Cherubim Interests Inc. CHIT Archives - Page 2 of 3

FridayOct 30, 2015 8:20 am

Cherubim Interests, Inc. (CHIT) – Cultivating Commercial Applications for Agricultural Spaces

Cherubim Interests has progressed from researching opportunities in the controlled environment agriculture sector to engaging in promising ventures. The company found its way into this space this past summer when it acquired an exclusive license to deploy a self-contained cultivation unit designed to enable perennial plant cultivation in any locale with water and electricity. Cherubim Interests will work in unison with its wholly-owned subsidiary, BudCube Cultivation Systems (BCS), to build, install and lease facilities employing this proprietary plant cultivation technology for commercial applications in states where growing medical and recreational cannabis is lawful. Cherubim Interests has been tracking the progression…

FridayOct 23, 2015 8:24 am

Cherubim Interests Inc. (CHIT) Raises the Bar in Lone Star State

Cherubim Interests, an investment company, aims to be at the forefront of alternative construction, property management, and multi-family real estate development while maintaining high returns for shareholders. The company seeks to purchase undervalued real estate in order to improve and revamp them while creating rapid market growth, meaning more jobs in those areas. Cherubim Interests typically renovates third-party multi-family dwellings and is involved in all aspects of development such as acquisition, research, planning, construction, and management. One of its projects, the Texaplex Advantage, centers on establishing strong foundations that encourage market potential in Texas. The Texaplex is a triangular region…

FridayOct 16, 2015 10:26 am

Cherubim Interests, Inc. (CHIT) Files to Issue Convertible Preferred Stock Dividend

Cherubim Interests this morning announced it has filed a Corporate Action with FINRA to issue a Convertible Preferred Stock Dividend to its individual shareholders. Shareholders will be mailed physical certificates of Convertible Preferred Stock bearing a restrictive legend that will have a holding period. Once the Corporate Action is approved, shareholders will receive details of the transaction. "There has been significant dilution over the recent past in Cherubim Interests, Inc., and the reason for that has been the issue of the automatic conversion of aged non-affiliated debt on our companies books. We are currently in the process of negotiating settlements…

ThursdayOct 15, 2015 2:32 pm

Cherubim Interests, Inc. (CHIT) Construction, Real Estate Development & Cultivation Tech in Focus as Oregon Marijuana Sales Beat Expectations

It looks like the tax revenue assessment on recreational marijuana sales in Oregon by government officials may have underestimated just how big and robust the consumer market really is, with the initial forward projection of around $9 million for 2017 looking like it will be surpassed with ease. Subsequent to recreational sales being approved ahead of schedule via a bill signed by Governor Kate Brown, the amount of money taken in by dispensaries within just the first week alone has effectively crushed the official estimate, as some $11 million in sales were completed in the state’s first week of open…

MondayOct 12, 2015 1:31 pm

Cherubim Interests Inc. (CHIT) Introduces Package of Initiatives to Enhance Stockholders’ Equity

This afternoon, Cherubim Interests Inc. issued a press release announcing a series of carefully crafted initiatives designed to enhance net stockholders' equity. "This package of initiatives will serve as a blueprint to acquire and attract investment and equity into our company," said Patrick Johnson, CEO of Cherubim Interests Inc. "As we further prove our hybrid business model, we will escalate our game-plan with the Forward Acquisition of numerous undervalued assets and this program will only enhance the processes in doing so." The company's strategy was laid out as follows: - maintain its public disclosure on OTC Markets by remaining current…

FridayOct 09, 2015 8:41 am

Cherubim Interests, Inc. (CHIT) – A Stand-Out Operator in the Controlled Environment Agriculture Space

The commercial real estate market in Colorado is benefitting from growing demand. Marijuana merchants are struggling to find adequate warehouse space to hold their lawful cannabis cultivation and their demand for grow space is quickly surpassing the amount of vacant space available, which is causing leasing rates to rise significantly. Cherubim Interests plans to take advantage of this environment of rising demand and rates by leasing secured square footage to individuals and corporations who need it. The company recently entered into the controlled environment agriculture sector through the acquisition of an exclusive global license for the deployment of a proprietary…

MondayOct 05, 2015 9:21 am

Cherubim Interests, Inc. (CHIT) Engages Consulting Firm to Bolster Development of Controlled Agriculture Technology

Cherubim Interests, development-stage alternative construction and real estate development company, this morning reported its partnership with consultation and research and development firm Dgrass Enterprises. Based in Eugene, Oregon, Dgrass will assist Cherubim and its BudCube Cultivation Systems (“BCS”) subsidiary with their growth strategy to further develop the Standard Operating Procedure (SOP) for BCS technology. Dominic Grasseth, CEO of Dgrass Enterprises, is a successful professional business owner, entrepreneur, consultant, master gardener and horticultural expert within the cannabis industry. Specializing in cultivation, production, extract, grow room design, consultation, and industry wide retail and wholesale equipment sales, Cherubim said Grasseth brings “a highly…

FridayOct 02, 2015 3:22 pm

Cherubim Interests, Inc. (CHIT) Set to Benefit from Strong Performance of Colorado Cannabis Industry

Following its legalization of cannabis for recreational use at the beginning of 2014, the performance of Colorado’s recreational and medical marijuana markets have exceeded expectations. Last year, the state recorded just shy of $700 million in total sales, beating market forecasts by more than 20 percent, according to the Legislative Council of the Colorado General Assembly. This sharp increase in demand produced a similar spike in cultivation figures, with more than 500,000 plants being cultivated each month as of December 2014. Cherubim Interests, Inc., through wholly-owned subsidiary BudCube Cultivation Systems USA, is primed to capitalize on this cultivation boom through…

MondaySep 28, 2015 9:37 am

Cherubim Interests, Inc. (CHIT) Launches New Corporate Website

Cherubim Interests, a development-stage alternative construction and real estate development company, today introduced its updated corporate website (www.CherubimInterests.com). Built from the ground up, the website is designed to better communicate ongoing progress and provide thorough descriptions of the company's products and operations, key leadership, market opportunities, and more. The new Investors Center features the company’s news releases, stock information, regulatory filings, and an in-depth investor presentation. In today’s press release, Cherubim also said it will be launching an Investor Relations Kit in coming weeks to provide further insight into its market opportunities and current activity. The kit will be available…

FridaySep 25, 2015 9:19 am

The Many Faces, and Multiple Opportunities of Cherubim Interests, Inc. (CHIT)

Cherubim Interests is a development-stage alternative construction and real estate development company operating under a hybrid business model that enables it to explore and secure various opportunities within the controlled environment agriculture sectors. With its recent acquisition of an exclusive worldwide license to deploy a proprietary plant cultivation technology, Cherubim operates through its wholly owned BudCube Cultivation System USA subsidiary with plans to construct, deploy and lease scalable medical and recreational marijuana cultivation facilities for commercial applications. Coupled with a real estate development and property management business model, BudCube can position itself anywhere in the world where the cultivation of…

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