Cherubim Interests Inc (CHIT)

[Rsarabjit]

The Company has also executed a financing commitment of $100,000,000 to launch Initial Coin Offering for The Self Sustaining Intentional Communities Coin  (Symbol SJT) The SJT Cryptocurrency is designed for cooperative living, working and healthier lives and offers extensible diversity in the use of the coin over current coins like Bitcoins for both financial and societal gain. The sale of the coins will generate the capital to create self-sustaining intentional communities across the US and across 57 nations.  Municipal and rural infrastructures may be improved through the investment into eco-friendly housing and businesses that create products and services for the benefits of the community and to consumers. The sale of the goods and services will generate revenue that is reinvested back into every developed community.

The SJT coin will be the method of financial transactions within the intentional community and with its vendor partners. (White paper here) https://drive.google.com/file/d/1MdA80YlJ2GHcTvUGpA9sv0tCYkwjEFni/view?usp=sharing

“Holders of the coin will gain in profit sharing from this type of models where their digital wallets will be loaded with their percentage distribution of the allocated profit sharing pools. The coins can be used to purchase items in the community as well as with vendors accepting of the coin, to make the coin a true currency that is actively used by community members,” said Elder Jeffre Saint James, Trustee of Saint James Holdings and Investment Company Trust.

“The ability to create a viable alternative lifestyle in sustainable green buildings, renewable energy systems, independent clean water, co-op housing, employment, and organic farming for supportive manufactured products is a very meaningful and humbling venture to be a part of,” said CHIT CEO Patrick Johnson.

The companies have also agreed to add two new representatives from the trust to its board of directors, respectively.

“Once our audit is completed we will begin the process of application to either NYSE or NASDAQ  and will begin debate once the new board is ratified,” said Johnson.

Cherubim Interests, Inc. Acquires $250,000,000 in AAA Rated Assets to Bolster Balance Sheet

DALLAS, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Cherubim Interests, Inc. (OTC:CHIT) (“the Company”), an expansion-stage alternative construction and real estate development company, announces that it has acquired 5,441 trust units from NVC Fund LLC a Delaware, LLC (“NVC”), a Trust Manager of NVCFUND Holding Trust, respectively.

On October 7, 2017, Standard and Partners, a respected Auditing firm appraised and valued the NVC FUND Holding Trust business in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Foundation and the International Valuation Standards (IVS) published by the International Valuation Standards Council covering the last 3 years. The Fair Market Value of One Trust Certificate Unit was appraised and valued at Forty-Eight-Thousand-Eight-Hundred and-Eighty-One US Dollars ($48,881).

On October 15, 2017 Saifur Rahman and Associates scored NVCFund Holding Trust a credit rating of 1.2 ("AAA" equivalent), meaning a Prime Investment Grade Rate. The financial score of 0.5 and Business and Industry risk is 1.0 and is accompanied by the favorable Country risk and Management risk leading to a final credit rating score of 1.2.

Said CHIT CEO Patrick Johnson: "The acquisition of these AAA rated NVC Assets with convertible preferred stock is a great way to bring substantial Net Asset Value to the company's books.  The company now possess the financial backbone to enhance our business capabilities exponentially moving forward.”

The companies have scheduled an escrow closing for the transfer of securities.

About NVCFUND Holding Trust

NVC Fund Holding Trust is a private equity investor in Natural Resources, Rare Earth, Oil and Gas, Entertainment, Real Estate Development, Private Banking, Trust Management, Wealth Aggregation, Investment Trading, Blockchain Technology, Fintech Cryptocurrency and Business Financial Services. We are a diversified investment holding trust.

Founded in 2000, NVC Fund Holding Trust is one of the largest and fastest-growing private equity investment firms in the world in terms of Asset Holdings. NVC FUND HOLDINGS entities  manage assets supported by CPA firm audited financial statements valued over USD 10 Trillion Dollars of Net Asset Value. 

The company can be found at: http://nvcfund.com/Home.html

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
[phone]
[e-mail]

https://stjameshdinvtrust.coRevenue and Cost of Goods Sold

 

Our gross revenue for the three and six month period ended May 31, 2017, was $254,687 and $1,044,831, compared to $27,937 for the same periods in fiscal 2016. Revenues and cost of goods sold in the current year were the result of the acquisition of VICT in February 2016 which began revenue generating activities in June 2016.

BITCOINCherubim Interests Inc (OTCMKTS:CHIT) Is Today’s Penny Stock Focus

ByJarrod Wesson

Posted on January 9, 2018

 

 

 

 

 

COMMENTS

Today, we need to talk about one of the most exciting surprises in the market in 2018. We are talking about the share price jump of Cherubim Interests Inc. (OTCMKTS:CHIT), which runs alternative construction projects and also has business interests in the marijuana and cryptocurrency sectors.

