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Cherubim Interests Inc (OTCMKTS:CHIT) Floored Back to $0.0001
by Todor Pichurov January 6, 2016

There really is precious little to be surprised about here, considering the hole that CHIT dug itself in over 2015. The first and most important factor here is dilution. Back in late July 2015 the company had 58.6 million outstanding common shares. By Aug 31 that number was up at 125 million.

In mid-October the company upped its authorized shares to a mind-boggling 5 BILLION. A little scary given the company had just 0.1 billion OS not two months ago, isn't it? It actually is, especially considering what CHIT did by the end of calendar 2015.

A Schedule 13-G published on Dec 30 reveals that a certain DTS Partners LLC holds a massive 200,000,000 CHIT common shares. Those 200 million comprise 6.1% of the company's outstanding stock, according to the filing. This would peg CHIT's outstanding common shares as of the end of 2015 at somewhere around 3,000,000,000 or 3 BILLION.

Going from 58 million to 3 billion over the span of five months and diluting your retail shareholders some 5000% could be enough of a feat to scare most anyone away from the stock.

The fact that CHIT's latest balance sheet is deplorable does not help either. Here is what the company reported in its annual for the year ended Aug 2015:

$16 thousand in cash
$19 thousand in total company assets
ZERO in annual revenues
$915 thousand in annual net loss

The summation of the above should shed some light on why CHIT remained locked in sub-pennies for months on end and eventually slid to rock bottom at $0.0001.

http://www.hotstocked.com/article/92438/cherubim-interests-inc-otcmkts-chit-floored-back.html
 




CHERUBIM INTERESTS (OTC: CHITD) SHARE STRUCTURE
 

Following Recent 1 - for - 20,000 Reverse Split
https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm

http://otce.finra.org/DailyList

 

Transfer Agent
Pacific Stock Transfer / Tel: (702) 361-3033 / Toll-Free: (800) 785-PSTC
http://www.pacificstocktransfer.com/contact/

 
Authorized Shares 15,000,000,000 a/o Jul 28, 2017
Outstanding Shares 9,541,138 a/o Jul 28, 2017
Outstanding Shares 12,202,353 a/o Aug 1, 2017
Outstanding Shares 12,407,759 a/o Aug 3, 2017
Outstanding Shares 12,888,834 a/o Aug 11, 2017
Outstanding Shares 14,645,202 a/o Aug 16, 2017
Outstanding Shares 707,121,769 a/o Oct 24, 2017
Outstanding Shares    
Outstanding Shares    
Outstanding Shares    
     
 
 


1 - for - 20,000   REVERSE SPLIT APPROVED ON MAY 31, 2017


On May 31, 2017, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 20,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of May 31, 2017, will receive one (1) share of common stock for each twenty thousand (20,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHERUBIM INTERESTS, INC.

Date:  May 31, 2017

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878217000806/pre14c053117_pre14c.htm
 



1 - for - 30,000   REVERSE SPLIT APPROVED ON FEBRUARY 9, 2016


On February 9, 2016, our board of directors and holders of a majority in interest of our voting capital stock approved a 1-for 30,000 reverse split of our common shares (“Reverse Split”). This approval is anticipated to be effective 20 days after this Information Statement has been distributed to our shareholders.

As a result of the Reverse Split, each shareholder of record as of February 9, 2016, will receive one (1) share of common stock for each thirty thousand (30,000) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHERUBIM INTERESTS, INC.

Date:  February 9, 2016

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878216002298/pre14c020916_pre14c.htm

 




1 - for - 15   REVERSE STOCK SPLIT APRIL 27, 2015


Pursuant to an Agreement and Plan of Reorganization dated April 27, 2015, the Company agreed to acquire all of the membership interests of Cherubim Interests, LLC, a limited liability company, from Victura Construction Group, Inc. (“Victura”). Victura is an affiliate of Patrick Johnson, a director and President of the Company, and is a non-reporting public company trading under the symbol VICT. The acquisition closed on April 27, 2015. Pursuant to the acquisition, the Company has (a) effected a 1-for-15 reverse stock split, such that the 83,626,881 outstanding shares of common stock will be reclassified as 5,575,125 shares of new common stock;

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  April 29, 2015

CHERUBIM INTERESTS, INC.

By:  /s/ Patrick Johnson                  
Patrick Johnson
Chief Executive Officer


https://www.sec.gov/Archives/edgar/data/1421865/000107878215000653/f8k042915_8k.htm
 


 




 



Cherubim Interests is a publically traded company under the ticker symbol CHIT

Profile

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.

