Business
Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Investments LLC
Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Investments LLC.
About this update from Cherubim Interests Inc
[{"type":"text","content":"\n \n \n Cherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Investments LLC\n \n \nCherubim Interests, Inc. Receives $7,000,000 Commitment from GHS Investments LLC\n\nCompany Poised For Strategic Growth\n\n \n 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.\n 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.\"\n 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. \n 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.\n About GHS Investments LLC\n GHS Investments,...