missing out as have been waiting months for this. will there be another opportunity?

    Posted on 09-05-2018 by craig

    Kia ora Craig. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. It was fantastic there was so much support for Waiapu for their public launch, but it meant only 340 pledgers got in before those final shares were allocated from the over 4,000 people online and waiting to pledge. Hopefully some room will become available on the waitlist, or in future campaigns. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Tried to use the pledgeme site but kept crashing on final steps on payment. I have filled out the google doc form. Will you make further contact from there?

    Posted on 09-05-2018 by Brendan Crennell

    Kia ora Brendan. We hear your frustration. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. However, I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    It's saying there's not enough equity. Is that true? I feel hard done by if so

    Posted on 09-05-2018 by Te Huia Paniora-Hepi

    Kia ora Te Huia. We hear your frustration. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. However, I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Unfortunately I’m in the same boat too! I also waited quite some time for this opportunity and just missed out.
    Please let us know if there is another chance to invest in the near future. Thanks!

    Posted on 09-05-2018 by Chi Tran

    Kia ora Chi. As you might have seen from the messages above, just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I’m the same boat as Craig. Please contact me when some pledges fail to complete. I too completed the google form and have funds available.

    Posted on 09-05-2018 by Tony Davenport

    Kia ora Tony. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    If i filled in form form on FB earlier, does that mean i still have a chance with an investment...

    Posted on 09-05-2018 by Maria Ngarimu Edwards

    Kia ora Maria. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kia Ora am trying to pledge & its saying the max amount I can pledge has been exceeded. I'v also filled in the waitlist doc will those pledges also be denied?

    Posted on 09-05-2018 by Linda Te Mara

    Kia ora Linda. As you might have seen from the messages above, just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Did I miss the boat? Want to buy 3000

    Posted on 09-05-2018 by Jeremy Lee

    Kia ora Jeremy. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Am I able to pledge even though I live in Australia

    Posted on 09-05-2018 by Shai Griffiths

    Kia ora Shai. Apologies for the delay in reply. It is possible to pledge fro Australia if you have a New Zealand passport and can provide proof of your address. Please let me know if you would like to go on the waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Please adds some more! missed out this time!!

    Posted on 09-05-2018 by Daniel Waterson

    Kia ora Jeremy. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Same will not let me pledge. I am guessing that I was too late. Please contact if any more shares are on offer.

    Posted on 09-05-2018 by Wendy

    Kia ora Wendy. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Hi, it’s saying Maximum Value exceeded for any amount - even when I put in $50?

    Posted on 09-05-2018 by Bobby

    Kia ora Bobby. As you might have seen from the messages above, just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I am trying to pledge 1000 but it is saying shares exceeded. Are they all gone? Have tried to get on at both times offered but have been blocked by the crash till now...

    Posted on 09-05-2018 by Nathan Sowter

    Kia ora Nathan. I can confirm that you have been allocated the shares you applied for through the form. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I hope this did not happen like it did. I followed everything the site was down 7 o'clock yesterday and today I went to the Facebook Page filled out the document as suggested I'm already pre registered. I thought I'll check this just before bedtime I cannot believe my eyes that this is happened like this but I will be waiting for a reply. And hope. That even though I missed this because of the I'll equipped site I still get my shares as requested on that document advise by email on your Facebook page. Because business is business and this is not sport of how pledge me handled it tonight.

    Posted on 09-05-2018 by Nick

    Kia ora Nick, I can confirm the campaign is NOT closed yet – we have manually closed it to use the form that you completed instead, but the campaign’s upper goal is still $2,000,000. Disregard any emails you received saying the campaign reached its target – those are due to us manually closing it.

    You will receive email confirmation in the coming days to finalise your pledge, or will be added to the waiting list if the campaign has reached its maximum target.

    Cheers,
    Anna (on behalf of PledgeMe)

    Answered on 09-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Congratulations on getting so much interest. Boohoo to me go missing out...I want in on this as you are leading the way. Aroha.

    Posted on 10-05-2018 by denise jamieson

    Kia ora Denise. As you might have seen from the messages above, just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. Please let us know if you would like to go on the waitlist. Ngā mihi, Anna (Team PledgeMe).

