SOURCE: Cherubim Interests Inc.

Cherubim Interests Inc.

Cherubim Interests Inc.

July 25, 2017 09:00 ET

Cherubim Interests, Inc. Subsidiary Provides Progress Report On GreenPhoria Farms Construction Project

PORTLAND, OR--(Marketwired - Jul 25, 2017) - Budcube Construction Services ("BCS"), a subsidiary of Cherubim Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction and real estate development company, provides progress report with respect to Greenphoria Farms' tenant finish out project.

Greenphoria Farms is a cannabis producer with twelve proprietary strains and over 30 years of cultivation expertise in the industry. The company currently has approximately 20,000 sq. feet under lease in Hillsboro Oregon, and intends on introducing its proprietary strains to the industry as early as 3rd quarter 2017.

"We have made considerable progress on the GreenPhoria Farms project," said CHIT CEO Patrick Johnson. "We have completed 100% of all required demolition, 80% completion of final prints and designs, 80% completion of floor work, and 40% completion of Truss Core wall panel preparation. The next steps will be to install Truss Core paneling on one side of the walls which will enable the plumbing, electrical and HVAC trades to begin their work and the City of Hillsboro to begin their wall inspections," said Johnson.

A video tour of the facility can be found here: https://drive.google.com/file/d/0BzaIniUYIoHfdGhsUkxoNzM4OUE/view?usp=sharing

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 fast growing 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 www.budcube.com

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.

Contact Information

  • For more information please contact:

    Cherubim Interests, Inc.
    Patrick J. Johnson
    Chief Executive Officer
    (844) 842-8872
    pjohnson@cherubiminterests.com