DALLAS, TX--(Marketwired - Oct 26, 2016) - BudCube Cultivation Systems USA, a wholly owned subsidiary of Cherubim
Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction and real estate development
company, announces that it has begun conducting due diligence for its inaugural site location to deploy its BudCube Cultivation
Systems Technology.
BudCube Cultivation Systems USA ("BCS") has developed a proprietary, fully portable and scalable, Controlled Environment
Agriculture Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis. 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.
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 company also has developed two other business applications and have plans to release all
conceptual diagrams in the coming weeks.
"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 and even into the platforms of the looming Presidential election, 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 companies 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."
IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (OTC PINK: 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 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.
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 fastgrowing 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: http://cherubiminterests.com/budcube/
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 multifamily projects and properties.
For more information, visit www.cherubiminterests.com
Safe Harbor Statement
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.