Cherubim Interests, Inc. Signs MOU With United Cannabis Corp.

BEDFORD, TX / ACCESSWIRE / December 7, 2015 / Cherubim Interests, Inc. (OTC: CHIT), (“the Company”) a development-stage alternative construction and real estate development company, have signed a Memorandum of Understanding with United Cannabis Corp. (CNAB) to supply, deploy and provide the technical means to cultivate cannabis.

“This industry is moving very rapidly,” states Patrick J. Johnson, CEO of Cherubim Interests, Inc. “As we see the front of legalization push across States and even into the platforms of the next Presidential election, companies are scrambling to catch up. The market is there, the demand is high, but the supply from legal cultivators is low. Cherubim Interests and BudCube are uniquely positioned at this perfect apex of an emerging, billion dollar market; we are positioning ourselves to meet the impending demand by supplying the facility necessary to bring existing as well as start-up companies into full scale production in a matter of months.”

The Memorandum of Understanding outlines a business model that CHIT and its subsidiary 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 turn-key cultivation facilities to new and existing market participants in a “mini-storage” or “co-op farming” scenario.

“First, we provide the necessary capital investment to cover any land purchase and improvements, as well as construction and deployment to location for leasing, These portable modules when combined, provide the floor space and square footage required for operations. We then deliver, install and connect the modules while providing standard operating procedures and ongoing maintenance as needed.”

In exchange, United Cannabis Corp. agrees to provide to BudCube Cultivations Systems fee based consulting services including:

– Standard Operating Procedures
– Cultivation
– Inventory Control and Management Systems
– Genetics Counseling and Testing Procedures
– Extract Processing and Equipment Design, and
– Proprietary Product Line(s)

“We are excited to have Cherubim as a collaborative partner in the construction of cutting edge laboratory and cultivation facilities. It’s another vital step in accomplishing our mission of providing cannabis based therapies to patients around the world.” Stated Earnest Blackmon, CEO of United Cannabis Corp.

“With their existing industry relationships and the services they offer, we believe that our relationship with United Cannabis puts us a year ahead of schedule or quite possible more.” Said CHIT CEO Patrick Johnson. “We no longer have to reinvent the wheel from a client servicing perspective as United Cannabis has already created that wheel.”

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 United Cannabis Corp.:

United Cannabis Corp. is a bio cannabinoid technologies company. It is built on scientific research, product development, and implementation of its proprietary cannabinoid therapy program. The company provides intellectual property, patent-pending technology, trusted brands, clinical data, technical training, sales tools and methodologies necessary to assist clients businesses. The intellectual property includes ACT Now Program which is a comprehensive full spectrum cannabinoid therapy guide that utilizes the entire cannabis plant by controlling specific cannabinoid ratios, accurate dosing and multiple non-invasive delivery methods. United Cannabis was founded on November 15, 2007 is headquartered in Denver, CO.

Cherubim Interests, Inc. Goes Long with its Shareholders

BEDFORD, TX / ACCESSWIRE / December 2, 2015 / Cherubim Interests, Inc. (OTC: CHIT), (“the Company”), an expansion-stage alternative construction and real estate development company, moved to protect its long-term shareholders by offering Convertible Preferred Shares.

“Over the past few weeks, we have experienced a lot of progression in our business model, due in part to our Stimulus Package and the issuance of Anti-Dilutive, Convertible Preferred Shares,” states Patrick J. Johnson, CEO of Cherubim Interests, Inc.

“Some weeks ago, the company amended its Articles of Incorporation and Corporate Bylaws to create a series of Convertible Preferred Shares in order to protect its shareholders who have securities that are ‘underwater’ after purchase in the open market,” explains Johnson.

“We devised a playbook to handle exactly this type of scenario and it has served its purpose as a road-map for charting a course through these transitionary stages,” continues Johnson.

“This route has enabled the company to remove any future compounding derivative liabilities on the balance sheet,” says Johnson. “We are now pleased to announce that the company has retired the majority of this ‘toxic’ type of debt.”

Shareholders who have been holding a minimum of 100,000 shares of Common Stock dating back to May 1, 2015, and were affected by this dilution, are asked to contact the Company at golong@cherubiminterests.com. Representatives will then arrange the verification and the issuance of convertible preferred shares.

“Obviously the Company seeks to protect the integrity of the investments made by our stockholders,” says Johnson, “as we realize that this process has impacted some of them greatly and this is a way for the company to shore up these investors.”

Principle Affiliate Debt

The Company to date has converted over a half-million dollars of its principal affiliate debt and will be filed in form 8k in the coming days. The company also expects to remove additional Principle Affiliate Debt in the very near future.

