Cherubim Interests, Inc. Subsidiary and United Cannabis Corp. Collaborate To Design and Deploy Mobile Extraction Laboratory For The Cannabis Sector
Marketwired October 31, 2016
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.
