Puro New Zealand

By Tim Aldridge

PledgeMe.Investment

Product,



NZ $2,000,000 pledged


305 people pledged


Closed


NZ $100,000 minimum target


Min

NZ$100,000

Max

NZ$2,000,000

100 100% Complete

Pledges will only be confirmed if the target is reached by: 16/04/2021 at 12:00 PM (NZST)

Make a Pledge

About

Puro New Zealand

Puro is New Zealand's largest cultivator of premium medical cannabis, dedicated to growing sustainably and organically at two sites in Marlborough.  We are one of the first companies in New Zealand to commercially grow low-THC and high-CBD medical cannabis, which we will sell to domestic and international manufacturers and wholesalers.

With the licences we need, plants in the ground, the first harvest about start and the space to expand – Puro is growing.  Our organic accredition is also underway, which will provide a unique selling proposition for Puro locally and globally.

Read the Full IM Here

Site Manager Winston Macfarlane at the Winterhome Farm at Kēkerengū. Mr Macfarlane’s family have farmed at Winterhome, on the Kaikōura coast, for more than 130 years.

In December 2020 Puro planted 10 hectares of medical cannabis at Kēkerengū on the Kaikoura Coast, where we also constructed the country’s largest medical cannabis drying facility. The seeds have been sourced from Australia, Europe and North America, and consist of six carefully selected cultivars, handpicked for their high levels of CBD and CBG, and low levels of THC.

Our first commercial cannabis harvest is taking place in March and April 2021.

Planting at Kēkerengū, December 2020

Planting at Kēkerengū, December 2020, with Puro's specialised cannabis transplanter.

In Waihopai, Blenheim, our research facility is operational with high-THC plants growing.

With an internationally-experienced agronomy team, global experts on medical cannabis by our side and a cultivation programme driven by comprehensive research and world-leading technology, Puro offers an exciting opportunity to invest at the forefront of this new global industry.

Waihopai Research Facility

Puro's research facility, Waihopai.

 

About our Team

Puro has the team to grow.

Puro has built a strong team with diverse backgrounds and experience. Each member possesses unique and valuable skillsets.

Our on-the-ground team works alongside key strategic partners and leading international cannabis cultivation experts and researchers – bright minds from New Zealand and the world investing their knowledge and experience right here, with Puro.

Tom Forrest

Tom Forrest CF BA DipBus
Cultivation Director and Strategic Advisory Group Member

Tom provides guidance to the Board on business strategy, risk mitigation and oversees the cultivation and breeding programme for Puro.

A global leader in the cannabis industry, Tom is a Churchill Fellow for Cannabis Agronomy and publisher of a White Paper for the Australian industry on cannabis botany, global industry and cultivation. As part of his fellowship, Tom spent time at 50 licensed commercial growing operations in 10 different countries.

Tom has significant experience in horticulture and protected cropping, with specialist training in hydroponics and plant botany. He offers Puro an intimate knowledge and understanding of pharmaceutical standards required of cannabis agronomy. This, combined with his business and marketing qualifications and expertise, has seen Tom become a sought-after lecturer, speaker and advisor on sustainable and successful cannabis cultivation.

Tim Aldridge

Tim Aldridge
Managing Director

Tim has a background in finance and economics and worked in business consultancy before creating his first start-up success – Party Warehouse. From its beginnings in 2001 Tim grew the business to become the South Island’s largest marquee and event hire company. In 2010 Tim was a founding director of Team Event, a full-service event production company which owns and runs some of the best-known events and festivals in the South Island, including Electric Avenue, The Great Kiwi Beer Festival, Nostalgia and the South Island Wine and Food Festival.

HireKING was Tim’s next success, and in 2017 it was named as one of the top 50 fastest-growing companies in New Zealand. Tim sold out of his business interests in 2018 to help establish the medical cannabis industry in NZ and, alongside Tom and Sank, team Puro was formed.

Tim’s entrepreneurial thinking, strategic acumen, people skills, leadership and vision have helped position Puro at the forefront of the growing medical cannabis industry.

Sank Macfarlane

Sank Macfarlane
Executive Director

Sank has had a 14-year career in Institutional Banking. Cutting his teeth as a University Graduate, he rose to head Westpac’s Corporate and Institutional FX Sales team – a stellar career which provided him with an in-depth understanding of commercial banking, global markets, credit analysis, risk and sales.

His entrepreneurial spirit drove a lifestyle change for Sank and his family, heading back home to Kēkerengū on the Kaikōura Coast in 2014 where he and his wife purchased The Store restaurant/café and event venue. They have since developed an exceptional beachfront campground – a Kaikōura Coast icon.

Sank has been involved with Puro from day one, introducing the Macfarlane family farm and developing it into Puro’s premium outdoor growing site. The farm has a rich history having been farmed by the Macfarlane family for six generations.

 

Click here to view full details of Puro's Governance, Cultivation and Leadership team.

Read the Full IM Here

 

What we've done so far

Puro has laid an solid foundation for success since its establishment a little over two years ago. It is well-placed to take advantage of the rapidly growing cannabis industry.

Seedlings at Puro's Waihopai research facility

Seedlings at Puro's Waihopai research facility.

The money raised through Puro’s initial PledgeMe campaign enabled Puro to turn its potential into action.  Over the last two years Puro has started growing at its two sites, formed a talented team, secured key licences, developed a research programme and formed key research partnerships.  We have also invested in significant, long-term infrastructure and specialised equipment, culminating with the planting of New Zealand’s largest medical cannabis crop in the summer of 2020/21. 

Puro achievements to date

 

What's next?

While we are proud of Puro's achievements to date, we know the best is yet to come.

Through this opportunity, Puro aims to raise a maximum of $2 million through retail investors. This will be used to fund ongoing working capital including the development of Puro’s indoor breeding facility at Waihopai, near Blenheim. This facility, which will be established in an existing building, is designed to produce the highest quality cannabis flowers from Puro’s premium cultivars.  Puro is growing. This is your opportunity to grow with us.

Read the Full IM Here

 

Waihopai site model

The breeding facility will sit beside Puro’s existing research facility and play an important role in continuously improving its crop genetics, while also acting as a nursing facility for seed production and for stocking our commercial glasshouses following further expansion.  The completion of this facility is part of Puro's planned staged approach to development.  

Puro coming up

Puro has secured room to grow.  At our Kēkerengū outdoor cultivation site we have up to 80 hectares of flat land available to us.  We are currently growing under organic protocols and, with our organic certification pending, we are on track to be one of the few large scale producers of organic cannabis in the world.  This provides Puro with a unique proposition when exporting to global markets.