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Tried to pledge but says amount exceeded?? Will there be more shares offered?

    Posted on 10-05-2018 by Ali

    Kia ora Ali. As you might have seen from the messages above, just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I have been trying to pledge for 2 straight nights. First the site was crashed, then tried again last night and this morning, now it won't let me pledge 50. Saying equity maximum? I'm really upset, have been at this for days and wanted to be a part of this. It has been a really unfair process many of us spending hours only to be let down. Wht has the minimum amount been increased? Not exactly fair for those of us that have less money but still made the effort to and deserved to be a part of this. Totally disappointed.

    Posted on 10-05-2018 by Kirsty Osborne

    Kia ora Kirsty. We hear your disappointment. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. It was fantastic there was so much support for Waiapu for their public launch, but it meant only 340 pledgers got in before those final shares were allocated from the over 4,000 people online and waiting to pledge. It was incredibly disappointing that our website was overwhelmed with the tidal wave of support that flowed in for Hikurangi. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Could not any shates last night. The link crashed, please contact me if any shares available.

    Posted on 10-05-2018 by Danielle Armstrong

    Kia ora Danielle. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. It was incredibly disappointing that our website was overwhelmed with the tidal wave of support that flowed in for Hikurangi. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Hi there I live in Gisborne and would like to pledge to this is I can please let me know, thanks.

    Posted on 10-05-2018 by Kirra Dearman

    Kia ora Kirra. Please let us know if you would like to be placed on our waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    kia ora I completed the form and my manual Pledge last nite was successful, obviously the are going thru the thousands of manual pledges etc. and they informed they were going contact me via email. OK so im waiting in a queue for info how to make my pledge, but how long and how do I do it ?

    Posted on 10-05-2018 by Teddy Andrews

    Kia ora Teddy. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Hi there,I've been watch you on TV,in the news paper,Gotten a lot of people too look ibto tour pledge because its such an amazing thing for NZ and all the sick people looking for something to make life just that little bit easier, and been watch you for months waiting for your pledge page to launch,I missed out on Tuesday as your pledge page crashed so missed out,and then yesterday I missed out as all pledges had been fulfilled before I could get in,just wondering if any more shares will be up on offer,has a person who has had kemo and other heath issues, I completely understand the benifits of the products this company is looking to produce...Will be grately appreciated to have to opportunity to become part if this movement as its forges its way into the future and beyond..please let me know if any share come as I'd be looking a pledging $500.

    Posted on 10-05-2018 by Benjamin Gregory

    Kia ora Benjamin. Thanks for your support of Waiapu. hile it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. It was incredibly disappointing that our website was overwhelmed with the tidal wave of support that flowed in for Hikurangi. Please let us know if you would like to be placed on our waitlist. Ngā mihi, Anna (Team PledgeMe

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I missed the boat can you open it up again.

    Posted on 10-05-2018 by solcada

    Kia ora. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. Please let us know if you would like to be placed on our waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Ngā mihi ki a koutou me te kaupapa. Love to pledge but missed with the crash. Hope it opens again. Ngā mihi

    Posted on 10-05-2018 by Sheridan McKinley

    Kia ora Sheridan. While it was fantastic there was so much support for Waiapu, only 340 pledgers got in before those shares were allocated from the over 4,000 people online and waiting to pledge. It was incredibly disappointing that our website was overwhelmed with the tidal wave of support that flowed in for Hikurangi. Please let us know if you would like to be placed on our waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Still not able to pledgeme

    Posted on 10-05-2018 by Sonya Birch

    Kia ora Sonya. Thanks for your support of Waiapu. Please let us know if you would like to be placed on our waitlist. Ngā mihi, Anna (Team PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    So disappointing to put it nicely, like others I've waited months to grab shares in this, like others I tried at seven on the dot (both nights) like others I am p*%(#[email protected] pledge me, totally bummed, (NOT GOOD ENOUGH) to say first in first served when we couldn't "get in".

