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Helius Therapeutics

Full company profile

uuid000351b

Namestring
Helius Therapeutics
Legal namestring
Helius Therapeutics
Websiteurl
helius.co.nz
Company typeenum
Private
Founded yearint
2018
Short descriptiontext

Helius Therapeutics is a vertically integrated New Zealand medicinal cannabis company that cultivates, extracts, and GMP-manufactures pharmaceutical-grade cannabis products for patients via pharmacy prescription, clinics, and export partners in Australia and Denmark.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersEast Tamaki, New Zealand
HQ citystring
East Tamaki
HQ countrystring
New Zealand
HQ regionstring
Oceania
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
medicinal cannabis, cannabis extracts, pharmaceutical manufacturing, GMP certified medicines, cannabinoid therapeutics
Industry1 code
1Drug Substance–Drug Product Integrated CDMO
CodeHLAGABAGPrimaryYes
NAICS code2 codes
  • Pharmaceutical Preparation Manufacturing325412
  • Medicinal and Botanical Manufacturing325411
SIC code2 codes
  • Pharmaceutical Preparations2834
  • Medicinal Chemicals & Botanical Products2833
Product category
Medicinal Cannabis Manufacturing
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Prescription Medicinal Cannabis Products
TypeOne Time License
Description

Products sold through pharmacies via prescription from doctors. Patients obtain products like any other medication through a prescription model.

helius.co.nz
2International Export Sales
TypeTransaction Fee
Description

Partnerships with distributors in Australia (Novachem) and Denmark (Balancial Denmark) to supply GMP-certified medicinal cannabis extracts and flower products to international patients.

helius.co.nz
3Wholesale/B2B Supply
TypeTransaction Fee
Description

Supply agreements with other licensed operators including the five-year deal with Puro for organic medicinal cannabis supply.

helius.co.nz
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1Helius Assist
Description

Medicinal cannabis extract product

helius.co.nz
Core offering1 text field

Helius Therapeutics is a vertically integrated medicinal cannabis company that breeds, cultivates, extracts, and GMP-manufactures cannabinoid-based pharmaceutical products in New Zealand. Its portfolio includes cannabis oil extracts delivered as soft gel caplets, sublingual drops, and topical creams (e.g., THC25:CBD25 Oral Solution, Helius Assist), distributed domestically via prescription through pharmacies and exported through distribution partners in Australia and Denmark.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Patients in New Zealand gained access to locally-made cannabis medicines in October 2021
+1 more record
Product overview1 text field

Helius Therapeutics is a vertically integrated medicinal cannabis company operating as a single unified product portfolio. Their core offerings include medicinal cannabis extracts (oil-based formulations), oral solutions such as THC25:CBD25 Oral Solution, and products like Helius Assist. These products are manufactured at their 8,800sqm Auckland facility using indoor controlled cultivation, CO2 and cryo-ethanol extraction, and GMP-certified production processes. All products are distributed through prescription via doctors and pharmacies in New Zealand, with export partnerships extending to Australia and Denmark.

Product and service3 records
1Helius THC25:CBD25 Oral Solution
CategoryMedicinal Cannabis Oil
Description

A balanced THC and CBD oral solution formulation providing consistent dosing of cannabinoid extracts for medicinal cannabis patients in New Zealand, dispensed by prescription through pharmacies.

2Helius Assist
CategoryMedicinal Cannabis Product
Description

A medicinal cannabis product offering from Helius listed within patient access materials as part of the company's therapeutic solutions portfolio for prescription patients.

3Medicinal Cannabis Extracts
CategoryMedicinal Cannabis Extracts
Description

Cannabis oil extracts formulated into soft gel caplets, sublingual drops, and topical creams; CBD-dominant with minimal psychoactive effects, produced under EU-GMP standards for prescription patients and export markets.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1Novachem
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2024-10-07
Description

Strategic partnership with Novachem as sponsor and primary distributor for Helius Therapeutics' NZ-grown, NZ-made, GMP-certified medicinal cannabis products in Australia. Novachem enables wider range of product options for Australian patients.

helius.co.nz
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2024-09-23
Description

Strategic partnership with Balancial Denmark to launch premium medicinal cannabis extracts in the Danish market. Partnership merges Helius' advanced cultivation and extraction expertise with Balancial's strong local presence, addressing growing demand for medicinal cannabis in Denmark with approximately 10,000 patients.

Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2022-03-31
Description

Education sponsor of MCinfo.com, a dedicated medicinal cannabis information service. Helius sponsors prescriber education to improve healthcare professional knowledge and patient access.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-01-20
Description

Five-year multi-million dollar supply agreement for Puro to supply over 10 tonnes of organic medicinal cannabis to Helius, equivalent to approximately five shipping containers of dried cannabis flower. Puro is New Zealand's largest cannabis grower and only certified organic grower in Australasia.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Australian medicinal cannabis cultivator and manufacturer with GMP-certified production facilities supplying Australian and European patients. Highly comparable as an APAC-headquartered GMP cannabis producer using similar cultivation-to-extraction model.

TypeDirect peer
Description

Vertically integrated Australian medicinal cannabis company producing GMP-certified flower and oil products for domestic and European export markets. Directly comparable in scale, vertical integration, and EU-GMP-driven export strategy to Helius.

TypeDirect peer
Description

Listed Australian company developing and commercialising medicinal cannabis and hemp-derived therapeutic products. Comparable as an APAC medicinal cannabis product developer with HCP-facing distribution.

TypeDirect peer
Description

Clinically-driven medicinal cannabis company with operations in Australia and the US developing proprietary cannabinoid formulations. Comparable as a research-and-product-focused cannabis therapeutics firm targeting regulated pharmacy channels.

5Puro
TypeEmerging player
Description

New Zealand's largest cannabis grower and Australasia's only certified-organic grower, with a multi-year commercial supply agreement to Helius. Directly comparable as a NZ medicinal cannabis producer in the same regulatory scheme.

TypeBroad incumbent
Description

Global cannabis leader with GMP-certified production in Canada, Portugal, Germany, and Australia exporting medicinal cannabis across Europe and Asia-Pacific. Comparable as a large incumbent supplying the same regulated medicinal cannabis channels Helius targets.

TypeBroad incumbent
Description

Owner of the Sativex/Epidiolex cannabinoid medicine franchises, setting the regulatory benchmark for GMP cannabinoid therapeutics globally. Comparable as the established reference point for GMP-certified pharmaceutical-grade cannabis medicines.

TypeBroad incumbent
Description

Large-scale Canadian medicinal cannabis producer with EU-GMP-certified facilities distributing into European pharmacy channels. Comparable as an EU-GMP-certified exporter competing for the same import-customer relationships Helius targeted via Balancial Denmark.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Helius Therapeutics

Medicinal Cannabis Manufacturinghelius.co.nz

Helius Therapeutics is a vertically integrated New Zealand medicinal cannabis company that cultivates, extracts, and GMP-manufactures pharmaceutical-grade cannabis products for patients via pharmacy prescription, clinics, and export partners in Australia and Denmark.

Helius Therapeutics firmographics

Firmographics
Name
Helius Therapeutics
Legal name
Helius Therapeutics
Website
https://helius.co.nz
Company type
Private
Founded year
2018
Operating status
Closed
Headcount range
1–10 employees
Short description
Helius Therapeutics is a vertically integrated New Zealand medicinal cannabis company that cultivates, extracts, and GMP-manufactures pharmaceutical-grade cannabis products for patients via pharmacy prescription, clinics, and export partners in Australia and Denmark.
Ownership category
akta.pro rank

Helius Therapeutics industry classification

Industry
Product category
Medicinal Cannabis Manufacturing
NAICS
Pharmaceutical Preparation Manufacturing (325412), Medicinal and Botanical Manufacturing (325411)
SIC
Pharmaceutical Preparations (2834), Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Drug Substance–Drug Product Integrated CDMO (HLAGABAG)

Keywords

  • Medicinal cannabis
  • Cannabis extracts
  • Pharmaceutical manufacturing
  • GMP certified medicines
  • Cannabinoid therapeutics

Where Helius Therapeutics is headquartered

Location

Headquarters

HQ city
East Tamaki
HQ country
New Zealand
HQ region
Oceania

Offices2 records

Markets served

Helius Therapeutics business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