Puro Kēkerengū map

Read the Full IM Here

Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

Risks and Challenges

Puro is a start-up enterprise, working in a new-to-New Zealand industry sector and operating in an uncertain global business environment. While all new industries present challenges, Puro believes it has the right people and the right systems in place to navigate these uncertainties and continue to develop its commercial production.

Puro has a comprehensive risk management framework which enables the Board of Directors and management to regularly and systematically assess the likelihood of existing and potential risks occurring, the impact they may have and develop controls and mitigation strategies to protect the sustainability of the business.

Further commentary around the risks and challenges are available in the Information Memorandum.

Cultivation Manager Guy Randall with Puro's first seedlings.

Cultivation Manager Guy Randall with Puro's first seedlings.

 

Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

 

A note from PledgeMe

We have completed Veda checks on the company, Puro New Zealand Limited, and the nominee company, Puro Shareholding Limited, and their Directors, as well as Google checks. Articles were found relating to previous directors, and irregular behaviour by a non-related cannabis company. Puro directors are confident Puro has managed these issues appropriately. There were no other adverse findings.

Updates 7

Investment Waitlist

15/04/2021 at 1:39 PM

With our second PledgeMe raise now closed, we would like to thank everyone for their incredible support and kind messages over the past few weeks. 

If you are an investor and missed out on this opportunity, please head to our website www.puro.co.nz/invest as we are in the process of forming a waitlist.  We will keep in touch with any further or potential investment opportunities as the company expands.

Take care, much love

Puro Team.

Puro's Advsiors

14/04/2021 at 7:21 AM

 

We’ve had a question come to Puro directly about the role of our Strategic Advisory Group.  The people on this group are professional advisors to Puro, working with the wider team as well as meeting regularly with the Puro leadership team to discuss topics such as go-to-market strategies and regulatory compliance. The advisers do not generally have access to financial information, but they may do for specific issues.  Thanks, Tim & Sank

Share Trading questions

13/04/2021 at 11:25 AM

In response to recent questions on share trading, please note that PledgeMe is not able to facilitate share trades. Puro will enable share trading on the Orchestra platform next year.

Puro hits the big screen - watch our Seven Sharp debut here!

09/04/2021 at 3:10 PM

Thanks to the Seven Sharp team for so beautifully telling the Puro story and sharing our success, and those stunning images, with New Zealand! 

See behind the scenes at Puro's harvest...plus keep an eye on Seven Sharp tonight!

08/04/2021 at 11:19 AM

We’re delighted to share with you an update from Max and Winston in Kēkerengū, who chat here about the Puro harvest currently underway and how we are drying this beautiful top flower in our nearly 1,000 square metre specialised drying facility.

And to see more exclusive behind-the-scenes footage from New Zealand’s biggest medical cannabis harvest check out Seven Sharp tonight, 7 pm on TV One!

Don't miss Puro's Virtual Investor Roadshow

07/04/2021 at 9:54 AM

Chat to us LIVE - Monday 12 April, 5.15 pm

Join Puro’s Directors Tim & Sank and Cultivation Director Tom Forrest CF live from Victoria, Australia, as we answer all your questions about Puro's success to date, harvest, the future and the current capital raise.

Simply follow us on Facebook and then login at 5.15 pm on Monday 12th April.  Click here to see our Facebook event.  Post your questions in the comments and we'll get to them as soon as possible.

And please share this event - let your friends and family know and we'll see you all LIVE on Monday!

Join us for our Virtual Roadshow!

22/03/2021 at 1:35 PM

The Puro team are holding a Virtual Investor Roadshow where shareholders, or potential shareholders, can hear from us directly and ask us any questions they have about Puro, our progress to date and this capital raise.

This Virtual Roadshow being held on Thursday 25 March at 6 pm.  This will be a Facebook live event.

To join us for our Virtual Investor Roadshow please follow us on Facebook and then log in at 6 pm on Thursday 25 March.

We look forward to seeing you online!

 

    Details

    Offer Details

    Current Valuation 34,336,025
    Raise Minimum 100,000
    Raise Maximum 2,000,000
    Share Price 1.15
    Minimum Pledge 2,500.10
    Maximum Shares Offered 1,739,130
    Explanation of valuation:

    The pre-raise value of $34,336,025 is based on 29,857,413 shares currently on issue at $1.15 per share. This price compares to Puro’s previous raise in 2019 at $1.00 per share which was oversubscribed by both wholesale and retail investors.

    This valuation is an assessment of value by the Puro directors using their knowledge,
    experience and expertise. It is based on the considerable investments Puro has made to
    date into specialised equipment, long-term infrastructure, key staff recruitment and system
    development. The Puro directors believe this assessment represents fair value and is
    attractive both to new shareholders, some of whom missed out on the previous Puro capital
    raise, and existing shareholders who wish to increase their investment.

    Financial Information:
    The medical cannabis sector in which Puro operates in is a new industry and developing at a
    rapid pace. Puro is at the beginning of the value chain as a specialist grower. While interest
    in Puro’s products is strong, regulatory delays and wider impacts of COVID-19 are impacting
    the industry. This has led to delays and difficulties in predicting revenue streams. The fast-paced nature of this ne
    w industry, and fluidity around international market access, regulatory
    understanding and manufacturing, has resulted in the Puro board determining that, while
    they have financial information prepared for internal purposes and as an assessment of
    value, it is not prudent or practicable to formulate reasonable assumptions on which to base
    prospective financial information for investors.

    Historical financial information and an analysis of the global markets and key implications and opportunities for Puro is provided in the Information Memorandum.

    Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

    Financial Summary

    Prev Year Current Year Est. FY 2023 Est. FY 2024
    Revenue NZ $0 NZ $0 NZ $0 NZ $0
    Operating Expenses NZ $0 NZ $0 NZ $0 NZ $0
    EBITDA NZ $0 NZ $0 NZ $0 NZ $0
    Net Profit NZ $0 NZ $0 NZ $0 NZ $0

    Company Details

    Company Name: Puro New Zealand Limited

    Company Number: 7148653

    Company Documents

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

    Director Details

    Name Role Profile URL Invested?
    Tim Aldridge Managing Director https://www.linkedin.com/in/tim-aldridge-080586179/
    Sank Macfarlane Director https://www.linkedin.com/in/sank-macfarlane-14747674/

    Questions 21

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


    Can I speak to the Puro team prior to making an investment?

