PORTLAND, OR — (Marketwired) — 10/17/17 — Cherubim Interests, Inc. (OTC PINK: CHIT) (“the Company”), an expansion-stage alternative construction and real estate development company, announces that it has acquired its Flagship location to deploy its BudCube Cultivation Systems technology and hybrid business concept. The property, located in Lowell, Oregon, will serve as the company–s flagship leasing center, comprising of more than twenty acres zoned F2 or Impacted Forest Land. F2 zoned property is primarily resource land to be used for forestry, agriculture and related activities.
The property is also located across the street from Fall Creek Farm and Nursery, the world–s leading blueberry nursery stock and breeding company, providing the industry–s best blueberry genetics, plants & technical support to commercial fruit growers around the globe and situated less than twenty minutes from Interstate- 5 freeway, one of the largest major interstate roadways in the United States.
“We are excited to acquire this property because it is already zoned for agri-business, removing the need for any additional zoning variances,” says Patrick Johnson, CEO of CHIT. “This gives us the ability to offer an extremely private and secure environment for our tenants with enough acreage to deploy both single and multi-tenant business concepts moving forward.” This property is a rare find and we are very fortunate to have it in the fold.”
BudCube Cultivation Systems (“BCS”) is pioneering in the real estate development and medical as well as recreational cannabis cultivation industries. The Company will lease modular turnkey cultivation facilities to new and existing market participants in “mini-storage” or “co-op farming,” as well as single-tenant or “big box” concepts.
“The company initially conducts research to determine land purchase and improvements, as well as construction and deployment to location for leasing,” says Patrick Johnson, CEO of CHIT. “These modules provide the floor space and square footage required for operations. We then deliver, install and connect the modules while providing standard operating procedures and ongoing maintenance as needed.”
The multi-tenant concept allows for multiple tenants to rent individual, self-contained BCS cultivation units at a secure location staffed with management, maintenance, and security personnel. BCS will offer either facilities constructed of retrofitted shipping containers or Via modular building components . Local zoning variances, climate and logistics, will determine which application the company will use.
The single-tenant concept allows for an entity to enter into a long-term lease agreement with an option to purchase the facility (plus land if applicable) at the end of the lease term for a sales price determined considering fair market value. This is a much larger square footage concept with construction techniques and materials determined on a case by case basis.
“This industry is moving very rapidly,” states Patrick J. Johnson, CEO of Cherubim Interests, Inc. “As we see the front of legalization push across States, companies are scrambling to catch up. The market is there, the demand is high, but the supply from legal cultivators is low. Cherubim Interests and BudCube Cultivation Systems are uniquely positioned at this perfect apex of an emerging, billion-dollar market; we are positioning ourselves to meet the impending demand by supplying the facility necessary to bring existing as well as start-up mom and pop businesses into full scale production in a matter of months.”
Through strategic alliances BCS Leasing Centers will offer the following services to consumers:
Standard Operating Procedures
Cultivation
Inventory Control and Management Systems
Genetics Counseling and Testing Procedures
Extract Processing and Equipment Design, and
Proprietary Product Line(s)
“What makes this hybrid business model so compelling is that our facilities will command extraordinary high rental rates per square foot due to rental rates being charged in the cannabis industry across our nation,” said CHIT CEO Patrick Johnson. “Our concept, once deployed, will offer investors exponentially high rates of return compared to most traditional commercial real estate assets, and also increasing the companies– valuation significantly faster than traditional commercial assets would in the same scenario for our stockholders.”
BudCube Cultivation Systems USA (“BCS”) has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal.
BCS provides cultivation solutions for commercial application. It offers cultivators quick entry into a fast-growing market at a price point that is very attractive when compared to the traditional construction and cultivation solution. BCS features a business model unparalleled in the industry and stands to benefit greatly as more and more market participants seek to gain entry into this sector.
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Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
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This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company–s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company–s suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (OTC PINK: CHIT) and BudCube Cultivation Systems USA are planning execution of their stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department–s Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that the companies will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of the companies, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
For more information, please contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
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