Cherubim Interests Inc (CHIT)

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http://finance.yahoo.com/news/cherubim-interests-inc-address-shareholders-184542951.html;_ylt=A0LEV1Ee81JYUT4AMMvBGOd_;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--

Cherubim Interests, Inc. Address To Shareholders

Marketwired MarketwiredDecember 15, 2016
DALLAS, TX--(Marketwired - Dec 15, 2016) - Cherubim Interests, Inc. ( OTC PINK : CHIT ) ("the Company"), an expansion-stage alternative construction and real estate development company, announces its year-end letter to shareholders.

Shareholders,
Whilst developing our hybrid business model we initiated a stimulus program that was ultimately intended to enhance net stockholders' equity and serving as a playbook to attract and acquire investment and equity into Cherubim Interests Inc. Following this playbook, the company is delighted to provide an update on our progress and ongoing quest for added corporate and shareholder value.

Acquisitions

We successfully acquired vital revenue producing asset Victura Roofing LLC, which jumpstarted our roofing footprint in the DFW Metroplex while also unlocking an immediate expansion opportunity into the Oklahoma City region with the acquisition of Cherubim Builders Group LLC (Oklahoma). The company looks to begin expansion into the OKC region once storm season approaches in early 2017. Since the acquisition of Victura Roofing in March of 2015, the company has added a very strong cash flow to our balance sheet of over Two-Million ($2,000,000) USD.

Real Estate Development

Cherubim Inc. has also identified and subsequently put under contract to purchase real estate in Eugene, Oregon. This will thus be utilized to implement the grand opening of BudCube Cultivation Systems (BCS) "Cultivation Center" business concept in 2017.

Ventures

We have subcontracted two large-loss residential reconstruction projects totaling in excess of $400,000 USD, formed a strong partnership with United Cannabis Corp in order to design, construct and deploy mobile extraction laboratories to service the cannabis sector, and executed a Letter of Intent with Sperry Van Ness/TJF Investments.

Mobile Testing and Extraction Laboratories

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, said of 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 also 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."

Sperry Van Ness / TJF Joint Venture

Cherubim Interests Inc. has executed a Letter of Intent with Sperry Van Ness | TJF Investments. The companies are engaged in a promising joint venture within the Dallas/Fort Worth Metroplex which will ultimately develop, construct, and lease several yet to be determined single-family residences which will then be divested to a pre-determined purchaser for amounts based on cap rates conducive to their respective geographic areas.

S-1 Registration Statement

On November 22, 2016 the company entered an Investment Agreement with Tangiers Global, LLC, in which Tangiers has agreed to purchase up to five million dollars ($5,000,000) of the Company's common stock via S-1 registration statement. Legal is currently drafting all documentation and the company expects to begin the filing process in early 2017.

Debt Reduction

Cherubim Interests has been able to successfully retire both affiliate and non-affiliate debt from the company's balance sheet. Since May 31, 2015 the company has successfully eliminated over $2,000,000 of affiliate and non-affiliate debt from the company's books.

Dividend

We have also created a series of Anti-Dilutive, Convertible Preferred Shares in order to protect our majority stakeholders. This move insulates them from past, present, or future dilution in the open market by providing these anti-dilutive securities as a dividend payment. We will be addressing the dividend for all shareholders of record early in the new year.

Senior Exchange

Cherubim is looking add the net equity necessary to uplist to either NYSEMKT or NASDAQ organically through its real estate development agenda, or by prospecting for acquisitions of assets via convertible preferred stock.

Go Forward Strategy

The 'go forward' strategy is to continue to increase and add revenue through our roofing and general construction business models, further develop the BCS business concept, and adding net-equity to the balance sheet organically or by acquisition being the final task before selecting the appropriate exchange and making application for uplist.

The company is happy to report on milestones that the company has acquired valuable construction assets which have added immediate revenue production, not to mention traditional insurance restoration opportunities which remain plentiful in our specific region. On a personal note I have to say I am delighted to address our valued shareholders on the above noted milestones and would like to take the opportunity of reiterating our genuine commitment to further strengthening the company and growing corporate equity. The company wishes all of its shareholders a warm and peaceful Happy Holiday and prosperous New Year.

Warm Regards,
Patrick Johnson
CEO