    Posted on 22-03-2021 by Tim Aldridge

    Hi Everyone - we are having a Virtual Investor Roadshow on Thursday 25 March at 6 pm. This will be run via a Facebook live event - please log in to our Facebook page and take part. If you miss this event please contact us directly via our website with any questions or comments.

    Answered on 24-03-2021 by Tim Aldridge


    Why is there not a $500 pledge option like last time?

    Posted on 23-03-2021 by Jacob Boyes

    Hi Jacob. The majority of our shareholder investment into the company to date has been at or above $2,500 and the directors felt $2,500 was a suitable minimum given the size of the company and achievements to date. Thanks for your question.

    Answered on 23-03-2021 by Tim Aldridge


    RE Jacob Boyes comment. I agree with him. Looks like you have forgotten the smaller investors who helped you get started. Maybe a $1000 lower limit may have been the go.

    Posted on 24-03-2021 by Geoff Hawke

    Hi Geoff. It is always difficult to set investment thresholds and we do appreciate your feedback - thank you. As per above, the directors felt $2,500 was a suitable minimum given the progress and position Puro is in today, with facilities built and our commercial harvest due to commence next week. We do value our smaller investors immensely. In setting the minimum investment level for this offer we reviewed our current shareholding levels and found the majority of our shareholders sit above that $2,500 investment level, which also gave the directors confidence that this threshold is at the right level for the business today. Thanks, Tim

    Answered on 25-03-2021 by Tim Aldridge


    I pledge an amount for the first crowd funded raiser. When will this $$ amount be changed into the share allocation?

    Posted on 24-03-2021 by Di Schulz

    Hi Di, thank you for your question. Grace has responded to you directly via email.
    Regards, Tim

    Answered on 25-03-2021 by Tim Aldridge


    Was prepared to also put on much the same as last time. Why has this come about. Not everybody can afford the minimum. And what has happened to the amount we have already invested. Interested to hear. Regards Jan

    Posted on 25-03-2021 by Janive Harrison

    Hi Jan. Thanks for your question. The minimum investment threshold has increased for this offer and the directors believe this is suitable given the progress and position Puro is in today. The funds invested previously have been use to build out the infrastructure and equipment required to undertake NZ’s biggest cannabis farm. We outline this further on page 20 of the Information Memorandum. Thanks, Tim

    Answered on 26-03-2021 by Tim Aldridge


    When does our initial amount get changed to share allocations please.thank you

    Posted on 26-03-2021 by Janive Harrison

    Hi. The shares were issued immediately following the last campaign. We use an online platform called Orchestra to manage our share register. All shareholders have been invited to join Orchestra so they can view their shareholding and see other relevant company information. We will follow up with you directly. Thanks, Tim

    Answered on 26-03-2021 by Tim Aldridge


    Part of package on first equity raise was a tour of the facilities. I neva received my invite for tour. What happened?

    Posted on 26-03-2021 by Tafara Ruvando

    Hi Tafara, we invited all eligible shareholders to tour the Kēkerengū facility earlier this month as part of our Shareholder Roadshows. Please login to Orchestra and check that we have your contact details correct. We will follow up with you directly on Monday - thanks, Tim

    Answered on 27-03-2021 by Tim Aldridge


    Are you able to give more specifics on how the cash will be used? In the prospectus it sounds like you will mainly be investing in capital, however, there is only $800k cash on hand and you have forecast no revenue for the next 2 years. With about $600k in payables and having burnt through $1 million cash last year seems like a lot of it will just be used to keep the lights on. Do you also expect to be doing further capital raises to sure up your cash position in the near future?

    Posted on 30-03-2021 by Jacob Boyes

    The new capital introduced by this raise will be used to develop our indoor breeding facility at Waihopai Valley and for working capital. We also have a subsequent wholesale raise which will primarily be used to fund the first commercial glasshouse. There are no further capital raises planned at this stage. The directors have managed Puro’s investments carefully and strategically, with the funds invested to date enabling the construction of significant infrastructure, importation of seed genetics and the planting of NZ’s first large-scale medical cannabis crop. Please refer to the Information Memorandum regarding commentary on forecasts, which have been prepared for internal purposes. Thanks Tim

    Answered on 30-03-2021 by Tim Aldridge


    I assume the $2 Million of biological assets is cannabis. Just wondering how you have valued these assets and if you are expecting revenue of $2M from the sale of these assets over the next 12 months? (Your reveue forecast currently shows $0 for the next 2 years).

    Posted on 30-03-2021 by Jacob Boyes

    Yes, the Biological Assets consist of the cannabis plants still in the ground at 31 December 2020. The relevant principles of International Accounting Standards (IAS 41 — Agriculture) have been applied in determining the value shown – and that is to measure the assets at fair value, less estimated costs to sell. Our forecasts, including revenues, have been prepared for internal purposes. Please refer to the Information Memorandum for commentary explaining why it is not prudent to provide these to investors as part of this offer. Regards, Tim

    Answered on 30-03-2021 by Tim Aldridge


    Where can i find the Declaration of Trust? The link provided in the IM does not work.
    http://pldg.me/puro2021

    Thanks

    Posted on 08-04-2021 by J Kerry

    You can find the Deed of Trust on the 'Details' tab, under the Company Documents.
    Thanks, Tim

    Answered on 08-04-2021 by Tim Aldridge


    How can you value 10 Hectares at $2,000,000. At 3500 pounds a hectare, that seems to equate to 57$ a pound. Can you please justify this price? US hemp prices right now are at $5 a pound max.

    Posted on 10-04-2021 by Reid Stewart

    Thanks for your question. While you are correct, 2020 pricing has hemp CBD ‘biomass' varying from $7USD to $40USD per pound, and CBG Biomass averaging $61USD per pound; our product is not biomass (low potency).

    Puro has the ability to produce large volumes of slow-dried, high potency top flower. Global marketplaces out the average price of high potency CBD and CBG flower around $US160 per pound. Our forecasting and projections for the next 5+ years have been erring on the side of caution.

    We also foresee the marketplace paying by the price of API (price per milligram of CBD for example) - so we are confident that with correct cultivar selection, and our premium growing environment and organic methodologies - we will be able to command a suitable price for Puro flower.

    Answered on 12-04-2021 by Tim Aldridge


    Hi, I have 5000 shares from the last investment round that I am quite keen to sell (for personal reasons). If there is the opportunity to sell these during this campaign (maybe in smaller tranches to anyone that can't afford the 2500 minimum specified in this offer? Or if over-subscribed for example??) Then I would be very keen to do this. Please advise if this is an option at all. I appreciate any assistance.

