The Ministry of Health has granted a license to cultivate cannabis to Helius Therapeutics – the first license to be issued in Auckland and the largest licensed site in the country.
Helius Therapeutics has been granted a license to cultivate cannabis plants at its East Tamaki facility. The company has become the first licensed cannabis producer in Auckland, and the most expansive cultivation site in New Zealand.
This comes as another important milestone for the Kiwi start-up, having raised $15m in local capital and moved into a substantial facility in the company's first year.
The license was issued to Helius by the Ministry of Health on Friday. It allows Helius to establish a cannabis breeding programme and develop new cannabis plant varieties, known as chemovars, for use in the research and development of therapeutics. The license also allows the company to cultivate cannabis plants across two large-scale grow sites and nursery within its Auckland facility.
Having secured $15m in investment, led by Kiwi tech billionaire Guy Haddleton, Helius expects to complete the next stage of its facility by May 2019.
Executive Director and co-founder of Helius, Paul Manning, described the license grant as a major milestone for the company, having already achieved a lot in 2018.
“Securing our cultivation license is the result of nearly a year’s work and a significant financial investment. Our license allows us to shift up a gear, move into the next phase of development and commence cultivating thousands of plants here in Auckland.”
“The Ministry of Health approaches each license application on a case-by-case basis. Our objective was to align our cultivation license to our strategy, and that is to leverage our scale and research partnerships to develop quality, novel, locally-produced medicinal cannabis products that are affordable for New Zealanders.”
Helius sees its license grant as another step in the right direction for New Zealand’s cannabis industry, which is burgeoning with potential.
Manning says “Our ambition is to develop Helius into one of the world’s premier medicinal cannabis brands – from New Zealand. Our local industry has enormous potential with deep experience in science, horticulture and technology.”
“We’re an early-mover and we plan to stay ahead of this nascent industry. We want to bring safe and effective products to market as soon as possible. Hundreds of thousands of New Zealanders stand to benefit from medicinal cannabis and, for many, we hold the key to improved quality of life.”
Cannabinoid research laboratory under development at the Helius facility
Helius has developed two clinical trials which will be conducted in New Zealand and the company has committed to an extensive R&D plan.
Early product development will target sleep disorders, anxiety, arthritis and chronic pain. The company has formed relationships with local and international research institutes and is set to open its own cannabinoid research laboratory in 2019.
For more information:
Helius
www.helius.co.nz