Cherubim Interests Inc (OTCMKTS:CHIT) reported the launch of its new corporate website that will better showcase its operations. In addition to improved visual appeal, the new features include detailed description of the company’s operations and products, a new dedicated segment of Investors Center, and details of market opportunities, key leadership and more.
The objective
Cherubim Interests reported that the new site is launched to better communicate with website visitors and company’s shareholders interested to know about the latest update within the controlled environment agriculture, real estate development and alternative construction segment. The Investors Center covers company’s news releases, regulatory filings, an in-depth Investor Presentation and stock information. In conjunction with the restructured website, Cherubim plans to introduce its Investor Relations Kit in next few weeks. This kit will provide detailed insight into the company’s current operations and potential market opportunities.
The expert view
Patrick Johnson, the CEO of Cherubim, said that they are proud to launch the revamped website to better highlight their aggressive measures and plans to expand in budding niche markets. The new growth strategy demonstrates a hybrid business model that will help Cherubim’s subsidiary, BudCube Cultivation Systems USA, to expand its operations. Johnson added that they will seek for lucrative growth opportunities in vertical markets and keep an eye on development of rental properties, scalable plant cultivation facilities and real estate acquisition.
The disclosure
In its PR of new website launch, Cherubim stated that together with its subsidiary BudCube Cultivation, the company is planning implementation of its stated business goals as per the current understanding of Local and State laws & Federal Enforcement Policies and Priorities. The matter relates to Marijuana and therefore the company intends to proceed cautiously in accordance with legal and compliance guidelines. Potential shareholders and investors are advised that company will get advice of counsel before implementing any part of its business plan.
Cherubim Interests Inc (OTCMKTS:CHIT) ended the last trading session with a loss of 3.66% but compared to the gains made in the previous session, it could be taken as a normal correction only. The volume of 23 million was much higher than the daily average of 6 million and that might be the point of worry for the hopeful bulls as that indicated a bit of selloff. The price is hitting a very strong supply area in the band of $0.01-$0.02, which is capable of strongly pushing the price down.