    Posted on 11-04-2021 by James Cameron

    Thanks for your message. We will enable share trading on the Orchestra platform next year. In the meantime, if you know a buyer we can assist you with a private trade. Please get in touch with us directly and we can help with that and speak to you about the process.

    Answered on 12-04-2021 by Tim Aldridge


    Can I buy medicinal cannabis from you?

    Posted on 12-04-2021 by Tim Aldridge

    No, under the Medicinal Cannabis Scheme we are not able to sell cannabis directly to consumers.
    To find out more about accessing medicinal cannabis products visit the Medicinal Cannabis Agency website - a direct link to consumer information is below:
    https://www.health.govt.nz/our-work/regulation-health-and-disability-system/medicinal-cannabis-agency/medicinal-cannabis-agency-information-consumers

    Answered on 12-04-2021 by Tim Aldridge


    Hello Tim! I'm interested to buy 1,000 shares from James Cameron. I have an existing 2,500 shares in Puro. Thanks!

    Posted on 12-04-2021 by Jason Alipao

    Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

    Answered on 13-04-2021 by Tim Aldridge


    Kia ora Tim

    Yes i’m keen to buy 1000 shares from James Cameron?

    Please assist in process

    Posted on 12-04-2021 by Rionn

    Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

    Answered on 13-04-2021 by Tim Aldridge


    Hello Puro team! I am really keen on investing. However, I'm Australian. Can I invest? Thanks!

    Posted on 12-04-2021 by John Mitchell

    You can invest in Puro if you live in Australia if you qualify as a Wholesale Investor. Please email [email protected] and we can send you information on the requirements for a Wholesale Investor and assist you with this process.

    Answered on 13-04-2021 by Tim Aldridge


    Hi James Cameron I'd be interested in purchasing a small amount of shares.

    Posted on 13-04-2021 by Stacey Anderson

    Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

    Answered on 13-04-2021 by Tim Aldridge


    I have 500 shares that I am keen to sell. Could sell for $575 ($1.15 per share) if anyone is keen?

    Posted on 13-04-2021 by Jacob Boyes

    Hi Jacob. PledgeMe is not able to facilitate share trades. Puro will enable share trading on the Orchestra platform next year. Thanks, the Puro team.

    Answered on 13-04-2021 by Tim Aldridge


    I was on a wait list as an investor who missed out last time but didn't get any update that this offer was live. "This private capital raise is for our shareholders and registered investors only. This is your chance to own a stake in Puro." Is there a seperate offer for existing and waitlist investors or is this offer on pledgeme the same thing?

    Posted on 14-04-2021 by Rob Thomson

    Hi Rob, please let me apologise. It appears your email was not included in our earlier announcements to waitlist investors, sorry about that. I will email you now with my phone number if you wish to give me a call. Thanks and sorry about that, Tim.

    Answered on 14-04-2021 by Tim Aldridge


    Hi Tim - exciting to see your offer be so well supported. II would like to invest, but is it too late? I went through pledge process only to realise at the end that there is no more shares to allocate. Justin

    Posted on 15-04-2021 by Justin Strang

    Hi Justin. Thank you, we are very fortunate to have such incredible support from our shareholders and investment community. The offer is now full, however PledgeMe will commence a validation process to ensure every investor meets AML and NZ residency compliance. If an investor is deemed ineligible for any reason, we will look to withdraw their pledge and replace from a waitlist, which is to be formed shortly. Please keep an eye out on our website to register your interest at www.puro.co.nz/invest (this page will be updated shortly).
    Regards, Tim

    Answered on 15-04-2021 by Tim Aldridge


    Hi I pledged for this round and am wondering when we get notified to pay?? I thought it was on the 14th of April but nothing has been deducted. I would hate to miss out, in fact I would be right pissed off to be honest.

    Posted on 21-04-2021 by Pey-Lyn Laulua

    Hi Pey-Lyn. You should have received an email from PledgeMe regarding payment and next steps, it is possible your spam/junk filters may have intercept or we have an incorrect email address. Can you please email PledgeMe ([email protected]) confirming your email and they will resend the information to you. You wont miss out ! Thanks, Tim

    Answered on 22-04-2021 by Tim Aldridge

    Pledgers 305

    Dave McKee
    2021-03-25 16:19:35 +1300
    Matthew Barnfield
    2021-03-25 16:10:15 +1300
    Sharon Hill
    2021-03-25 16:00:33 +1300
    Jason Henry
    2021-03-25 15:55:32 +1300
    Ian Robertson
    2021-03-25 15:53:23 +1300
    Jamie Ryan
    2021-03-25 15:43:40 +1300
    Adele McMahon
    2021-03-25 15:40:56 +1300

    "fingers crossed"

    Roger Pink
    2021-03-25 15:07:17 +1300
    Judy Bowden
    2021-03-25 14:54:49 +1300
    Jeffrey Douglas ROBERTSON
    2021-03-25 14:42:49 +1300
    Jamie Carey
    2021-03-25 14:21:21 +1300
    Dylan Pauley
    2021-03-25 14:17:41 +1300
    Linley Wetton
    2021-03-25 14:17:18 +1300
    sheryl alty
    2021-03-25 14:11:39 +1300
    Kate Marshall
    2021-03-25 13:55:13 +1300
    Carol Shelling
    2021-03-25 13:48:00 +1300
    Dawnielle
    2021-03-25 13:19:50 +1300
    Janna Richards
    2021-03-25 13:18:46 +1300
    Craig Chapman
    2021-03-25 13:16:09 +1300
    zane hagaman
    2021-03-25 12:56:49 +1300
    James Letts
    2021-03-25 12:54:47 +1300
    Pey-Lyn Laulua
    2021-03-25 12:47:16 +1300

    "We are looking forward to a fruitful future with you!"

    Adam
    2021-03-25 12:44:11 +1300
    Claudia Neher
    2021-03-25 12:42:58 +1300
    A Rinaldo
    2021-03-25 12:39:39 +1300
    Katrina sayers
    2021-03-25 12:33:12 +1300
    Cullyn
    2021-03-25 12:20:16 +1300
    Wayne Hibbs
    2021-03-25 12:19:48 +1300
    Lisa Robinson
    2021-03-25 12:17:32 +1300
    CAROLINE & JOHN BENNETT
    2021-03-25 12:13:40 +1300

    "We've already invested in the 1st stage - it's great to be able to continue investing in the 2nd! It will be great to see where this continues to go. Cheers, Caroline & John."

