CHIT - making moves and will leqve trips very soon. .008 and 8s are thin very thin up in general
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