Medicinal cannabis company’s $1m investment round crashes crowdfunding site


Last updated 11:23, May 10 2018 Hikurangi Hemp wants to be one of the first producers of medicinal marijuana in New Zealand. A medicinal cannabis company raised $2.2 million from the public after overwhelming interest crashed crowdfunding website PledgeMe​. Hikurangi’s campaign was due to launch on Tuesday evening, but a large amount of people flocking to PledgeMe caused its new cloud server to fail before the offer opened.  That blocked the public from investing in Hikurangi’s investment company, Waiapu Investments. The offer reopened again on Wednesday evening. More than 700 people bought shares in the company, collectively investing $1.39m in Hikurangi before the website crashed again. The minimum investment amount was $50.   Grandparents invest savings in medicinal cannabis for next generation  Medical marijuana a ‘billion-dollar industry’, says exporter who employs staff with a past  New Zealand’s only cannabis company plans to crowdfund for clinical trials  $160m Kiwi cannabis export deal to US Hikurangi Enterprises has a Ministry of Health-issued licence to grow hemp on private land in Ruatoria, near Gisborne. Hopeful investors reported the campaign crashed again on Wednesday, barring them from buying shares.  The campaign closed on Thursday morning, after raising a total of $2.2m. Medicinal cannabis company’s $1m investment round crashes crowdfunding site

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