    Followers 16

    Puro New Zealand

    Puro is New Zealand's largest cultivator of premium medical cannabis, dedicated to growing sustainably and organically at two sites in Marlborough.  We are one of the first companies in New Zealand to commercially grow low-THC and high-CBD medical cannabis, which we will sell to domestic and international manufacturers and wholesalers.

    With the licences we need, plants in the ground, the first harvest about start and the space to expand – Puro is growing.  Our organic accredition is also underway, which will provide a unique selling proposition for Puro locally and globally.

    Read the Full IM Here

    Site Manager Winston Macfarlane at the Winterhome Farm at Kēkerengū. Mr Macfarlane’s family have farmed at Winterhome, on the Kaikōura coast, for more than 130 years.

    In December 2020 Puro planted 10 hectares of medical cannabis at Kēkerengū on the Kaikoura Coast, where we also constructed the country’s largest medical cannabis drying facility. The seeds have been sourced from Australia, Europe and North America, and consist of six carefully selected cultivars, handpicked for their high levels of CBD and CBG, and low levels of THC.

    Our first commercial cannabis harvest is taking place in March and April 2021.

    Planting at Kēkerengū, December 2020

    Planting at Kēkerengū, December 2020, with Puro's specialised cannabis transplanter.

    In Waihopai, Blenheim, our research facility is operational with high-THC plants growing.

    With an internationally-experienced agronomy team, global experts on medical cannabis by our side and a cultivation programme driven by comprehensive research and world-leading technology, Puro offers an exciting opportunity to invest at the forefront of this new global industry.

    Waihopai Research Facility

    Puro's research facility, Waihopai.

     

    About our Team

    Puro has the team to grow.

    Puro has built a strong team with diverse backgrounds and experience. Each member possesses unique and valuable skillsets.

    Our on-the-ground team works alongside key strategic partners and leading international cannabis cultivation experts and researchers – bright minds from New Zealand and the world investing their knowledge and experience right here, with Puro.

    Tom Forrest

    Tom Forrest CF BA DipBus
    Cultivation Director and Strategic Advisory Group Member

    Tom provides guidance to the Board on business strategy, risk mitigation and oversees the cultivation and breeding programme for Puro.

    A global leader in the cannabis industry, Tom is a Churchill Fellow for Cannabis Agronomy and publisher of a White Paper for the Australian industry on cannabis botany, global industry and cultivation. As part of his fellowship, Tom spent time at 50 licensed commercial growing operations in 10 different countries.

    Tom has significant experience in horticulture and protected cropping, with specialist training in hydroponics and plant botany. He offers Puro an intimate knowledge and understanding of pharmaceutical standards required of cannabis agronomy. This, combined with his business and marketing qualifications and expertise, has seen Tom become a sought-after lecturer, speaker and advisor on sustainable and successful cannabis cultivation.

    Tim Aldridge

    Tim Aldridge
    Managing Director

    Tim has a background in finance and economics and worked in business consultancy before creating his first start-up success – Party Warehouse. From its beginnings in 2001 Tim grew the business to become the South Island’s largest marquee and event hire company. In 2010 Tim was a founding director of Team Event, a full-service event production company which owns and runs some of the best-known events and festivals in the South Island, including Electric Avenue, The Great Kiwi Beer Festival, Nostalgia and the South Island Wine and Food Festival.

    HireKING was Tim’s next success, and in 2017 it was named as one of the top 50 fastest-growing companies in New Zealand. Tim sold out of his business interests in 2018 to help establish the medical cannabis industry in NZ and, alongside Tom and Sank, team Puro was formed.

    Tim’s entrepreneurial thinking, strategic acumen, people skills, leadership and vision have helped position Puro at the forefront of the growing medical cannabis industry.

    Sank Macfarlane

    Sank Macfarlane
    Executive Director

    Sank has had a 14-year career in Institutional Banking. Cutting his teeth as a University Graduate, he rose to head Westpac’s Corporate and Institutional FX Sales team – a stellar career which provided him with an in-depth understanding of commercial banking, global markets, credit analysis, risk and sales.

    His entrepreneurial spirit drove a lifestyle change for Sank and his family, heading back home to Kēkerengū on the Kaikōura Coast in 2014 where he and his wife purchased The Store restaurant/café and event venue. They have since developed an exceptional beachfront campground – a Kaikōura Coast icon.

    Sank has been involved with Puro from day one, introducing the Macfarlane family farm and developing it into Puro’s premium outdoor growing site. The farm has a rich history having been farmed by the Macfarlane family for six generations.

     

    Click here to view full details of Puro's Governance, Cultivation and Leadership team.

    Read the Full IM Here

     

    What we've done so far

    Puro has laid an solid foundation for success since its establishment a little over two years ago. It is well-placed to take advantage of the rapidly growing cannabis industry.

    Seedlings at Puro's Waihopai research facility

    Seedlings at Puro's Waihopai research facility.

    The money raised through Puro’s initial PledgeMe campaign enabled Puro to turn its potential into action.  Over the last two years Puro has started growing at its two sites, formed a talented team, secured key licences, developed a research programme and formed key research partnerships.  We have also invested in significant, long-term infrastructure and specialised equipment, culminating with the planting of New Zealand’s largest medical cannabis crop in the summer of 2020/21. 

    Puro achievements to date

     

    What's next?

    While we are proud of Puro's achievements to date, we know the best is yet to come.

    Through this opportunity, Puro aims to raise a maximum of $2 million through retail investors. This will be used to fund ongoing working capital including the development of Puro’s indoor breeding facility at Waihopai, near Blenheim. This facility, which will be established in an existing building, is designed to produce the highest quality cannabis flowers from Puro’s premium cultivars.  Puro is growing. This is your opportunity to grow with us.

    Read the Full IM Here

     

    Waihopai site model

    The breeding facility will sit beside Puro’s existing research facility and play an important role in continuously improving its crop genetics, while also acting as a nursing facility for seed production and for stocking our commercial glasshouses following further expansion.  The completion of this facility is part of Puro's planned staged approach to development.  

    Puro coming up

    Puro has secured room to grow.  At our Kēkerengū outdoor cultivation site we have up to 80 hectares of flat land available to us.  We are currently growing under organic protocols and, with our organic certification pending, we are on track to be one of the few large scale producers of organic cannabis in the world.  This provides Puro with a unique proposition when exporting to global markets.

    Puro Kēkerengū map

    Read the Full IM Here

    Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

    Risks and Challenges

    Puro is a start-up enterprise, working in a new-to-New Zealand industry sector and operating in an uncertain global business environment. While all new industries present challenges, Puro believes it has the right people and the right systems in place to navigate these uncertainties and continue to develop its commercial production.

