Welcome to Puro
Puro is New Zealand’s largest grower of medicinal cannabis, having successfully completed its first commercial harvest with over 25 tons being processed for pharmaceutical buyers. Puro has built NZ’s largest packaging and drying facility and has received ‘Organic In Conversion’ certification, making it one of the few accredited large-scale organic cannabis growers in the world – a unique selling proposition into global markets.
Puro is backed by an internationally experienced team and has demonstrated it can execute on strategy having undertaken significant milestones and achievements to date. Puro is seeking wholesale investment to expand its indoor commercial facility enabling production of premium flower products to local and global markets.
The share price of $1.00 for this wholesale offer compares favorably to the recent retail raise at $1.15 per share which was fully subscribed. Puro now invites you to participate in this wholesale offer.
View Puro’s Investor Presentation Video and recent media below.
The medical cannabis sector in which Puro operates in is a new industry which is 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 new 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.
Historic financial information is included in the Information Memorandum on pages 48 and 49 (see document tab). Analysis of the global market, key implications and opportunities for Puro and future potential revenue streams are discussed in The Market section, on page 38. Further access to Puro’s financial documentation, internal forecasting and information suitable for a comprehensive investor due diligence process, is available on request following the completion of a Non-Disclosure Agreement.
Puro is offering you an exciting opportunity to join a fast-growing company at the forefront of this new global industry. With our previous offer over-subscribed and a growing waitlist this opportunity is expected to gain significant interest from those who understand its potential and align with Puro’s sustainable, long term vision.
Through this opportunity, Puro is looking to raise $200,000 or more from individual investors (up to an aggregate of $6 million) to fund the development of an indoor commercial growing facility in the Waihopai Valley. This facility will be an expansion of Puro’s existing infrastructure on site, including our research and breeding facilities. Expressions of interest are currently being sought for this wholesale offer, with priority given to larger investments offers.
Not all offers may be accepted. Any oversubscription will be managed by the Puro board at their discretion.
The share price for this institutional and wholesale offer is at a reduced rate of $1.00 per share.
Puro is growing. This is your opportunity to grow with us.
The Offer is only open to wholesale investors who fall within the exclusion in clause 3, Part 1 of Schedule 1 to the Financial Markets Conduct Act, 2013 (FMCA)
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The Information Memorandum for this offer can be viewed in the Documents tab above.