PORTLAND, OR / ACCESSWIRE / July 7, 2015 /
Cherubim Interests Inc. (OTC: FCEND) (the "Company"), a
development-stage alternative construction and real estate
development company, is pleased to announce that it has entered
into the Controlled Environment Agriculture Industry through the
acquisition of an Exclusive Sub-Licensable, non-assignable,
world-wide license.
The acquired license permits Cherubim Interests to deploy the
proprietary, fully portable and scalable, self-contained Controlled
Environment Agriculture Cultivation Facility on a First Right to
Refusal Basis from Victura Construction Group, Inc. (OTC: VICT).
The Cultivation Unit may be used for year-round plant cultivation
in most climates as long as water and electricity are
available. The exclusive license is also deemed irrevocable
and perpetual except as otherwise set forth in the Agreement filed
in the company's recent Form 8-K.
The company, through its wholly-owned subsidiary BudCube
Cultivation Systems USA, will be constructing, deploying and
leasing scalable medical and recreational marijuana cultivation
facilities for commercial applications in states where the
consumption and cultivation of medical and/or recreational cannabis
is legal.
"While observing the cannabis industry's progression, with more
and more states allowing for recreational or medical uses, we have
been looking for an entry point for some time now and believe we've
found our best entry point in the marketplace." said CEO Patrick
Johnson. "With the ability to lease a portable and scalable
turn-key cultivation solution to growers, we believe our licensed
solution can fill the gap for many who want to enter into the
industry as first-timers, or experienced cultivators who do 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."
IMPORTANT DISCLOSURE: Cherubim Interests Inc.
(OTC: FCEND) and BudCube Cultivation Systems USA is planning
execution of 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"), a wholly-owned
subsidiary of Cherubim Interests Inc., constructs and markets a
fully portable and scalable 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 solution. The company 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.
More than a buyer, Cherubim Interests is led by highly
experienced directors and a notable management team who are experts
in their specific disciplines of property management, construction
and finance. We are determined to build on our initial success and
fulfill our vision to be a leader in alternative construction, as
well as multi-family real estate development, management, and
investment.
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
IR@cherubiminterests.com
SOURCE: Cherubim Interests Inc.
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