    Puro has a comprehensive risk management framework which enables the Board of Directors and management to regularly and systematically assess the likelihood of existing and potential risks occurring, the impact they may have and develop controls and mitigation strategies to protect the sustainability of the business.

    Further commentary around the risks and challenges are available in the Information Memorandum.

    Cultivation Manager Guy Randall with Puro's first seedlings.

    Cultivation Manager Guy Randall with Puro's first seedlings.

     

    Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

     

    A note from PledgeMe

    We have completed Veda checks on the company, Puro New Zealand Limited, and the nominee company, Puro Shareholding Limited, and their Directors, as well as Google checks. Articles were found relating to previous directors, and irregular behaviour by a non-related cannabis company. Puro directors are confident Puro has managed these issues appropriately. There were no other adverse findings.

    Investment Waitlist

    15/04/2021 at 1:39 PM

    With our second PledgeMe raise now closed, we would like to thank everyone for their incredible support and kind messages over the past few weeks. 

    If you are an investor and missed out on this opportunity, please head to our website www.puro.co.nz/invest as we are in the process of forming a waitlist.  We will keep in touch with any further or potential investment opportunities as the company expands.

    Take care, much love

    Puro Team.

    Puro's Advsiors

    14/04/2021 at 7:21 AM

     

    We’ve had a question come to Puro directly about the role of our Strategic Advisory Group.  The people on this group are professional advisors to Puro, working with the wider team as well as meeting regularly with the Puro leadership team to discuss topics such as go-to-market strategies and regulatory compliance. The advisers do not generally have access to financial information, but they may do for specific issues.  Thanks, Tim & Sank

    Share Trading questions

    13/04/2021 at 11:25 AM

    In response to recent questions on share trading, please note that PledgeMe is not able to facilitate share trades. Puro will enable share trading on the Orchestra platform next year.

    Puro hits the big screen - watch our Seven Sharp debut here!

    09/04/2021 at 3:10 PM

    Thanks to the Seven Sharp team for so beautifully telling the Puro story and sharing our success, and those stunning images, with New Zealand! 

    See behind the scenes at Puro's harvest...plus keep an eye on Seven Sharp tonight!

    08/04/2021 at 11:19 AM

    We’re delighted to share with you an update from Max and Winston in Kēkerengū, who chat here about the Puro harvest currently underway and how we are drying this beautiful top flower in our nearly 1,000 square metre specialised drying facility.

    And to see more exclusive behind-the-scenes footage from New Zealand’s biggest medical cannabis harvest check out Seven Sharp tonight, 7 pm on TV One!

    Don't miss Puro's Virtual Investor Roadshow

    07/04/2021 at 9:54 AM

    Chat to us LIVE - Monday 12 April, 5.15 pm

    Join Puro’s Directors Tim & Sank and Cultivation Director Tom Forrest CF live from Victoria, Australia, as we answer all your questions about Puro's success to date, harvest, the future and the current capital raise.

    Simply follow us on Facebook and then login at 5.15 pm on Monday 12th April.  Click here to see our Facebook event.  Post your questions in the comments and we'll get to them as soon as possible.

    And please share this event - let your friends and family know and we'll see you all LIVE on Monday!

    Join us for our Virtual Roadshow!

    22/03/2021 at 1:35 PM

    The Puro team are holding a Virtual Investor Roadshow where shareholders, or potential shareholders, can hear from us directly and ask us any questions they have about Puro, our progress to date and this capital raise.

    This Virtual Roadshow being held on Thursday 25 March at 6 pm.  This will be a Facebook live event.

    To join us for our Virtual Investor Roadshow please follow us on Facebook and then log in at 6 pm on Thursday 25 March.

    We look forward to seeing you online!

     

      Offer Details

      Current Valuation 34,336,025
      Raise Minimum 100,000
      Raise Maximum 2,000,000
      Share Price 1.15
      Minimum Pledge 2,500.10
      Maximum Shares Offered 1,739,130
      Explanation of valuation:

      The pre-raise value of $34,336,025 is based on 29,857,413 shares currently on issue at $1.15 per share. This price compares to Puro’s previous raise in 2019 at $1.00 per share which was oversubscribed by both wholesale and retail investors.

      This valuation is an assessment of value by the Puro directors using their knowledge,
      experience and expertise. It is based on the considerable investments Puro has made to
      date into specialised equipment, long-term infrastructure, key staff recruitment and system
      development. The Puro directors believe this assessment represents fair value and is
      attractive both to new shareholders, some of whom missed out on the previous Puro capital
      raise, and existing shareholders who wish to increase their investment.

      Financial Information:
      The medical cannabis sector in which Puro operates in is a new industry and developing at a
      rapid pace. Puro is at the beginning of the value chain as a specialist grower. While interest
      in Puro’s products is strong, regulatory delays and wider impacts of COVID-19 are impacting
      the industry. This has led to delays and difficulties in predicting revenue streams. The fast-paced nature of this ne
      w industry, and fluidity around international market access, regulatory
      understanding and manufacturing, has resulted in the Puro board determining that, while
      they have financial information prepared for internal purposes and as an assessment of
      value, it is not prudent or practicable to formulate reasonable assumptions on which to base
      prospective financial information for investors.

      Historical financial information and an analysis of the global markets and key implications and opportunities for Puro is provided in the Information Memorandum.

      Please note: We are only issuing whole shares. As the share price is $1.15, your desired pledge amount will be rounded up or down to the closest number of whole shares. For example, the minimum pledge possible is actually $2,500.10 if rounded to the closest number of whole shares.

      Financial Summary

      Prev Year Current Year Est. FY 2023 Est. FY 2024
      Revenue NZ $0 NZ $0 NZ $0 NZ $0
      Operating Expenses NZ $0 NZ $0 NZ $0 NZ $0
      EBITDA NZ $0 NZ $0 NZ $0 NZ $0
      Net Profit NZ $0 NZ $0 NZ $0 NZ $0

      Company Details

      Company Name: Puro New Zealand Limited

      Company Number: 7148653

      Company Documents

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

      Director Details

      Name Role Profile URL Invested?
      Tim Aldridge Managing Director https://www.linkedin.com/in/tim-aldridge-080586179/
      Sank Macfarlane Director https://www.linkedin.com/in/sank-macfarlane-14747674/

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


      Can I speak to the Puro team prior to making an investment?

      Posted on 22-03-2021 by Tim Aldridge

      Hi Everyone - we are having a Virtual Investor Roadshow on Thursday 25 March at 6 pm. This will be run via a Facebook live event - please log in to our Facebook page and take part. If you miss this event please contact us directly via our website with any questions or comments.

