Hikurangi Enterprises ready to stamp their mark on medicinal Cannabis market
Hemp growing company Hikurangi Enterprises are ready to stamp their mark on the medicinal Cannabis commercial market.
Hikurangi Bioactives Limited Partnership’s Manu Caddie says this will be the year they get it off the ground.
“This crop's going to be helping us with our clinical trials. That will happen this year. The product out of that will be able to go out onto the market as proven as safe and in time, effective for particular conditions. People should be able to access it through pharmacies within a year or so.”
Today potential investors are being shown around the crops; Caddie also says Hikurangi Enterprises are gearing up to open for investment into a plant to start growing medicinal cannabis
“We've had a Japanese company interested but again if we can find iwi or other Māori interests, we're looking for about $4 million, looking for $2 million from the crowd so through PledgeMe and we can raise up to $2 million. So if we can get $6 million that will build us a lab and some awesome greenhouses that meet the security requirements of government and we can get on with it.”
With the passing of the first reading of the Medicinal Cannabis Bill, Caddie also says this group is preparing themselves for the day it is passed into law.
“We've got some big orders from overseas for the wholesale product. So we're still working through the numbers in terms of what they might mean for dividends and we don't want to make any promises at this stage. People, if they want to invest they do it because they believe in the cause rather than they're going to make millions out of it. We're definitely keen on creating jobs locally for the coast.”
This is the second of the hemp crops planted by Hikurangi Enterprises and among this crop is the grandmother plant which will serve as the clone.
Managing Director Panapa Ehau says the plant that will serve as the clone which will potentially help to make millions of dollars in returns for the company and its shareholders.
“Our focus is creating jobs. We've already started to do that. One of these plants could be the one that creates those jobs for our people, and in turn, creates returns for those that come in to support this venture.”
The East Coast is buzzing with excitement about the much-needed job creations the new operation could provide.
And Ehau says there is also a new course that is teaching locals the skills needed to work in this industry ready for when the company expands into the commercial space.
“We've run a level four sustainable primary production course and that focus has been on industrial hemp and medicinal cannabis. So we had 15 spaces, that started in October and goes through until Easter. That filled up pretty quickly. We've had around about 500 enquiries wanting to come onto that course.”
The company says its doors will be open for crowdfunding in March for those who are interested in supporting the kaupapa.