Cherubim Interests, Inc. (OTC: CHIT), a development-stage alternative construction and real estate company, earlier this week introduced a new hybrid business model designed to maximize financial growth and shareholder returns in the months to come. Leveraging a proprietary plant cultivation technology for which the company currently holds an exclusive worldwide license, Cherubim plans to construct, deploy and lease scalable cultivation facilities for commercial use in viable markets around the country. Through this strategy, the company will effectively address the rising demand for grow space, as needed to accommodate the cultivation of cannabis and other plant species.
While Cherubim’s business model is similar in many ways to that of mini-storage operators, the company’s plan is specially designed to meet the needs of cultivation operators of all sizes. Using its unique single tenant ‘macro’ application, the company will provide a total cultivation solution – including land acquisition and development – to meet the specific needs of individual clients. Alternatively, the company plans to develop and open secured locations where multiple tenants can lease ‘micro’ solutions, effectively bridging the gap for first-time and experienced cultivators who may not have the capital resources to buy land, construct facilities or tenant-improve existing structures. In the future, Cherubim intends to expand upon this model in order to address other market needs.
“Even though we will first market test leasing units in the legal cannabis industry, there are many other practical applications for this technology,” Patrick Johnson, chief executive officer of Cherubim, stated in a news release. “Across the globe, massive food shortages exist due to extreme drought conditions and this application will serve this market niche as well in the future.”
Initially, Cherubim will look to utilize its innovative business model in order to capitalize on the thriving industrial real estate market in Colorado. As cannabis vendors scramble to secure ample warehouse space to house their legal cannabis cultivation ventures, demand for vacant space continues to outpace availability. According to market research, the current leasing rate in Denver has climbed to approximately $17 per square foot, which is nearly four times the national average. This market demand could provide a platform for rapid financial growth following the impending implementation of Cherubim’s updated strategy.
For prospective shareholders, the company’s newly announced hybrid business model makes it an intriguing investment opportunity moving forward. Look for Cherubim to capitalize on the marketability of its licensed year-round plant cultivation technology as it expands its market share in the nation’s thriving legal cannabis industry.
For more information, visit www.cherubiminterests.com
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