      Answered on 24-03-2021 by Tim Aldridge


      Why is there not a $500 pledge option like last time?

      Posted on 23-03-2021 by Jacob Boyes

      Hi Jacob. The majority of our shareholder investment into the company to date has been at or above $2,500 and the directors felt $2,500 was a suitable minimum given the size of the company and achievements to date. Thanks for your question.

      Answered on 23-03-2021 by Tim Aldridge


      RE Jacob Boyes comment. I agree with him. Looks like you have forgotten the smaller investors who helped you get started. Maybe a $1000 lower limit may have been the go.

      Posted on 24-03-2021 by Geoff Hawke

      Hi Geoff. It is always difficult to set investment thresholds and we do appreciate your feedback - thank you. As per above, the directors felt $2,500 was a suitable minimum given the progress and position Puro is in today, with facilities built and our commercial harvest due to commence next week. We do value our smaller investors immensely. In setting the minimum investment level for this offer we reviewed our current shareholding levels and found the majority of our shareholders sit above that $2,500 investment level, which also gave the directors confidence that this threshold is at the right level for the business today. Thanks, Tim

      Answered on 25-03-2021 by Tim Aldridge


      I pledge an amount for the first crowd funded raiser. When will this $$ amount be changed into the share allocation?

      Posted on 24-03-2021 by Di Schulz

      Hi Di, thank you for your question. Grace has responded to you directly via email.
      Regards, Tim

      Answered on 25-03-2021 by Tim Aldridge


      Was prepared to also put on much the same as last time. Why has this come about. Not everybody can afford the minimum. And what has happened to the amount we have already invested. Interested to hear. Regards Jan

      Posted on 25-03-2021 by Janive Harrison

      Hi Jan. Thanks for your question. The minimum investment threshold has increased for this offer and the directors believe this is suitable given the progress and position Puro is in today. The funds invested previously have been use to build out the infrastructure and equipment required to undertake NZ’s biggest cannabis farm. We outline this further on page 20 of the Information Memorandum. Thanks, Tim

      Answered on 26-03-2021 by Tim Aldridge


      When does our initial amount get changed to share allocations please.thank you

      Posted on 26-03-2021 by Janive Harrison

      Hi. The shares were issued immediately following the last campaign. We use an online platform called Orchestra to manage our share register. All shareholders have been invited to join Orchestra so they can view their shareholding and see other relevant company information. We will follow up with you directly. Thanks, Tim

      Answered on 26-03-2021 by Tim Aldridge


      Part of package on first equity raise was a tour of the facilities. I neva received my invite for tour. What happened?

      Posted on 26-03-2021 by Tafara Ruvando

      Hi Tafara, we invited all eligible shareholders to tour the Kēkerengū facility earlier this month as part of our Shareholder Roadshows. Please login to Orchestra and check that we have your contact details correct. We will follow up with you directly on Monday - thanks, Tim

      Answered on 27-03-2021 by Tim Aldridge


      Are you able to give more specifics on how the cash will be used? In the prospectus it sounds like you will mainly be investing in capital, however, there is only $800k cash on hand and you have forecast no revenue for the next 2 years. With about $600k in payables and having burnt through $1 million cash last year seems like a lot of it will just be used to keep the lights on. Do you also expect to be doing further capital raises to sure up your cash position in the near future?

      Posted on 30-03-2021 by Jacob Boyes

      The new capital introduced by this raise will be used to develop our indoor breeding facility at Waihopai Valley and for working capital. We also have a subsequent wholesale raise which will primarily be used to fund the first commercial glasshouse. There are no further capital raises planned at this stage. The directors have managed Puro’s investments carefully and strategically, with the funds invested to date enabling the construction of significant infrastructure, importation of seed genetics and the planting of NZ’s first large-scale medical cannabis crop. Please refer to the Information Memorandum regarding commentary on forecasts, which have been prepared for internal purposes. Thanks Tim

      Answered on 30-03-2021 by Tim Aldridge


      I assume the $2 Million of biological assets is cannabis. Just wondering how you have valued these assets and if you are expecting revenue of $2M from the sale of these assets over the next 12 months? (Your reveue forecast currently shows $0 for the next 2 years).

      Posted on 30-03-2021 by Jacob Boyes

      Yes, the Biological Assets consist of the cannabis plants still in the ground at 31 December 2020. The relevant principles of International Accounting Standards (IAS 41 — Agriculture) have been applied in determining the value shown – and that is to measure the assets at fair value, less estimated costs to sell. Our forecasts, including revenues, have been prepared for internal purposes. Please refer to the Information Memorandum for commentary explaining why it is not prudent to provide these to investors as part of this offer. Regards, Tim

      Answered on 30-03-2021 by Tim Aldridge


      Where can i find the Declaration of Trust? The link provided in the IM does not work.
      http://pldg.me/puro2021

      Thanks

      Posted on 08-04-2021 by J Kerry

      You can find the Deed of Trust on the 'Details' tab, under the Company Documents.
      Thanks, Tim

      Answered on 08-04-2021 by Tim Aldridge


      How can you value 10 Hectares at $2,000,000. At 3500 pounds a hectare, that seems to equate to 57$ a pound. Can you please justify this price? US hemp prices right now are at $5 a pound max.

      Posted on 10-04-2021 by Reid Stewart

      Thanks for your question. While you are correct, 2020 pricing has hemp CBD ‘biomass' varying from $7USD to $40USD per pound, and CBG Biomass averaging $61USD per pound; our product is not biomass (low potency).

      Puro has the ability to produce large volumes of slow-dried, high potency top flower. Global marketplaces out the average price of high potency CBD and CBG flower around $US160 per pound. Our forecasting and projections for the next 5+ years have been erring on the side of caution.

      We also foresee the marketplace paying by the price of API (price per milligram of CBD for example) - so we are confident that with correct cultivar selection, and our premium growing environment and organic methodologies - we will be able to command a suitable price for Puro flower.

      Answered on 12-04-2021 by Tim Aldridge


      Hi, I have 5000 shares from the last investment round that I am quite keen to sell (for personal reasons). If there is the opportunity to sell these during this campaign (maybe in smaller tranches to anyone that can't afford the 2500 minimum specified in this offer? Or if over-subscribed for example??) Then I would be very keen to do this. Please advise if this is an option at all. I appreciate any assistance.