FINRA Dividend Approval

“We are currently awaiting approval from FINRA regarding our Convertible Preferred Stock Dividend, and we expect to have that finalized in short order,” closes Johnson.

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.

For more information please contact:

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

SOURCE: Cherubim Interests, Inc.

Cherubim Interests, Inc. and Major Debt Holders Agree to Convert to Preferred Stock

BEDFORD, TX / ACCESSWIRE / November 18, 2015 / Cherubim Interests, Inc. (“CHIT”) (CHIT) is pleased to announce that multiple major debt holders of CHIT have agreed to convert USD $506,806.96 of debt currently on the balance sheet to Series B Convertible Preferred Stock at a price of $2.50 per share. These supporters have been invested in the Company for some time now and were pleased to show additional support.

“By cleaning up the balance sheet and creating equity for the company, we are delivering on our promise to shareholders to make bold and significant improvements to our bottom line,” says Cherubim Interests CEO Patrick Johnson. “By eliminating over a half-million dollars in debt, the Company passes an important milestone on its journey toward meeting the $4 million shareholder equity threshold, which in turn helps in achieving all qualifications for listing on the NYSE Markets. This is just one of several important, strategic financial transactions that will enhance the Company’s position going forward.”

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.

For more information please contact:

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

SOURCE: Cherubim Interests, Inc.

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

BEDFORD, TX / ACCESSWIRE / October 5, 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 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 multi-family 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

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.

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

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.

Cherubim Interests, Inc. Introduces Hybrid Business Model

FT WORTH, TX / ACCESSWIRE / August 31, 2015 / Cherubim Interests Inc. (CHIT) (the “Company”), a development-stage alternative construction and real estate development company, today issues its stated business objectives specific to its recent entry into the controlled environment agriculture sector.

Cherubim’s primary focus is within the alternative construction, real estate development, and controlled environment agriculture sectors, into which the Company recently entered via acquisition of an exclusive worldwide license for the deployment of a proprietary plant cultivation technology.

Leveraging this exclusive license, and complementary to the operations of its wholly owned subsidiary, BudCube Cultivation Systems USA (“BCS”), Cherubim plans to construct, deploy and lease scalable cultivation facilities for commercial applications.

As the Company pursues existing and future market opportunities in this sector, Cherubim is positioned to take advantage of increasing demand for grow space to accommodate cannabis and other plant species, and will primarily focus on real estate acquisition and development of single, multi-family and commercial rental properties, and portable, scalable plant cultivation facilities.

MINI-STORAGE BUSINESS MODEL

Cherubim’s business model is similar to that of mini-storage companies by leasing secured square footage to individuals and corporations who need it. The company however has a hybrid format in which it will be offering both single tenant or “macro solutions” as well as the traditional multi-tenant or “micro solutions” as its platform.

Single Tenant “Micro” Application: Cherubim Interests will enters into an agreement whereby it will provide a total cultivation solution to a sole tenant. The company will acquire and develop the land required and deploy a “macro” solution to square footage specifications required by that tenant.

Multi-Tenant “Macro” Application: Cherubim Interests will select various land positions across the United States and develop and open select secured locations where multiple tenants can lease “micro” solutions to individuals. Each location will have varying sizes based on market research relative to geographical area.

Specific to Cherubim’s interests, the industrial real estate market in Colorado is booming as pot merchants scramble to find ample warehouse space to house their legal cannabis cultivation. Demand for grow space far outweighs vacant space, driving leasing rates to $17 per square foot or more in Denver – roughly quadruple average industrial space rates of $4.74 per square foot. Demand is expected to climb as Colorado state budget officials project recreational pot sales of $613 million over the next year, up more than 50 percent from previous projections.

“Even though we will first market test leasing units in the legal cannabis industry, there are many other practical applications for this technology,” stated Cherubim CEO Patrick Johnson. “Across the globe, massive food shortages exist due to extreme drought conditions and this application will serve this market niche as well in the future. As we continue to build and prove out our leasing platform, we will at a later time be able to offer the same solution for individuals and corporations who seek to grow their own produce, with so many issues surrounding concerns about produce our grocers are currently selling to us.”

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.

Cherubim Interests, Inc. Subsidiary Sub-Contracts Roofing Work From Insurance Restoration GC

DALLAS, TX–(Marketwired – Sep 29, 2016) – Victura Roofing LLC, (“VR”) a subsidiary of Cherubim Interests, Inc. ( OTC PINK : CHIT ) (“the Company”), an expansion-stage alternative construction and real estate development company, announces that it has begun providing turnkey roofing services for Cherubim Builders Group LLC. (“CBG”), a well-seasoned Insurance Restoration General Contractor in the DFW- Metroplex.