Company Logo – Cherubim Interests Inc OTCMKTS:CHIT

The recent share price action seems to be drawing the attention of many market participants in the new year. On January 3, 2018, the share price spiked up from $0.0002 to touch the level of $0.0009 in the same session. But, that is not all. In our opinion, the most significant is the trading volume on that day, which was equal to more than 0.5 billion shares, which our readers need to note. We believe that it is a clear indication of the growing market interest in this name. Have a look at the share price move and form your own opinion:

1-month chart for CHIT

What’s going on? On January 3, 2018, the company signed a letter of intent to acquire $250,000,000 in assets from NVC Fund LLC. Additionally, the company noted a financing commitment of $100,000,000 to launch Initial Coin Offering for The Self Sustaining Intentional Communities Coin. Both news seemed to excite the market participants. In this article, we will provide a detailed explanation.

Business

Cherubim Interests Inc. was founded on September 27, 2006, in Nevada and is headquartered in Bedford, Texas. Cherubim Interests is specialized in commercial, single and multifamily dwelling opportunities for investment purchase. Cherubim Interests is focused on covering the entire spectrum of development – including due diligence, acquisition, planning, construction, renovation, and property management. This is the business objective which is shown in the company materials. The range of activities is quite broad, so we will try to focus on what seems to be interesting the market.

First of all, we need to talk about BudCube Cultivation Systems USA. This subsidiary has developed a Proprietary Controlled Environment Cultivation Technology that serves as an outdoor turnkey solution for cultivators of legal medical and recreational cannabis. We could read in the company materials that Oregon is being used as “expansion model,” and afterward the company plans to go to Nevada, California, Washington, D.C., and Canada.

If you are not aware of the current state of the marijuana sector, read this carefully. We are talking about a market with an estimated size of more than 35 billion, which is growing at a high pace. Every time a new State legalizes some form of cannabis, the legal market enlarges, and the opportunities grow for companies like CHIT. That’s not all. The price of marijuana stocks also increases. Check, for example, what happened recently after the legalization of recreational marijuana in California on December 31, 2017. Read some of our articles if you want to get to know more about it. It will help you understand what can be going on with this name.

That’s not all. BudCube Cultivations Systems seems to have signed new agreements with other companies operating in the cannabis sector. One of these groups is United Cannabis Corp (OTCMKTS:CNAB), which agreed to provide to BudCube Cultivations Systems fee-based consulting services including cultivation and inventory control and management systems among other services. The fact that the company works with relevant players in the industry, like CNAB, which has been operating since 2007, is very positive. In our opinion, it shows that it has already developed know-how and recognition in the sector.

Another subsidiary that should be mentioned is Victura Roofing LLC, which is located in Dallas and specializes in storm-related property damage claims for both residential and commercial customers.

Recent Developments

On October 17, 2017, CHIT showed to the market that it was seriously growing the business. It released the acquisition of Flagship location to deploy its BudCube Cultivation Systems technology and hybrid business concept. It is located in Lowell, Oregon, and will serve as a leasing center with more than twenty acres zoned F2 or Impacted Forest Land. The most interesting is that the property is located close to Fall Creek Farm and Nursery, the world’s leading blueberry nursery stock and breeding company. Patrick Johnson, CEO of CHIT, explained why this fact is significant:

“We are excited to acquire this property because it is already zoned for agribusiness, removing the need for any additional zoning variances. 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.”Source

What will be coming after the acquisition?

It was said that research needs to be done to determine the land purchase and improvements besides construction and deployment of the location for leasing. The company will need to release to the market the amount of space that will be leased. This figure will be significant, as it will tell us the amount of potential production. We will be alert, as it could surprise the market and make the share price run.

There is more.

On December 19, 2017, Patrick Johnson, CEO of CHIT, released an update for the shareholders. The most interesting is that the company has been able to capitalize on tornado and hail damage with Victura Roofing while also establishing additional revenue streams within the cannabis sector. Additionally, we got to know that the company is in negotiations to retain another audit firm after the previous one resigned.

That’s not all.

We believe that it was fascinating that the company has been able to retire both affiliate and non-affiliate debt from the company’s balance sheet. It was noted in the update. Additionally, maybe $245,000 of toxic debt could be eliminated, and the company is also seeking to write off over $500,000 of unclaimed debt. If this news is confirmed, the financial risk will be reduced, which should be appreciated by the market. Thus, be alert in this regard.

Finally, the most remarkable news came out. On January 3, 2018, the company released a Letter of Intent to acquire $250,000,000 in assets from NVC Fund LLC, a Delaware, LLC, a wholly owned subsidiary of NVCFUND Holding Trust, respectively. We agree with CHIT CEO, Patrick Johnson, who said that the acquisition is an excellent opportunity for the company, as it could bring substantial assets. It should enhance the balance sheet, and the market would appreciate it. Be alert on the news regarding this LOI, as a more definitive agreement could make the share price spike.

