Cherubim Interests, Inc. (CHIT) Cultivates Growth with its B Cherubim Interests, Inc. (CHIT) Cultivates Growth with its BudCube Cultivation System
The controlled environment agricultural (CEA) landscape is looking greener as attitudes warm toward cannabis use in the United States. A recent survey (https://dtn.fm/aLZP0) by the PewResearchCenter found that 53 percent of Americans would like to see cannabis legalized. CEA systems can range from simple, low-tech devices such as row covers to high-tech greenhouses that are controlled by computers. Typically, CEA facilities are employed in growing vegetables and flowers, and, according to a TechNewsWorld article (https://dtn.fm/qMa78), the four main CEA crops are cucumber, lettuce, peppers and tomato. Even astronauts floating around on the International Space Station have tried their hands at CEA, growing ‘leafy greens both to eat and to advance scientific knowledge.’ Now, cannabis growers are embracing CEA methods with open arms.
The big advantage of CEA is, of course, that the grower can escape the vagaries of weather, but one other salient feature of CEA is security, particularly with a crop such as cannabis. Although praedial larceny is not as prevalent as it was in the days of the Wild West, it’s very likely that cannabis crops may pose a temptation to today’s ‘rustlers’. A recent NPR story (https://dtn.fm/CcF1A) reports that cattle rustling is making a comeback in certain parts of the country, driven by the high price of beef and the spread of substance abuse. These are factors that, undoubtedly, will bear on cannabis farming.
The BudCube Cultivation System will obviate such theft since it operates in a protected indoor environment. A single BudCube Unit is around 800 sq. ft. and will produce two crops of 20 plants per crop within six months. The first crop can be harvested at 14 weeks, with the second following after an additional 12 weeks. Cherubim Interests, Inc. (OTC: CHIT) estimates that one plant will yield an average of one pound of product with a market price of $1,700 a pound, providing gross revenues of $68,000. Another great advantage of the BudCube Cultivation System is that it will generate revenues in just over three months’ time.
As the social and political environment eases its hostility to the use of cannabis, Cherubim is set to strike while the iron is hot. A Reuters report (https://dtn.fm/q64TN) last year stated that Georgia had enacted a law legalizing the use of marijuana for medical purposes. To date, according to ProCon.org, 23 states and the District of Columbia have legalized cannabis for medical use. Georgia will soon bring that number to 24. Additionally, four states – including Alaska, Colorado, Oregon and Washington – and the District of Columbia also allow the recreational use of cannabis.
According to Leafly, the online information resource devoted to news on the cannabis industry, ‘Legislators in Georgia, Illinois, Wyoming, and Virginia are all seeking to decriminalize the possession of small amounts of cannabis, and… New Mexico is trying to join four other states (and one district) by legalizing cannabis in 2016’. Missouri has also passed a decriminalization law which is due to take effect on January 1, 2017. Decriminalization is not the same thing as legalization. Decriminalization means that possession and use of cannabis will not be treated as criminal offenses but may still carry penalties.
Cherubim, which, through subsidiary BudCube Cultivation Systems USA, is developing and marketing the BudCube units, invests in undervalued real estate assets in order to create safer living environments and promote more desirable lifestyles for future generations. The company specializes in a full array of development activities – including due diligence, acquisition, planning, construction, renovation and property management – allowing it to upgrade assets to their full market potential while providing a substantial return to investors.
For more information, visit www.cherubiminterests.com
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