CBG is a wholly owned subsidiary of Victura Construction Group Inc., ( OTC PINK :VICT ). CBG has three wholly owned subsidiaries in its umbrella: Watermasters Restoration, Inc.; Metroplex Home Repair Inc. dba Gregg Construction, and Designer Lane, LLC. The Companies each are organized for the purpose of providing general contracting services within the residential and commercial construction industry. The companies also provide residential water, fire and storm restoration and reconstruction services for multiple nationally recognized insurance providers. Designer Lane specializes in design services and product sales for residential and commercial reconstruction and remodeling, specializing in custom kitchens, cabinets, counter-tops, built-ins, bathrooms and outdoor living areas.

“We are excited about the relationship with CBG,” states CHIT CEO Patrick Johnson. “Victura Roofing is excited to be a single-source roofing subcontractor for a well-seasoned organization. We expect the two entities to feed off one another as they each focus on separate insurance-industry restoration subsets. Victura Roofing will provide roofing services for CBG, but will also be a great source of other general construction opportunities in the restoration industry that CBG can benefit from due to their ability to manage restoration projects under insurance contractor program guidelines. Most times in catastrophic situations such as extreme hail events, roofing companies encounter additional work that needs to be performed on damaged homes. These additional work opportunities can be then subcontracted back to CBG when applicable,” states Johnson.

About Victura Construction Group

Victura Construction Group, Inc. ( OTC PINK : VICT ), is a holding company focused on strategic acquisitions within the construction industry that service both residential and commercial sectors in new development and construction projects, insurance restoration and re-build following any covered loss or catastrophic event and materials supply opportunities within the industry.

Victura operates with excellent business practices and management expertise, sound ethics, financial resources as applicable, and utilizes strategic industry relationships to help add to the success of any acquired company(s).

About CBG (Cherubim Builders Group)

CBG has three wholly owned subsidiaries in its umbrella that provide general contracting services within the residential and commercial construction industries and also provide residential water, fire and storm restoration and reconstruction services for the insurance industry.

The companies can be found at www.victuraconstruction.com

About Victura Roofing

Victura Roofing is led by industry professionals with a 20-year track record of success and a well-established platform for market business opportunities in the Dallas/Ft. Worth Metroplex.

The company can be found at: www.victuraroofing.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.

Cherubim Interests, Inc. Subsidiary and United Cannabis Corp. Collaborate To Design and Deploy Mobile Extraction Laboratory For The Cannabis Sector

DALLAS, TX–(Marketwired – Oct 31, 2016) – Budcube Cultivation Systems (BCS), a subsidiary of Cherubim Interests, Inc. ( OTC PINK : CHIT ) (the “Company”), an expansion-stage alternative construction and real estate development company, announces that it has partnered with United Cannabis Corp ( OTCQB : CNAB ) to design, construct and deploy mobile extraction laboratories to service the cannabis sector.

The companies expect to begin construction and assembly of the laboratories in the coming weeks, and should begin shipping the first units by year-end.

Earnest Blackmon, United Cannabis’ Chief Executive Officer, commented on the announcement, “The opportunity to partner with Budcube is one we couldn’t pass up. We leveraged their construction experience with our cultivation and processing expertise, to design a fully-functioning laboratory grade facility that fits in a mobile trailer. The end result is a product that not only serves our needs, but serves a growing demand within the industry.”

Blackmon went on to say, “We’ve spent the past year doing the groundwork, establishing relationships and securing the necessary licenses and permits to launch our operation in Jamaica with our partner CRD, and this mobile extraction lab will give us the platform we need to initiate the project. Once it’s delivered, we’ll have a state-of-the-art turnkey facility that will enable us to begin processing plants for terpenes and other compounds, all of which will set us up to manufacture our Prana line and Blue River Extracts products for distribution across Jamaica.”

“We are thrilled about our strategic alliance with United Cannabis because it immediately give us credibility within the cannabis sector,” said CHIT CEO Patrick Johnson. “And more importantly because it opens up another lucrative niche market within the sector where we can apply our diversified construction knowledge and expertise. We will release conceptual drawings of these labs in the coming weeks.”

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 United Cannabis Corporation

The Company’s Prana Bio Medicinal products provide patients a simple, safe, accurate, and easy way to mix and match cannabinoids for therapeutic purpose. These products are broken into 5 easy to follow categories that are available in capsules, sublinguals, and topical delivery methods. The company uses a patent-pending infusion process utilizing select fatty acids, lipids, and specific combination of cannabis derived terpenes to increase bioavailability. Prana Bio Medicinal products are NON-GMO, ethanol free, alcohol free, glycerin free, gluten free, 100% naturally derived, chemical-free, solventless, and hypoallergenic.

For further information, please visit www.unitedcannabis.us.

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 enter this sector.
For more information, visit www.cherubiminterests.com/budcube/