  1. Prescription Medicinal Cannabis Products: Products sold through pharmacies via prescription from doctors. Patients obtain products like any other medication through a prescription model.
  2. International Export Sales: Partnerships with distributors in Australia (Novachem) and Denmark (Balancial Denmark) to supply GMP-certified medicinal cannabis extracts and flower products to international patients.
  3. Wholesale/B2B Supply: Supply agreements with other licensed operators including the five-year deal with Puro for organic medicinal cannabis supply.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Helius Therapeutics product offering

Product offering

Core offering

Helius Therapeutics is a vertically integrated medicinal cannabis company that breeds, cultivates, extracts, and GMP-manufactures cannabinoid-based pharmaceutical products in New Zealand. Its portfolio includes cannabis oil extracts delivered as soft gel caplets, sublingual drops, and topical creams (e.g., THC25:CBD25 Oral Solution, Helius Assist), distributed domestically via prescription through pharmacies and exported through distribution partners in Australia and Denmark.

Product overview

Helius Therapeutics is a vertically integrated medicinal cannabis company operating as a single unified product portfolio. Their core offerings include medicinal cannabis extracts (oil-based formulations), oral solutions such as THC25:CBD25 Oral Solution, and products like Helius Assist. These products are manufactured at their 8,800sqm Auckland facility using indoor controlled cultivation, CO2 and cryo-ethanol extraction, and GMP-certified production processes. All products are distributed through prescription via doctors and pharmacies in New Zealand, with export partnerships extending to Australia and Denmark.

Differentiator

Problem solved

Functional benefit

Brands

  • Helius Assist: Medicinal cannabis extract product

Products and services

  • Helius THC25:CBD25 Oral Solution A balanced THC and CBD oral solution formulation providing consistent dosing of cannabinoid extracts for medicinal cannabis patients in New Zealand, dispensed by prescription through pharmacies.
  • Helius Assist A medicinal cannabis product offering from Helius listed within patient access materials as part of the company's therapeutic solutions portfolio for prescription patients.
  • Medicinal Cannabis Extracts Cannabis oil extracts formulated into soft gel caplets, sublingual drops, and topical creams; CBD-dominant with minimal psychoactive effects, produced under EU-GMP standards for prescription patients and export markets.

Quantifiable outcome

  • Patients in New Zealand gained access to locally-made cannabis medicines in October 2021
  • +1 more outcomes

Companies that use Helius Therapeutics

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Helius Therapeutics technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Helius Therapeutics partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • NovachemcoreChannel Partner/ Reseller/ Distributor · 7 October 2024Strategic partnership with Novachem as sponsor and primary distributor for Helius Therapeutics' NZ-grown, NZ-made, GMP-certified medicinal cannabis products in Australia. Novachem enables wider range of product options for Australian patients.
  • Balancial DenmarkcoreChannel Partner/ Reseller/ Distributor · 23 September 2024Strategic partnership with Balancial Denmark to launch premium medicinal cannabis extracts in the Danish market. Partnership merges Helius' advanced cultivation and extraction expertise with Balancial's strong local presence, addressing growing demand for medicinal cannabis in Denmark with approximately 10,000 patients.
  • MCinfo.com (DATAPHARM)minorGTM or Marketing Partner · 31 March 2022Education sponsor of MCinfo.com, a dedicated medicinal cannabis information service. Helius sponsors prescriber education to improve healthcare professional knowledge and patient access.
  • PurocoreStrategic or Co-development Partner · 20 January 2022Five-year multi-million dollar supply agreement for Puro to supply over 10 tonnes of organic medicinal cannabis to Helius, equivalent to approximately five shipping containers of dried cannabis flower. Puro is New Zealand's largest cannabis grower and only certified organic grower in Australasia.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Helius Therapeutics competitors and assessment

Company assessment

Direct peers

  • Cann Group Limited: Australian medicinal cannabis cultivator and manufacturer with GMP-certified production facilities supplying Australian and European patients. Highly comparable as an APAC-headquartered GMP cannabis producer using similar cultivation-to-extraction model.
  • Little Green Pharma: Vertically integrated Australian medicinal cannabis company producing GMP-certified flower and oil products for domestic and European export markets. Directly comparable in scale, vertical integration, and EU-GMP-driven export strategy to Helius.
  • Bod Australia: Listed Australian company developing and commercialising medicinal cannabis and hemp-derived therapeutic products. Comparable as an APAC medicinal cannabis product developer with HCP-facing distribution.
  • Zelira Therapeutics: Clinically-driven medicinal cannabis company with operations in Australia and the US developing proprietary cannabinoid formulations. Comparable as a research-and-product-focused cannabis therapeutics firm targeting regulated pharmacy channels.

