Cherubim Interests, Inc. Announces a Convertible Preferred Stock Dividend

BEDFORD, TX / ACCESSWIRE / October 16, 2015 / Cherubim Interests, Inc. (CHIT) is pleased to announce that it has filed a Corporate Action with FINRA to issue a Convertible Preferred Stock Dividend to its individual shareholders. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record bearing a restrictive legend that will have a holding period. Details of the transaction will become available to the shareholders once FINRA has approved the Corporate Action.

Patrick J. Johnson, the CEO of Cherubim Interests, Inc. states, “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 with many of our debt holders, as we acknowledge that responsibility; and at the same time, we also want to protect the integrity of people’s investments in the open market.”

“We acknowledge the fact that our market has not recently performed to the satisfaction of our stockholders due to the automatic debt conversions of aged debt,” continues Johnson. “And by Issuing anti-dilutive, restricted convertible preferred securities to investors who securities are ‘underwater’ after purchasing our stock in the open market makes sense, because the dilution has impacted them the most. The rights and privileges of the restricted convertible preferred securities have already been noted in the company’s amended articles of incorporation. The Record Date & Payment Date will be known to our stockholders, once FINRA approves the Filing.”

IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (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 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

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

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.

For more information please contact:

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

Cherubim Interests Inc. Announces Initiative and Stimulus Package

BEDFORD, TX / ACCESSWIRE / October 12, 2015 / Cherubim Interests Inc. (“CHIT”) (the “Company”) (OTC: CHIT), a development-stage alternative construction and real estate development company, announces a series of carefully crafted initiatives intended to enhance net stockholders’ equity.

“This package of initiatives will serve as a blueprint to acquire and attract investment and equity into our company,” states 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.”

Johnson lays out the Company’s strategy as follows:

– maintain its public disclosure on OTC Markets by remaining current in its filing obligations;

– amend its Articles of Incorporation and Corporate Bylaws to create a series of Anti-Dilutive, Convertible Preferred Shares to protect its majority stakeholders;

– insulate the stockholders from past, present, or future dilution in the open market by providing these anti-dilutive securities as a dividend payment;

– use convertible preferred securities as currency to exchange its derivative liabilities that exist on the financial statements in the form of affiliate and non-affiliate debt;

– execute an S-1 filing so that its new preferred stockholders, who have converted into a predetermined amount of common stock, can see their securities become free trading.

Securities will soon become available to the common shareholders, pending FINRA approval. The equity derivatives are restricted for one year and will turn into a predetermined amount of common stock through issuance resolutions on the part of management, and convert at the par value of the public company.

“We will further strengthen investor confidence by committing ourselves to stock and cash dividends and by removing both affiliate and non-affiliate debt as this program will build net stockholders’ equity on the balance sheet and bolster current and future investor confidence,” says Johnson.

The Company anticipates that much of its principal affiliate debt will be retired for these instruments, while the interest will be converted into restricted common stock. The defaulted interest portion of the mature, secured, third-party non-affiliate debt will be assigned and converted into equity by their bond holders to remove any future compounding derivative liabilities on the balance sheet.

“This is a process we are committed to, and our resolve to complete these milestones will be a function of effort, teamwork, and time,” states Johnson. “Throughout this process we will maintain a transparent dialogue with our investors as to the clarity of implementing those objectives. And as we meet certain milestones, the investment community will be more thoroughly aware of this through our disclosures and public records.”

IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (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 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.

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.

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.

For more information please contact:

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

Cherubim Interests Inc. Taps Consulting Firm to Aid Development of Controlled Environment Agriculture Technology

Oct 5, 2015

BEDFORD, TX / ACCESSWIRE / September 28, 2015 / Cherubim Interests Inc. (CHIT) (the “Company”), a development-stage alternative construction and real estate development company, announces the addition of key personnel to strengthen its ability to execute on its growth strategy.

Dgrass Enterprises, a consultation and research and development firm based in Eugene, Oregon, has teamed up with Cherubim Interests and BudCube Cultivation Systems (BCS) to provide an answer to the rapidly expanding needs of the fastest growing industry in the United States.

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, Dominic brings a highly focused, well rounded and unique amount of hands-on experience to the industry.

Having begun his marijuana growing experience outdoors in his teens, Dominic, now age 38, has over 16 years of combined indoor and outdoor growing experience and opened The Greener Side of Life, a retail and wholesale garden supply company based in Eugene Oregon in 2010.

“We are thrilled and honored to have Dgrass Enterprises and as partners in this venture” said CEO Patrick Johnson. “Dominic is one of the most skilled businessmen that I know in the industry and has the skins on the wall to prove it. We are excited about the bright future that lies ahead for us.”

Together, standing at the forefront of this fast paced and newly evolving industry, Cherubim Interests and DGrass Enterprises will team to further develop the Standard Operating Procedure (SOP) for BCS technology.

IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (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 (“CHIT”) will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of (“CHIT”), 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 multi-family projects and properties.

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
pjohnson@cherubiminterests.com

Cherubim Interests, Inc. Introduces New Corporate Website to Better Showcase Operations, Updates

Sep 28, 2015

Clean, Professional Layout Quickly Portrays Company’s Unique Hybrid Business Model

FT WORTH, TX / ACCESSWIRE / September 28, 2015 / Cherubim Interests Inc. (CHIT) (the “Company”), a development-stage alternative construction and real estate development company, today announces the launch of its updated corporate website (www.CherubimInterests.com). In addition to enhanced visual appeal, key features include an Investors Center, along with thorough descriptions of the Company’s products and operations, key leadership, market opportunities, and more.

The new website is designed to better communicate with shareholders and site visitors interested in the Company’s ongoing progress within the alternative construction, real estate development, and controlled environment agriculture sectors.

The Investors Center features Cherubim’s news releases, stock information, regulatory filings, and an in-depth Investor Presentation. In conjunction with the revamped site, Cherubim also expects to launch its Investor Relations Kit in coming weeks, which will provide further insight into the Company’s market opportunities and current activity. The kit will also be available on the corporate website.

Cherubim Chief Executive Officer Patrick Johnson stated, “We’re proud to unveil the revamped Cherubim website to better reflect our aggressive efforts to gain momentum in high-potential niche markets. Our growth strategy is based on a hybrid business model that positions us to advance our wholly owned subsidiary, BudCube Cultivation Systems USA, while exploring opportunities in vertical markets and maintaining our primary focus on real estate acquisition and development of single, multi-family and commercial rental properties, and portable, scalable plant cultivation facilities.”

IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (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 (“CHIT”) will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of (“CHIT”), 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 multi-family projects and properties.

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
pjohnson@cherubiminterests.com