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 http://www.budcube.com
 

BudCube Cultivation Systems USA has developed a proprietary controlled environment cultivation technology aimed at helping cultivators of legal medical and recreational cannabis, as well as other plant species, meet rising market demand. Coupled with the real estate development and property management business model of parent company Cherubim Interests, Inc., BudCube is able to offer prospective cultivators quick entry into the rapidly expanding cannabis cultivation market at a price point that is extremely attractive when compared to traditional construction solutions.

BudCube’s business model is unparalleled in the cultivation industry. Cherubim Interests will own and develop each property, while BudCube will construct, deploy and lease turn-key cultivation systems to tenants. The company plans to offer both single tenant ‘macro’ solutions and multi-tenant ‘micro’ solutions to meet the unique needs of both established and upstart cultivation operations. As demand for medicinal and recreational marijuana continues to climb in legal markets across North America, this strategy is expected to provide an opportunity for Cherubim and BudCube to promote considerable financial growth. In the future, the company also expects to apply its innovative licensed technology to other market niches in order to better address global food shortages and rising concerns about the origins of fresh produce.
 

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 turnkey cultivation facilities to new and existing market participants in “mini-storage” or “co-op farming,” as well as single tenant or “big box” concepts.

Multi- Tenant (Co-Op) Concept

The multi-tenant concept allows for multiple tenants to rent individual, self-contained BCS cultivation units at a secure location staffed with management, maintenance, and security personnel. BCS will offer either facilities constructed of retrofitted shipping containers (Image Here) or Via modular building components (Image Here). Local zoning variances, climate and logistics, will determine which application the company will use.

Single Tenant (Big Box) Concept

The single-tenant concept allows for an entity to enter into a long-term lease agreement with an option to purchase the facility (plus land if applicable) at the end of the lease term for a sales price determined considering fair market value. This is a much larger square footage concept with construction techniques and materials determined on a case by case basis. (Image Here)

Through strategic alliances BCS Leasing Centers will offer the following services to consumers:

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

 

Meet the Leadership Team

Patrick Johnson: Chief Executive Officer

Patrick Johnson majored in Journalism and Communications at the University of Oregon from 1994 to 1997, and attended the Craig James Broadcast School in 2000. Johnson has held C-Level positions in the oil and gas, construction, consumer products, and nutraceutical industries in both public and private sectors, as well as consulting in the private equity, mining, gaming, entertainment, Internet, and corporate finance industries. Patrick has assisted several charities and non-profit organizations with his volunteer and fund raising efforts. During his NFL career, Patrick pledged money for the Baltimore Ravens/Police Athletic League Challenge of Champions, modeled in a Tommy Hilfiger Fashion Show to help raise money for the Living Classrooms Foundation of Baltimore, an educational program that targets at-risk youth, and also spearheaded the fifth annual “Baltimore Reads Books for Kids Day” at Baltimore Polytechnic High School in 2000, helping the group collect nearly 25,000 children’s books that were distributed to low-income families. Patrick was a two-sport athlete at the University of Oregon, excelling in both football and track, winning numerous awards and championships during his collegiate athletic career. As an Olympic caliber sprinter, Johnson won the Pac-10 Championships in the 400 meters, an NCAA All-American at 100 and 200 meters, and defeated the legendary Carl Lewis in a 100-meter race at the Drake Relays in 1995. As all Pacific – 10 / All American wide receiver and kick returner at Oregon, he was Offensive MVP of the 1997 Las Vegas Bowl and was also a member of UO’s 1994 Rose and 1995 Cotton Bowl teams. Johnson was inducted into the University of Oregon Athletics Hall of Fame for both sports in 2014, and was the 42nd overall pick in the 1998 NFL draft. Johnson also earned a Super Bowl ring when the Baltimore Ravens defeated the New York Giants 34 -17 in Super Bowl XXXV.

 

The current short term opportunity is based soley on the legalization of Oregon Medical and Recreational Cannabis.

  • Medical cannabis sales represents a market of $60 mm/year.
    Recreational cannabis sales represents a market of $550-600 mm/year.
    Demand for technology is strong.
    Demand is outpacing capacity in the short run.















PRESS RELEASES
 

Cherubim Interests Inc. Acquires Flagship Property for Launch of Technology and Business Concept

PORTLAND, OR -- (Marketwired) -- 10/17/17 -- Cherubim Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction and real estate development company, announces that it has acquired its Flagship location to deploy its BudCube Cultivation Systems technology and hybrid business concept. The property, located in Lowell, Oregon, will serve as the company's flagship leasing center, comprising of more than twenty acres zoned F2 or Impacted Forest Land. F2 zoned property is primarily resource land to be used for forestry, agriculture and related activities. 

The property is also located across the street from Fall Creek Farm and Nursery, the world's leading blueberry nursery stock and breeding company, providing the industry's best blueberry genetics, plants & technical support to commercial fruit growers around the globe and situated less than twenty minutes from Interstate- 5 freeway, one of the largest major interstate roadways in the United States. 