      Posted on 11-04-2021 by James Cameron

      Thanks for your message. We will enable share trading on the Orchestra platform next year. In the meantime, if you know a buyer we can assist you with a private trade. Please get in touch with us directly and we can help with that and speak to you about the process.

      Answered on 12-04-2021 by Tim Aldridge


      Can I buy medicinal cannabis from you?

      Posted on 12-04-2021 by Tim Aldridge

      No, under the Medicinal Cannabis Scheme we are not able to sell cannabis directly to consumers.
      To find out more about accessing medicinal cannabis products visit the Medicinal Cannabis Agency website - a direct link to consumer information is below:
      https://www.health.govt.nz/our-work/regulation-health-and-disability-system/medicinal-cannabis-agency/medicinal-cannabis-agency-information-consumers

      Answered on 12-04-2021 by Tim Aldridge


      Hello Tim! I'm interested to buy 1,000 shares from James Cameron. I have an existing 2,500 shares in Puro. Thanks!

      Posted on 12-04-2021 by Jason Alipao

      Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

      Answered on 13-04-2021 by Tim Aldridge


      Kia ora Tim

      Yes i’m keen to buy 1000 shares from James Cameron?

      Please assist in process

      Posted on 12-04-2021 by Rionn

      Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

      Answered on 13-04-2021 by Tim Aldridge


      Hello Puro team! I am really keen on investing. However, I'm Australian. Can I invest? Thanks!

      Posted on 12-04-2021 by John Mitchell

      You can invest in Puro if you live in Australia if you qualify as a Wholesale Investor. Please email [email protected] and we can send you information on the requirements for a Wholesale Investor and assist you with this process.

      Answered on 13-04-2021 by Tim Aldridge


      Hi James Cameron I'd be interested in purchasing a small amount of shares.

      Posted on 13-04-2021 by Stacey Anderson

      Thanks for your message. We will be in touch with James over the next few days to ascertain his requirements, and will contact you from there. Many thanks, Puro

      Answered on 13-04-2021 by Tim Aldridge


      I have 500 shares that I am keen to sell. Could sell for $575 ($1.15 per share) if anyone is keen?

      Posted on 13-04-2021 by Jacob Boyes

      Hi Jacob. PledgeMe is not able to facilitate share trades. Puro will enable share trading on the Orchestra platform next year. Thanks, the Puro team.

      Answered on 13-04-2021 by Tim Aldridge


      I was on a wait list as an investor who missed out last time but didn't get any update that this offer was live. "This private capital raise is for our shareholders and registered investors only. This is your chance to own a stake in Puro." Is there a seperate offer for existing and waitlist investors or is this offer on pledgeme the same thing?

      Posted on 14-04-2021 by Rob Thomson

      Hi Rob, please let me apologise. It appears your email was not included in our earlier announcements to waitlist investors, sorry about that. I will email you now with my phone number if you wish to give me a call. Thanks and sorry about that, Tim.

      Answered on 14-04-2021 by Tim Aldridge


      Hi Tim - exciting to see your offer be so well supported. II would like to invest, but is it too late? I went through pledge process only to realise at the end that there is no more shares to allocate. Justin

      Posted on 15-04-2021 by Justin Strang

      Hi Justin. Thank you, we are very fortunate to have such incredible support from our shareholders and investment community. The offer is now full, however PledgeMe will commence a validation process to ensure every investor meets AML and NZ residency compliance. If an investor is deemed ineligible for any reason, we will look to withdraw their pledge and replace from a waitlist, which is to be formed shortly. Please keep an eye out on our website to register your interest at www.puro.co.nz/invest (this page will be updated shortly).
      Regards, Tim

      Answered on 15-04-2021 by Tim Aldridge


      Hi I pledged for this round and am wondering when we get notified to pay?? I thought it was on the 14th of April but nothing has been deducted. I would hate to miss out, in fact I would be right pissed off to be honest.

      Posted on 21-04-2021 by Pey-Lyn Laulua

      Hi Pey-Lyn. You should have received an email from PledgeMe regarding payment and next steps, it is possible your spam/junk filters may have intercept or we have an incorrect email address. Can you please email PledgeMe ([email protected]) confirming your email and they will resend the information to you. You wont miss out ! Thanks, Tim

      Answered on 22-04-2021 by Tim Aldridge

      Dave McKee
      2021-03-25 16:19:35 +1300
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      2021-03-25 16:10:15 +1300
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      2021-03-25 16:00:33 +1300
      Jason Henry
      2021-03-25 15:55:32 +1300
      Ian Robertson
      2021-03-25 15:53:23 +1300
      Jamie Ryan
      2021-03-25 15:43:40 +1300
      Adele McMahon
      2021-03-25 15:40:56 +1300

      "fingers crossed"

      Roger Pink
      2021-03-25 15:07:17 +1300
      Judy Bowden
      2021-03-25 14:54:49 +1300
      Jeffrey Douglas ROBERTSON
      2021-03-25 14:42:49 +1300
      Jamie Carey
      2021-03-25 14:21:21 +1300
      Dylan Pauley
      2021-03-25 14:17:41 +1300
      Linley Wetton
      2021-03-25 14:17:18 +1300
      sheryl alty
      2021-03-25 14:11:39 +1300
      Kate Marshall
      2021-03-25 13:55:13 +1300
      Carol Shelling
      2021-03-25 13:48:00 +1300
      Dawnielle
      2021-03-25 13:19:50 +1300
      Janna Richards
      2021-03-25 13:18:46 +1300
      Craig Chapman
      2021-03-25 13:16:09 +1300
      zane hagaman
      2021-03-25 12:56:49 +1300
      James Letts
      2021-03-25 12:54:47 +1300
      Pey-Lyn Laulua
      2021-03-25 12:47:16 +1300

      "We are looking forward to a fruitful future with you!"

      Adam
      2021-03-25 12:44:11 +1300
      Claudia Neher
      2021-03-25 12:42:58 +1300
      A Rinaldo
      2021-03-25 12:39:39 +1300
      Katrina sayers
      2021-03-25 12:33:12 +1300
      Cullyn
      2021-03-25 12:20:16 +1300
      Wayne Hibbs
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      Lisa Robinson
      2021-03-25 12:17:32 +1300
      CAROLINE & JOHN BENNETT
      2021-03-25 12:13:40 +1300

      "We've already invested in the 1st stage - it's great to be able to continue investing in the 2nd! It will be great to see where this continues to go. Cheers, Caroline & John."

      This campaign was successful and got its funding on 16/04/2021 at 12:00 PM.

      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 Puro New Zealand, you can sign up to be notified when a new equity campaign from this company is published.

      Notify Me

      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.