DALLAS, TX--(NewMediaWire - Nov 17, 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 signed a real estate contract to deploy its BudCube Cultivation
Systems technology and hybrid business concept.
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 property, located in Eugene, Oregon, will serve as the
company's flagship leasing location, which apprises of more than
eight acres zoned E-40, on one of the largest major interstate
roadways in the United States.
"We are excited to locate this property which is already zoned
for agri-business removing the need for any additional zoning
variances," says Patrick Johnson, CEO of CHIT. "The property also
has over 1300 feet of frontage directly on the I-5 freeway, which
gives us phenomenal visibility and advertising exposure from the
many vehicles that pass by daily from both the North and
South."
IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (OTC
PINK: CHIT) and BudCube Cultivation Systems USA are planning
execution of their 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.
For more information visit: www.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.