Innovative Market Strategy Is Unparalleled in the
Real Estate and Agriculture Industries
FT WORTH, TX / ACCESSWIRE / August 31, 2015 /
Cherubim Interests Inc. (OTC: CHIT) (the "Company"), a
development-stage alternative construction and real estate
development company, today issues its stated business objectives
specific to its recent entry into the controlled environment
agriculture sector.
Cherubim's primary focus is within the alternative construction,
real estate development, and controlled environment agriculture
sectors, into which the Company recently entered via acquisition of
an exclusive worldwide license for the deployment of a proprietary
plant cultivation technology.
Leveraging this exclusive license, and complementary to the
operations of its wholly owned subsidiary, BudCube Cultivation
Systems USA ("BCS"), Cherubim plans to construct, deploy and lease
scalable cultivation facilities for commercial applications.
As the Company pursues existing and future market opportunities
in this sector, Cherubim is positioned to take advantage of
increasing demand for grow space to accommodate cannabis and other
plant species, and will primarily focus on real estate acquisition
and development of single, multi-family and commercial rental
properties, and portable, scalable plant cultivation
facilities.
MINI-STORAGE BUSINESS MODEL
Cherubim's business model is similar to that of mini-storage
companies by leasing secured square footage to individuals and
corporations who need it. The company however has a hybrid format
in which it will be offering both single tenant or "macro
solutions" as well as the traditional multi-tenant or "micro
solutions" as its platform.
Single Tenant "Micro" Application: Cherubim
Interests will enters into an agreement whereby it will provide a
total cultivation solution to a sole tenant. The company will
acquire and develop the land required and deploy a "macro" solution
to square footage specifications required by that tenant.
Multi-Tenant "Macro" Application: Cherubim
Interests will select various land positions across the United
States and develop and open select secured locations where multiple
tenants can lease "micro" solutions to individuals. Each location
will have varying sizes based on market research relative to
geographical area.
Specific to Cherubim's interests, the industrial real estate
market in Colorado is booming as pot merchants scramble to find
ample warehouse space to house their legal cannabis cultivation.
Demand for grow space far outweighs vacant space, driving leasing
rates to $17 per square foot or more in Denver - roughly quadruple
average industrial space rates of $4.74 per square foot. Demand is
expected to climb as Colorado state budget officials project
recreational pot sales of $613 million over the next year, up more
than 50 percent from previous projections.
"Even though we will first market test leasing units in the
legal cannabis industry, there are many other practical
applications for this technology," stated Cherubim CEO Patrick
Johnson. "Across the globe, massive food shortages exist due to
extreme drought conditions and this application will serve this
market niche as well in the future. As we continue to build and
prove out our leasing platform, we will at a later time be able to
offer the same solution for individuals and corporations who seek
to grow their own produce, with so many issues surrounding concerns
about produce our grocers are currently selling to us."
IMPORTANT DISCLOSURE: Cherubim Interests, Inc.
(OTC: CHIT) and BudCube Cultivation Systems USA is planning
execution of its 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 ("CHIT") will obtain advice of counsel prior to
actualizing any portion of their business plan. Advice of counsel
with regard to specific activities of ("CHIT"), 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.
About BudCube Cultivation Systems
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.
For more information, visit www.budcube.com.
About Cherubim Interests, Inc.
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 multi-family
projects and properties.
For more information, visit www.cherubiminterests.com.
SAFE HARBOR
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
All statements other than statements of historical facts included
in this report regarding our financial position, business strategy,
plans and objectives of management for future operations, industry
conditions, and indebtedness covenant compliance are
forward-looking statements. When used in this report,
forward-looking statements are generally accompanied by terms or
phrases such as "estimate," "project," "predict," "believe,"
"expect," "anticipate," "target," "plan," "intend," "seek," "goal,"
"will," "should," "may" or other words and similar expressions that
convey the uncertainty of future events or outcomes. Items
contemplating or making assumptions about, actual or potential
future sales, market size, collaborations, and trends or operating
results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our
company's control) that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including the following: oil and gas prices, general economic or
industry conditions, nationally and/or in the communities in which
our company conducts business, changes in the interest rate
environment, legislation or regulatory requirements, conditions of
the securities markets, our access to capital, changes in
accounting principles, policies or guidelines, financial or
political instability, acts of war or terrorism, and other
economic, competitive, governmental, regulatory and technical
factors affecting our company's operations, products, services and
prices.
We have based these forward-looking statements on our current
expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory and other risks, contingencies
and uncertainties, most of which are difficult to predict and many
of which are beyond our control.
Contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
pjohnson@cherubiminterests.com
SOURCE: Cherubim Interests, Inc.
Cherubim Interests (CE) (USOTC:CHIT)
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