    Posted on 11-05-2018 by Dion Tipuna

    Kia ora Dion. Just over $600,000 worth of shares were available at the launch of Waiapu’s public campaign, as shares were allocated locally first. It was fantastic there was so much support for Waiapu for their public launch, but it meant only 340 pledgers got in before those final shares were allocated from the over 4,000 people online and waiting to pledge. It was incredibly disappointing that our website was overwhelmed with the tidal wave of support that flowed in for Hikurangi. I can confirm that you've been placed on the waitlist. We will be letting people know in the next three weeks if shares become available in the order that form pledges were received. Thank you for your support of Waiapu. Ngā mihi, Anna

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Hi there kia ora, I wrote you yesterday,and just want to confirm I'd love to be put on your waiting list,Thanks for the opportunity.

    Posted on 11-05-2018 by Benjamin Gregory

    Kia ora Benjamin. I will email you directly to follow this up. Ngā mihi, Anna

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Can i please get on the list if more shares are offered?

    Posted on 11-05-2018 by Josh

    Kia ora Josh,

    You can get added to the waitlist at this link: https://goo.gl/forms/2BO14XlE4zYSK4LA2

    Ngā mihi,
    Anna (on behalf of PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kia ora, I received an email to 'confirm that you have been allocated shares at the rate you pledged' but I am unable to pledge on this site. Did I miss out or am I on a wait list? Thanks

    Posted on 11-05-2018 by Maru Nihoniho

    Kia ora Maru,

    I can confirm that your pledge has been added to your profile. We will now verify your identity and address. Once that's done you'll receive payment details. Feel free to send us an email on [email protected] if you have any further questions!

    Ngā mihi,
    Anna (on behalf of PledgeMe)

    Answered on 11-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Good morning.

    I wanted to pledge but due to the massive success of this campaign, I wasnt able to get my pledge it - the site kept crashing.

    I have read you would consider people on waiting list to be able to buy some more shares?

    Please enlist me on the waitlisting and keep me updated.

    Thanks and all the best on this journey. :-)

    Posted on 12-05-2018 by Taijesh

    Kia ora Taijesh,

    You can register how much you're interested in pledging to this waitlist: https://goo.gl/forms/2BO14XlE4zYSK4LA2

    Thanks for your support!

    Answered on 13-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Closed your kidding me it crushed didnt get in

    Posted on 12-05-2018 by Ray Dargaville

    Kia Ora from Australia. Did my pledge get accepted, I did my pledge on pledgeme.co.nz, it was 160?

    Posted on 13-05-2018 by Villaine Parnell

    Kia ora Villaine,

    We'll send you an email about this.

    Ngā mihi
    The PledgeMe team

    Answered on 15-05-2018 by Panapa Ehau from Waiapu Investments Limited

    i competed the form, i got confirmation of my pledge being successful.got the update, so how am I supposed to complete it, i am still waiting.

    Posted on 14-05-2018 by Maxine Watene

    Kia ora Maxine,

    As an investor, we’re legally required to verify your identity by checking the information you provided us against a verification database. You don’t need to do anything right now, but if we need more information from you we will be in touch. Once you’ve been verified, you’ll get an email with payment instructions and the deadline for payment.

    Ngā mihi
    The PledgeMe team

    Answered on 15-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Wil i ht a email as to how to pay pledges

    Posted on 14-05-2018 by Cheryl Neiling

    Kia ora Cheryl,

    As an investor, we’re legally required to verify your identity by checking the information you provided us against a verification database. You don’t need to do anything right now, but if we need more information from you we will be in touch. Once you’ve been verified, you’ll get an email with payment instructions and the deadline for payment.

    Ngā mihi
    The PledgeMe team

    Answered on 15-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kia Ora can you please confirm if my pledge was successful.I received an email on this site but I cant find it! If I was successful, how long before I can pledge?

    Posted on 15-05-2018 by Josephine Takiari

    Kia ora Josephine,

    As an investor, we’re legally required to verify your identity by checking the information you provided us against a verification database. You don’t need to do anything right now, but if we need more information from you we will be in touch. Once you’ve been verified, you’ll get an email with payment instructions and the deadline for payment.