"We are excited to acquire this property because it is already zoned for agri-business, removing the need for any additional zoning variances," says Patrick Johnson, CEO of CHIT. "This gives us the ability to offer an extremely private and secure environment for our tenants with enough acreage to deploy both single and multi-tenant business concepts moving forward." This property is a rare find and we are very fortunate to have it in the fold."

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 turnkey cultivation facilities to new and existing market participants in "mini-storage" or "co-op farming," as well as single-tenant or "big box" concepts.

"The company initially conducts research to determine land purchase and improvements, as well as construction and deployment to location for leasing," says Patrick Johnson, CEO of CHIT. "These modules 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."

Multi-Tenant (Co-Op) Concept The multi-tenant concept allows for multiple tenants to rent individual, self-contained BCS cultivation units at a secure location staffed with management, maintenance, and security personnel. BCS will offer either facilities constructed of retrofitted shipping containers (Image Here) or Via modular building components (Image Here). Local zoning variances, climate and logistics, will determine which application the company will use.

Single Tenant (Big Box) Concept The single-tenant concept allows for an entity to enter into a long-term lease agreement with an option to purchase the facility (plus land if applicable) at the end of the lease term for a sales price determined considering fair market value. This is a much larger square footage concept with construction techniques and materials determined on a case by case basis. (Image Here)

"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, 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 Cultivation Systems 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 mom and pop businesses into full scale production in a matter of months."

Through strategic alliances BCS Leasing Centers will offer the following services to consumers:

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

"What makes this hybrid business model so compelling is that our facilities will command extraordinary high rental rates per square foot due to rental rates being charged in the cannabis industry across our nation," said CHIT CEO Patrick Johnson. "Our concept, once deployed, will offer investors exponentially high rates of return compared to most traditional commercial real estate assets, and also increasing the companies' valuation significantly faster than traditional commercial assets would in the same scenario for our stockholders."

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


 

Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Investments LLC 

Company Poised For Strategic Growth

PORTLAND, OR--(Marketwired - Sep 5, 2017) - Cherubim Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction, and real estate development company, announces that it has signed an equity purchase agreement (EPA) with GHS Investments, LLC, an institutional investor. The capital will create significant growth capital for CHIT, enabling the execution of its business plan, on favorable terms.

Under terms of the agreement, CHIT has the right, but not the obligation, to sell up to $7 million of its common stock to GHS, in an amount that the Company determines. Patrick Johnson, CEO of CHIT, said, "We intend to use this new infusion of cash from GHS to expand our business model of real estate development and property management."

Johnson further stated: "This move is important because it has resulted in a significant improvement of the terms under which we can access capital on an as and when needed basis." The Company intends to use the capital for strategic growth such as acquiring real estate to construct a state of the art production and distribution hub for BudCube Cultivation Systems technology as well as acquiring additional real estate assets in order to deploy the BCS business concept. 

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 GHS Investments LLC

GHS Investments, LLC, is a leading private investment and management group providing financing solutions for high potential small cap enterprises.

For more information, visit: https://ghscap.com/







 

