Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Quayside Holdings Takes Significant Stake in HoneyLab

Quayside Holdings Takes Significant Stake in HoneyLab

Deal gives Quayside a significant stake in the rapidly-growing BoP healthcare company 22 June 2016 – Quayside Holdings, has today announced that they have taken a significant stake in the Bay of Plenty-based healthcare company HoneyLab. The investment, facilitated by Northington Partners, allows HoneyLab to rapidly grow its R&D and commercialisation programmes.

HoneyLab CEO Laurence Greig said that after considering its options in relation to capital raising, including both local and overseas investors, HoneyLab felt that Quayside Holdings were the perfect partner. “Quayside present us with an investor that adds so much more than just capital”, he said. “Their understanding and support for our strategy of developing licensable IP was instant”.

Scott Hamilton, the Chief Executive of Quayside Holdings, said that “we are excited by the potential for HoneyLab and were drawn to the company by its focus on innovation”.

HoneyLab are a Bay of Plenty-based healthcare company developing products for skin conditions, pain, nutrition and even the common cold. The company is well advanced in discussions with global consumer healthcare pharmaceutical companies on licensing its patented technology. HoneyLab products are in demand after a series of strongly positive clinical trial results which have shown them to be effective for conditions including acne, rosacea and cold sores. CEO Laurence Greig said that as well as having more than 10 products currently in market, HoneyLab had a large pipeline of products undergoing research and development and that the investment from Quayside would accelerate their development and readiness for commercial release.

Quayside CEO Scott Hamilton sees the investment as complimentary to its existing portfolio with considerable growth potential. Similar to recent direct investments, HoneyLab provides a significant value-add opportunity in the agribusiness sector as identified in the Toi Moana Bay of Plenty Growth Study.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>