SETEK welcomes enquiries from prospective investors. Please call our corporate advisors, Armillary Private Capital.

Vision

SETEK’s vision is “helping people in need, one consistent drop at a time”.

 

Mission

NZ’s most trusted producer of medical and nutraceutical cannabis products.

NZ’s lowest-cost provider of 100% organic, pharmaceutical grade, medical and nutraceutical cannabis products.

One of the world’s first net carbon-neutral indoor cannabis companies.

New Zealand’s number 1 employer and partner of choice in the cannabis sector.

Leveraging Renewable Energy

As a company, SETEK is committed to protecting and preserving the uniqueness of New Zealand’s natural and cultural environment. Implicit in our business model is the connection between the land, the plant and the people. As such, renewable energy is fundamental to our environmental strategy.

SETEK’s state-of-the-art, environmentally friendly glasshouses will be sited at our new 2.8 million sq. ft. (26 hectare) facility near Taupo, NZ.

Values

Purpose Driven

The SETEK team share a common goal of creating shared-value in everything it does and to never lose sight of why SETEK was formed – to enhance the health, happiness and wellbeing of customers, employees and regional communities.

Passion for Excellence

Strive for excellence in every aspect of business. The team will continuously improve and optimise to create efficiencies and reinforce our focused low-cost provider strategy.

Research Driven

SETEK will retain a strong focus on innovation, new discoveries and trends to maintain and extend our competitive advantage through the value chain.

Science Based

SETEK’s team includes a number of PHDs with expertise in various scientific disciplines that are all key to SETEK’s vertically integrated business: organics; agronomy; soil science; horticulture; breeding & genetics; R&D in plant phenotypical expression and photomorphobiology; laboratory analyses of phytocompounds (cannabinoids, terpenoids; flavonoids; amino acids etc). This science-led approach will help to ensure SETEK maintain stable genetics, achieve greater crop yields and produce novel, value-add products.

Sustainability

SETEK plans to utilise solar energy and biofuels to help us become one of the world’s first net carbon neutral indoor cannabis operations. SETEK is on a journey to build a successful, environmentally sustainable, global business that will change lives for the better, whilst being gentle on our planet and its resources. All of SETEK’s products will be 100% New Zealand made and organic.

Social Responsibility

SETEK supports the New Zealand government’s ‘Smokefree Aotearoa New Zealand 2025’ goal, and is the only NZ cannabis company to have unequivocally ruled out any involvement in the production or sale of loose leaf or dried flower (‘bud’) for smoking.

 

Medicinal Cannabis in NZ

The Misuse of Drugs (Medicinal Cannabis) Amendment Act came into effect in December 2018 when the following changes came into effect:

those requiring palliation have an exception and statutory defence to the charge of possession or use of illicit cannabis

quality standards will be able to be set for medicinal cannabis products through all stages of production

Cannabidiol and any substances related to tetrahydrocannabinols that are not psychoactive are not controlled drugs

The Act is intended to improve access to quality assured medicinal cannabis based on principles of fairness, quality and safety, and compassion

Timeline for Development of the Regulations

The Minister of Health recommended the making of regulations setting quality standards for medicinal cannabis products within a year of the Misuse of Drugs (Medicinal Cannabis) Amendment Act 2018 coming into effect.

Completion of the new regulations is expected by December 2019 with operational commencement expected early/mid-2020.