    Ngā mihi
    The PledgeMe team

    Answered on 15-05-2018 by Panapa Ehau from Waiapu Investments Limited

    I got a message saying I was successful when can I expect to need to pay through my pledge?

    Posted on 16-05-2018 by Callum McGibbon

    Kia ora Callum, PledgeMe will send payment details once they have verified you. If you chose bank deposit, you then have 10 working days to pay.

    Answered on 17-05-2018 by Panapa Ehau from Waiapu Investments Limited

    We registered in Uawa and gave bank details etc. The information given was to wait for pledge me to automatically take the funds from our account. We would like to know when this will take place?

    Posted on 16-05-2018 by makahuri thatcher

    Kia ora Makahuri, PledgeMe will process that pledge against your card once they have verified your identity and address. They will be in touch if they need any more information. Thank you for your support.

    Answered on 17-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kia ora,
    Received confirmation of my pledge via email. Have not recieved payment details, can you please advise.
    Nga mihi nui,
    Treena

    Posted on 17-05-2018 by Treena Thompson

    Kia ora Treena, PledgeMe will send payment details once they have verified you. If you chose bank deposit, you then have 10 working days to pay.

    Answered on 17-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Could I please be placed on the wait list. Thank you

    Posted on 17-05-2018 by Kelvin Maru

    Kia ora Kelvin, you can add how much you'd be interested in pledging here: https://goo.gl/forms/2BO14XlE4zYSK4LA2. Thank you!

    Answered on 17-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Tena koe, how do i get on the waiting list. Tbe fb website doesnt appear to allow...Tena na ra bae...

    Posted on 17-05-2018 by Wi

    Kia ora Wi, you can register your interest here: https://goo.gl/forms/2BO14XlE4zYSK4LA2

    Answered on 17-05-2018 by Panapa Ehau from Waiapu Investments Limited

    Kia ora, received confirmation of my pledge being successful yesterday. When does the 10 day payment begin? I am waiting to receive payment details for a bank deposit.
    Nga mihi,
    Treena Thompson

    Posted on 18-05-2018 by Treena Thompson

    Kai ora Anna. Can you please confirm my eligibility for shares, or otherwise. PledgeMe did respond to say my share allocation had been received, but I have had no further communications. Can you please advise of my status. If I have to I wish to purchase some failed pledge waitlist.

    Posted on 19-05-2018 by Laurence Anstis

    Hi i am new to pledge me but am now registered. i like many others missed the chance to invest. if and when they offer more shares how can i ensure i am notified so i dont miss out please.

    Posted on 19-05-2018 by nadine stace

    how does one get on the waiting list if people pull out or do not pay for shares on time please.

    Posted on 19-05-2018 by nadine stace

    Please add me to the waitlist, thanks. Attempted to obtain shares on Pledgeme, no deal!

    Posted on 20-05-2018 by Laurence Anstis

    We are also very disappointed - can you also put me on the waitlist.

    Posted on 20-05-2018 by Christina Perry

    Kia ora , I’m very interested in how I can become apart of this I’ve had a history of growing medical canibis for my friends and family for 20 years.
    I own rural property and a large shed and would be willing to use it for the cultivation.
    If I can help in anyway I’ll be willing to help financially in setting up an operation.
    Can you get back to me
    Thanks

    Posted on 20-05-2018 by Ricky shaw

    Kia Ora, please place me on the wait list for any future shares. Ngā mihi, sheridan

    Posted on 20-05-2018 by Sheridan McKinley

    Kia or a can you confirm if I am on the waitlist please.

    Posted on 21-05-2018 by Toni Robyn Sadlier

    Kia ora,
    Huge potential in your venture!
    Could I please go on your waiting list.

    Thank you.

    Posted on 21-05-2018 by Richard Scott

    Please put me on your waitlist

    Posted on 21-05-2018 by Margiana Cullinan

    I'd like to pledge but I'm late to the party when will there be an update?

    Posted on 22-05-2018 by Matthew Leef

    Hi, Just wondering if you can confirm my spot on the waitlist? Tried both nights to pledge and was sure that I was one of the first to fill out the google document as I had it refreshing every 5 minutes or so. Had been waiting months for this.

