Cherubim Interests, Inc. (CHIT) Sharpens Focus on Advancing Cherubim Interests, Inc. (CHIT) Sharpens Focus on Advancing its Proprietary Cultivation Technology
Cherubim Interests is led by highly experienced directors and a notable management team proficient in specific disciplines of property management, construction and finance. The company has committed these specialties to sharpen the company’s focus on alternative construction and real estate development.
Primarily concentrated on the real estate development and controlled environment agriculture sectors, Cherubim Interests acquired an exclusive worldwide license for the deployment of a proprietary plant cultivation technology. Along these lines, the company plans on leveraging its wholly owned subsidiary, BudCube Cultivation Systems USA (“BCS”), to construct, deploy and lease scalable medical and recreational marijuana cultivation facilities for commercial applications.
Integrating real estate development and property management expertise, BCS has the ability to position itself anywhere in the world where the cultivation of cannabis is legal. This unique business model positions the company to greatly benefit as more market participants seek to gain entry into a fast-growing market at an attractive price point.
The legal marijuana market is the fastest-growing industry in the United States, and while it’s a fairly new industry, people are investing millions of dollars in key niches of the market, such as cannabis cultivation for medicinal purposes.
BCS’s current short-term opportunity is based solely on the legalization of Oregon Medical and Recreational Cannabis:
• Medical cannabis sales represents a market of $60 mm / year.
• Recreational cannabis sales represents a market of $550 – 600 mm / year.
• Demand for technology is strong.
• Demand is outpacing capacity in the short run.
Armed with the ability to lease a portable and scalable turn-key cultivation solution to growers, Cherubim Interests is strategizing to use its licensed solution to fulfill the needs of first-time and experienced cultivators who may not have the capital resources to buy land, construct or tenant-improve existing structures for the optimum environment for developing a high-quality cannabis product.
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