Emerging players

  • Puro: New Zealand's largest cannabis grower and Australasia's only certified-organic grower, with a multi-year commercial supply agreement to Helius. Directly comparable as a NZ medicinal cannabis producer in the same regulatory scheme.

Broad incumbents

  • Tilray Brands: Global cannabis leader with GMP-certified production in Canada, Portugal, Germany, and Australia exporting medicinal cannabis across Europe and Asia-Pacific. Comparable as a large incumbent supplying the same regulated medicinal cannabis channels Helius targets.
  • Jazz Pharmaceuticals (GW Pharmaceuticals): Owner of the Sativex/Epidiolex cannabinoid medicine franchises, setting the regulatory benchmark for GMP cannabinoid therapeutics globally. Comparable as the established reference point for GMP-certified pharmaceutical-grade cannabis medicines.
  • Aurora Cannabis: Large-scale Canadian medicinal cannabis producer with EU-GMP-certified facilities distributing into European pharmacy channels. Comparable as an EU-GMP-certified exporter competing for the same import-customer relationships Helius targeted via Balancial Denmark.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

Helius Therapeutics social profiles

Digital presence

Helius Therapeutics compliance and trust

Trust signal

Compliance3 records

Helius Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Helius Therapeutics leadership team

Management profile

Number of profiles

Profiles10 records

Helius Therapeutics subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Helius Therapeutics funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Helius Therapeutics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Helius Therapeutics

What does Helius Therapeutics do?

Helius Therapeutics is a vertically integrated medicinal cannabis company that breeds, cultivates, extracts, and GMP-manufactures cannabinoid-based pharmaceutical products in New Zealand. Its portfolio includes cannabis oil extracts delivered as soft gel caplets, sublingual drops, and topical creams (e.g., THC25:CBD25 Oral Solution, Helius Assist), distributed domestically via prescription through pharmacies and exported through distribution partners in Australia and Denmark.

Is Helius Therapeutics a public or private company?

Helius Therapeutics is a private company. It is classified as venture growth investor backed and is currently closed.

When was Helius Therapeutics founded?

Helius Therapeutics was founded in 2018. It employs 1 to 10 people.

Where is Helius Therapeutics based?

Helius Therapeutics is headquartered in East Tamaki, New Zealand, in the Oceania region.

How does Helius Therapeutics make money?

Three revenue lines are on record. Prescription Medicinal Cannabis Products are the primary driver. The others are international Export Sales and wholesale/B2B Supply.

Who are Helius Therapeutics's main competitors?

Direct peers on record are Cann Group Limited, Little Green Pharma, Bod Australia and Zelira Therapeutics. Puro is listed as an emerging player. Broad incumbents are Tilray Brands, Jazz Pharmaceuticals (GW Pharmaceuticals) and Aurora Cannabis.

Does Helius Therapeutics have an API?

No public API is recorded for Helius Therapeutics.

What industry is Helius Therapeutics in?

Helius Therapeutics's product category is Medicinal Cannabis Manufacturing. Its primary akta.pro industry code is HLAGABAG, Drug Substance–Drug Product Integrated CDMO. Its NAICS code is 325412 and its SIC code is 2834.