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CHIT News: Current Report Filing (8-k) 10/20/2017 06:06:47 AM
CHIT News: Amended Annual Report (10-k/a) 08/10/2017 05:08:30 PM
CHIT News: Securities Registration: Employee Benefit Plan (s-8) 08/10/2017 02:29:37 PM
CHIT News: Amended Quarterly Report (10-q/a) 08/09/2017 03:20:14 PM
CHIT News: Current Report Filing (8-k) 08/08/2017 06:03:44 AM
PostSubject
#17185  Sticky Note Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Rsarabjit 01/07/18 03:17:06 PM
#16635  Sticky Note MJ/BITCOIN !! HIGH 00's POSSIBLE ZipCash 01/03/18 10:24:18 AM
#10630  Sticky Note Pump & Dump Superstar Attorney, Jehu Hand, Indicted FunkyCoolModena 02/15/16 07:38:47 PM
#17582   Good but that's only the beginning and so STKS4LYFE 01/15/18 10:58:41 PM
#17581   10K/A August 2017 - "Revenue and Cost of Rsarabjit 01/15/18 10:46:25 PM
#17580   I was actually being sarcastic. WAR_CTR4Hire 01/15/18 10:28:55 PM
#17579   Hope I can scoop a couple more mill. jstmrneedy 01/15/18 09:37:00 PM
#17578   There is a lot less on the ask Rsarabjit 01/15/18 09:14:21 PM
#17577   .01 is very likely since $CHIT is thin Rsarabjit 01/15/18 09:13:11 PM
#17576   Yes cant wait for the second leg. Easily Rsarabjit 01/15/18 09:12:25 PM
#17575   Major social media buzz on twitter with $CHIT. Rsarabjit 01/15/18 09:10:37 PM
#17574   also etrade GodInTheHeavens 01/15/18 08:12:04 PM
#17571   I would bet contracts will go from smallest jstmrneedy 01/15/18 07:38:50 PM
#17570   If u don’t know... now u know $$$$ slickinvest 01/15/18 07:09:12 PM
#17569   Chit is the chit tmr. Bounce time $$chit slickinvest 01/15/18 07:07:51 PM
#17568   It’s gonna be the new Big 3. $$$$ slickinvest 01/15/18 07:06:54 PM
#17565   TDA jstmrneedy 01/15/18 06:19:42 PM
#17564   CHIT is next on the list-VICT popped Friday- getmoreshares 01/15/18 06:17:08 PM
#17563   what brokers are allowing BUYS??? Fidelity or TDA? getmoreshares 01/15/18 06:15:02 PM
#17560   Right. I know how this CHIT works. For Huggy Bear 01/15/18 05:22:35 PM
#17559   I appreciate your dedication here as you have WAR_CTR4Hire 01/15/18 05:07:55 PM
#17558   Beware of the serial CHIT scam. Nothing Huggy Bear 01/15/18 04:58:55 PM
#17557   I'm in Heavy on CHIT and PDXP, wasn't jstmrneedy 01/15/18 03:45:15 PM
#17556   It's going great, but can't wait till we STKS4LYFE 01/15/18 03:43:17 PM
#17555   $CHIT has the best potential for best ROI STKS4LYFE 01/15/18 03:42:30 PM
#17554   CHIT is up next. Get ready. 100mil jstmrneedy 01/15/18 03:39:01 PM
#17553   hope everyone is having an awesome 3 day weekend GodInTheHeavens 01/15/18 01:13:37 PM
#17552   Cherubim Interests, Inc. Address To Shareholders Link: https://globenewswire.co Rsarabjit 01/15/18 01:03:03 PM
#17551   Cherubim Interests Inc (OTCMKTS:CHIT) Is Today’s Penny Stock Rsarabjit 01/15/18 12:56:56 PM
#17550   Agreed..I grabbed more 7s Friday average is .0004 LongtermLopes 01/14/18 06:16:35 PM
#17549   It's all in the works. Can't believe how STKS4LYFE 01/14/18 04:07:19 PM
#17548   Can’t wait till Patrick starts focusing on this Backstabbed 01/14/18 11:33:54 AM
#17547   Share Reduction goimg to happen through Buyback after jstmrneedy 01/14/18 08:57:10 AM
#17546   i think that caught everyone off guard GodInTheHeavens 01/14/18 01:52:54 AM
#17545   We’ve had a bunch lately and it’s driving pennystockbrad 01/13/18 10:07:43 PM
#17544   Oh ya totally forgot about it, thanx! slickinvest 01/13/18 09:52:43 PM
#17543   Monday doesn’t help. It’s a three day weekend. pennystockbrad 01/13/18 07:17:21 PM
#17542   Can’t wait, is it Monday yet $$ slickinvest 01/13/18 06:05:33 PM
#17541   im feeling it boys, news next week GodInTheHeavens 01/13/18 04:28:31 PM
#17540   no love GodInTheHeavens 01/13/18 04:25:46 PM
#17539   Hoping that chithole does not come to fruition. crossball 01/13/18 03:31:22 PM
#17538   If this takes off, I am wondering who crossball 01/13/18 03:15:13 PM
#17537   With OS at 600mil and Float at 200mil. jstmrneedy 01/13/18 02:31:36 PM
#17536   If Patrick cleans up the share structure, reduces Backstabbed 01/13/18 02:17:11 PM
#17534   Thinking .01+ by next week $$ slickinvest 01/13/18 01:19:03 PM
#17533   I agree this will go up and it Mrvince 01/13/18 11:42:21 AM
#17532   No doubt KeepItRealistic 01/13/18 11:01:22 AM
#17531   Nope! But this will move regardless Backstabbed 01/13/18 10:57:24 AM
#17530   Anyone have an idea what the OS is KeepItRealistic 01/13/18 10:53:13 AM
#17529   He needs to get the filings in order KeepItRealistic 01/13/18 10:51:06 AM
#17523   All Patrick Johnson tickers are complete SCAMS. Huggy Bear 01/12/18 07:18:10 PM
#17522   AGREE- CHIT is the last on the list--its NEXT--IMO getmoreshares 01/12/18 07:16:22 PM
#17520   I am expecting Patrick to clean up this Backstabbed 01/12/18 06:32:12 PM
PostSubject