    Posted on 23-05-2018 by Shayna Cherry

    Pledges

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      Ana Brown
      2018-05-11 15:33:49 +1200

      Ana Brown has pledged on 1 campaign

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      Eruera Ruwhiu
      2018-05-11 15:33:49 +1200

      Eruera Ruwhiu has pledged on 1 campaign

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      Eru Walker
      2018-05-11 15:33:49 +1200

      Eru Walker has pledged on 1 campaign

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      Moana Marama Kaika
      2018-05-11 15:33:49 +1200

      Moana Marama Kaika has pledged on 1 campaign

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      James du Plessis
      2018-05-11 15:33:49 +1200

      James du Plessis has pledged on 1 campaign

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      Fraser
      2018-05-11 15:33:49 +1200

      Fraser has pledged on 1 campaign

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      MICHAEL LAI
      2018-05-11 15:33:49 +1200

      MICHAEL LAI has pledged on 1 campaign

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      Steven Houkamau
      2018-05-11 15:33:49 +1200

      Steven Houkamau has pledged on 1 campaign

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      Moushumi Das
      2018-05-11 15:33:49 +1200

      Moushumi Das has pledged on 3 campaigns

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      Megan Sobr
      2018-05-11 15:33:49 +1200

      Megan Sobr has pledged on 1 campaign

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      Michelle ngamoki
      2018-05-11 15:33:49 +1200

      Michelle ngamoki has pledged on 1 campaign

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      Fabian Karaitiana
      2018-05-11 15:33:48 +1200

      Fabian Karaitiana has pledged on 1 campaign

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      Erica Lawson
      2018-05-11 15:33:48 +1200

      Erica Lawson has pledged on 1 campaign

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      Harriet Eve Waitoa
      2018-05-11 15:33:48 +1200

      Harriet Eve Waitoa has pledged on 1 campaign

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      Neha Kulkarni
      2018-05-11 15:33:48 +1200

      Neha Kulkarni has pledged on 1 campaign

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      Jimmy wanoa
      2018-05-11 15:33:48 +1200

      Jimmy wanoa has pledged on 1 campaign

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      Irene Kelly
      2018-05-11 15:33:48 +1200

      Irene Kelly has pledged on 1 campaign

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      Jeremy Rillstone
      2018-05-11 15:33:48 +1200

      Jeremy Rillstone has pledged on 1 campaign

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      Ewa
      2018-05-11 15:33:48 +1200

      Ewa has pledged on 2 campaigns

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      David Tuck
      2018-05-11 15:33:48 +1200

      David Tuck has pledged on 1 campaign

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      Jessica Murray
      2018-05-11 15:33:48 +1200

      Jessica Murray has pledged on 3 campaigns

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      Erin Hudson
      2018-05-11 15:33:48 +1200

      Erin Hudson has pledged on 1 campaign

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      Maria Maats
      2018-05-11 15:33:48 +1200

      Maria Maats has pledged on 1 campaign

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      Huia mason
      2018-05-11 15:33:48 +1200

      Huia mason has pledged on 1 campaign

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      ebby paiti
      2018-05-11 15:33:48 +1200

      ebby paiti has pledged on 1 campaign

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      Aisha coffey
      2018-05-11 15:33:48 +1200

      Aisha coffey has pledged on 1 campaign

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      simon williams
      2018-05-11 15:33:48 +1200

      simon williams has pledged on 2 campaigns

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      Rachel Kerr
      2018-05-11 15:33:48 +1200

      Rachel Kerr has pledged on 1 campaign

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      Levi mcphee
      2018-05-11 15:33:48 +1200

      Levi mcphee has pledged on 1 campaign

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      Hamish Aitken-Buck
      2018-05-11 15:33:48 +1200

      Hamish Aitken-Buck has pledged on 1 campaign

      This project was successful and got its funding on 10/05/2018 at 8:00 AM.

      This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in Waiapu Investments | Hikurangi Cannabis, you can sign up to be notified when a new equity campaign from this company is published.

      Notify Me

      Investor Perks

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.