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Live signals
NZ HeraldNZ’s medicinal cannabis ecosystem hopes to harvest value-add opportunitiesNew Zealand's medicinal cannabis sector, legalised in 2020, is facing consolidation as Helius Therapeutics announces the closure of its East Tāmaki factory, affecting 65 workers and eliminating one of the few GMP-certified processing facilities nationwide. Industry experts argue that strict Good Manufacturing Practice requirements prevent local producers from moving beyond raw ingredient exports into higher-margin processed products like cannabis capsules, limiting domestic value-add opportunities. A new grower collective called NZ Grow Co was launched by Ora Pharm to improve sector coordination and export focus, while regulators consider rule changes to reduce barriers for domestic manufacturing.Business of CannabisNew Zealand’s Medical Cannabis Market Growth Slows as Major Operator Calls in AdministratorsNew Zealand's medical cannabis market grew 25% in 2025, a sharp deceleration from 69% growth in 2024 and 185% in 2023, with total packs reaching 380,021. One of the country's largest operators, Helius Therapeutics, has called in administrators citing a challenging regulatory and commercial environment, joining a list of failed NZX-listed operators including Cannasouth, Aether Pacific Pharmaceuticals, Greenfern, and Tilray. The collapse of vertically-integrated domestic producers has been driven by high fixed costs and competition from cheaper imports from Canada and Australia, prompting calls for regulatory reform from industry insiders and openness from Regulation Minister David Seymour.NZ HeraldMedicinal cannabis industry under strainMedicinal cannabis companies in New Zealand are reporting stock shortages affecting thousands of patients, with executives warning that regulatory hurdles are compounding supply chain challenges. Helius Group, which owns Helius Therapeutics and clinic operator CannaPlus, has faced shortages since December and underwent voluntary redundancy last week. Industry leaders and Regulation Minister David Seymour are calling for regulatory reforms, warning that without changes, more companies could fail within the next 12 months.RNZMedicinal cannabis company Helius Therapeutics shuts downHelius Therapeutics, a medicinal cannabis company based in Auckland, has been placed in voluntary administration due to a challenging regulatory and commercial environment. The company will cease manufacturing operations and sell assets, but its clinic business remains unaffected.Newstalk ZBKiwi rich-lister’s medical cannabis company goes into voluntary administrationNew Zealand medicinal cannabis company Helius Therapeutics has gone into voluntary administration, citing sustained commercial pressures within a challenging regulatory and commercial environment, and will close its East Tāmaki manufacturing facility. The company, backed by rich-lister Guy Haddleton who invested $15 million in 2018 and owns 28.39% of parent Helius Group, follows other struggling sector peers including Cannasouth, Aether Pacific Pharmaceuticals, and Greenfern Industries. The clinic business Cannaplus, acquired in 2025, continues to operate independently under Helius Group.NZ HeraldKiwi rich-lister Guy Haddleton’s medical cannabis company Helius Therapeutics goes into voluntary administrationNew Zealand medicinal cannabis company Helius Therapeutics has gone into voluntary administration, citing commercial and regulatory challenges. The firm was backed by entrepreneur Guy Haddleton, who invested $15 million in 2018 as its largest investor and director. The collapse of the early sector leader signals ongoing difficulties facing the medical cannabis industry in New Zealand.New Zealand DoctorNZ’s first locally grown cannabis medicines get approvalHelius Therapeutics has become the first New Zealand company to receive approval for medicinal cannabis products derived from locally grown and manufactured plants. The Medicinal Cannabis Agency verified that the Helius CBD25 and CBD100 Full Spectrum medicines meet quality standards, aiming to alleviate supply chain disruptions caused by import dependencies. Helius plans to launch these products domestically before exporting to Europe and South America while seeking investment to accelerate growth.NZ HeraldPuro Cannabis farm gets $32m grant: 'New generation coming into agriculture'Puro Cannabis has received a $32 million government grant to develop an organic production handbook and expand its medicinal cannabis operations in New Zealand. The project is expected to create up to 200 jobs in the Kaikōura and Marlborough regions and includes a partnership with Helius Therapeutics for product distribution.GlobeNewswireMediPharm Labs Australia Signs First International White-Label Supply Deal with New Zealand based Helius TherapeuticsMediPharm Labs Australia signed its first international supply deal with New Zealand-based Helius Therapeutics to export GMP-certified cannabis oil products. The two-year agreement covers High-CBD, Balanced, and High-THC sublingual formulations, with distribution through licensed pharmacies. The deal awaits Medsafe regulatory confirmation.