Additionally, the company noted the financing commitment of $100,000,000 to launch Initial Coin Offering for The Self Sustaining Intentional Communities Coin  (Symbol SJT). The new coin is designed for “cooperative living, working and healthier lives, and offers extensible diversity in the use of the coin over current coins, like Bitcoins, for both financial and societal gain.” We believe that if the new ICO is finally executed, the company will be able to grow at a much higher pace pushed by the Cryptocurrency industry.

Conclusion

Currently trading with a market cap of $0.2 million, CHIT is an exciting story among small caps. With a total amount of outstanding shares equal to 597,474,005 and a float of only 203,528,184 shares, this is also a low float runner that could exhibit a lot of share price volatility.

To sum up, follow this stock if you are ready for an adrenaline ride.

We will be updating our subscribers as soon as we know more. For the latest updates on CHIT, sign up below!

Disclosure: We have no position in CHIT and have not been compensated for this article

https://globenewswire.com/news-release/2017/12/19/1266208/0/en/Cherubim-Interests-Inc-Address-To-Shareholders.htmlhttps://insiderfinancial.com/cherubim-interests-inc-otcmktschit-is-todays-penny-stock-focus/174812/Cherubim Interests, Inc. Address To Shareholders

December 19, 2017 09:00 ET | Source: Cherubim Interests Inc.

DALLAS, Dec. 19, 2017 (GLOBE NEWSWIRE) -- 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,

I am pleased to report that we've been able to generate great momentum as a fundamental business in 2017.  We were able to capitalize on tornado and hail damage with our subsidiary Victura Roofing while also establishing additional revenue streams within the cannabis sector by constructing mobile extraction laboratories and providing industry agnostic construction services within the cannabis sector. 

We believe that with the rollout of BudCube Cultivation Systems Technology and leasing centers, and additional solid niche opportunities within the cannabis sector, we are now poised to make substantial progress in 2018 which will further enhance value for our shareholders," said CEO Patrick Johnson.

Corporate Updates:

Audit
The company recently lost is auditor to resignation due to the sale of their practice.  The company is in negotiations to retain another audit firm and plans to do so as soon as practicable.

S-1 Registration Statement
Legal Counsel has completed the draft of the S-1 Registration Statement, and the company intends to file the statement once approved for OTCQB.

Debt Reduction
Cherubim Interests has been able to successfully retire both affiliate and non-affiliate debt from the company's balance sheet. Since 2015 the company has successfully eliminated over $2,000,000 of affiliate and non-affiliate debt from the company's books and is currently in negotiations to restructure the remaining $245,000 of toxic debt to better manage further dilution over the market.  The company will also seek to write off over $500,000 of unclaimed debt that has been on the company’s books since 2006 in the first quarter of 2018.     

Victura Roofing
The Company has significantly scaled back its roofing operations in order to drastically decrease the company’s expenses, and to streamline its operational focus to cannabis sector related construction opportunities in 2018. 

BudCube Cultivation Systems
The company 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 company expects to implement the grand opening of the BudCube Cultivation Systems (BCS) "Cultivation Center" business concept in 2018.

The property is 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.

BudCube Construction Services
The Company executed a construction management agreement with GreenPhoria Farms to perform industry-agnostic tenant finish out services.  GreenPhoria Farms is a cannabis producer with twelve proprietary strains and over 30 years of cultivation expertise in the industry. The company currently has approximately 20,000 sq. feet under lease in Hillsboro, Oregon, and intends to introduce its proprietary strains to the industry in 2018. The company is also currently in negations with other cannabis farmers in the region and expects to finalize additional contracts in early 2018.

Mobile Testing and Extraction Laboratories (Port O Lab)
The company constructed and deployed a fully functioning laboratory grade extraction facility to the University of The West Indies in 2017. The state-of-the-art turnkey facility enables end users to process plants for terpenes and other compounds. The company expects to begin actively marketing for the additional sale of these units in early 2018.

Go Forward Strategy
The 'go forward' strategy is to continue to increase and add revenue through our cannabis focused general construction and the BCS business concept, 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 has been able to add revenues to the company’s bottom line, streamline our operational focus as well as position itself to have a very prosperous 2018.  I 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

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 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

About Victura Roofing LLC.

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

For more information, visit www.victuraroofing.com

About BudCube Cultivation Systems

BudCube Cultivation Systems developed a proprietary, fully portable and scalable, cultivation technology that serves as outdoor turn-key solution for cultivators of legal medical and recreational cannabis, as well as other various plant species. Coupled with real estate development and property management business model via parent company Cherubim interests Inc., The BudCube Cultivation Systems business model can be duplicated anywhere in the world where the cultivation of cannabis is legal.
For more information, visit www.budcube.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.

Patrick Johnson
844-842-8872