$IBRC $PDXP $VICT $CHIT iBrands Acquires Colorado
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Posted On: 05/09/2018 12:47:49 PM
$IBRC $PDXP $VICT $CHIT iBrands Acquires Colorado Real Estate and Shovel-Ready Cannabis Construction Project with Long-Term Tenant
DALLAS, TX / ACCESSWIRE / May 9, 2018 / iBrands Corporation, Inc. (OTC PINK: IBRC) ("the Company"
, a diversified holdings company, announces that it has acquired Durango Warehouse LLC., holder of 38 acres of arable land in Ignacio, Colorado. The property is located about 1 mile from the Durango-La Plata Airport.
With this acquisition the company has garnered its second leasing location consisting of more than 20 acres of land zoned for cannabis cultivation, representing another leasing opportunity following the mini-storage business concept ofsubsidiary, Cherubim Interests Inc. (CHIT).
"This is great for the company because we have proven our single tenant or "big box concept" and also compliments the multi-tenant or co-op business model of our Lowell, Oregon property," states CEO Patrick Johnson.
The company will construct a cannabis grow facility that features 10,000 sq. ft. of bloom space, along with an additional 5,000 square feet of additional required space for vegetation, processing, etc. The conceptual drawings to the shovel-ready project may be found (HERE). Additionally, the company has entered into a long-term, 30-year lease with a tenant on the constructed facility on the Ignacio property at a monthly rental rate of slightly over $11,000 USD per month.
"We will continue to acquire properties and deploy technology like this where there is a substantial rental revenue-generating opportunity and that brings real value to our shareholders," stated Johnson.
MINI-STORAGE BUSINESS MODEL
Cherubim's business model is similar to that of mini-storage companies by leasing secured square footage to individuals and corporations who need it. The company however has a hybrid format in which it will be offering both single tenant or "macro solutions" as well as the traditional multi-tenant or "micro solutions" as its platform.
Multi-Tenant (Co-Op) Concept
The multi-tenant concept allows for multiple tenants to rent individual, self-contained BudCube Cultivation Systems (BCS) cultivation units at a secure location staffed with management, maintenance, and security personnel. BCS will offer eitherfacilities constructed of retrofitted shipping containers (Image Here) or Via modular building components (Image Here). Local zoning variances, climateand logistics, will determine which application the company will use.
Single Tenant (Big Box) Concept
The single-tenant concept allows for an entity to enter into a long-term lease agreement with an option to purchase the facility (plus land if applicable) at the end of the lease term for a sales price determined considering fair market value. This is a much larger square footage concept with construction techniques and materials determined on a case by case basis. (Image Here)
Specific to Cherubim's interests, the national industrial real estate market in states where cannabis is legal is booming as pot merchants scramble to find ample warehouse space to house their legal cannabis cultivation as legal cannabis sales topped $1 billion in Colorado last year. From 2009 to 2014, 36% of new industrial tenants were marijuana businesses there and nearly four million square feet of industrial space in Denver was being used for cultivation in 2015, about 3% of the city's warehouse space. Warehouse vacancy rates in Denver fell to just 3.7 % in 2015, down from 7.5 % in 2010.
About BudCube Cultivation Systems
BudCube Cultivation Systems USA ("BCS" has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal.
BCS provides cultivation solutions for commercial application. It offers cultivators quick entry into afast-growing market at a price point that is very attractive when compared to the traditional construction and cultivation solution. BCS features a business model unparalleled in the industry and stands to benefit greatly as more and more market participants seek to gain entry into this sector.
DALLAS, TX / ACCESSWIRE / May 9, 2018 / iBrands Corporation, Inc. (OTC PINK: IBRC) ("the Company"
, a diversified holdings company, announces that it has acquired Durango Warehouse LLC., holder of 38 acres of arable land in Ignacio, Colorado. The property is located about 1 mile from the Durango-La Plata Airport. With this acquisition the company has garnered its second leasing location consisting of more than 20 acres of land zoned for cannabis cultivation, representing another leasing opportunity following the mini-storage business concept ofsubsidiary, Cherubim Interests Inc. (CHIT).
"This is great for the company because we have proven our single tenant or "big box concept" and also compliments the multi-tenant or co-op business model of our Lowell, Oregon property," states CEO Patrick Johnson.
The company will construct a cannabis grow facility that features 10,000 sq. ft. of bloom space, along with an additional 5,000 square feet of additional required space for vegetation, processing, etc. The conceptual drawings to the shovel-ready project may be found (HERE). Additionally, the company has entered into a long-term, 30-year lease with a tenant on the constructed facility on the Ignacio property at a monthly rental rate of slightly over $11,000 USD per month.
"We will continue to acquire properties and deploy technology like this where there is a substantial rental revenue-generating opportunity and that brings real value to our shareholders," stated Johnson.
MINI-STORAGE BUSINESS MODEL
Cherubim's business model is similar to that of mini-storage companies by leasing secured square footage to individuals and corporations who need it. The company however has a hybrid format in which it will be offering both single tenant or "macro solutions" as well as the traditional multi-tenant or "micro solutions" as its platform.
Multi-Tenant (Co-Op) Concept
The multi-tenant concept allows for multiple tenants to rent individual, self-contained BudCube Cultivation Systems (BCS) cultivation units at a secure location staffed with management, maintenance, and security personnel. BCS will offer eitherfacilities constructed of retrofitted shipping containers (Image Here) or Via modular building components (Image Here). Local zoning variances, climateand logistics, will determine which application the company will use.
Single Tenant (Big Box) Concept
The single-tenant concept allows for an entity to enter into a long-term lease agreement with an option to purchase the facility (plus land if applicable) at the end of the lease term for a sales price determined considering fair market value. This is a much larger square footage concept with construction techniques and materials determined on a case by case basis. (Image Here)
Specific to Cherubim's interests, the national industrial real estate market in states where cannabis is legal is booming as pot merchants scramble to find ample warehouse space to house their legal cannabis cultivation as legal cannabis sales topped $1 billion in Colorado last year. From 2009 to 2014, 36% of new industrial tenants were marijuana businesses there and nearly four million square feet of industrial space in Denver was being used for cultivation in 2015, about 3% of the city's warehouse space. Warehouse vacancy rates in Denver fell to just 3.7 % in 2015, down from 7.5 % in 2010.
About BudCube Cultivation Systems
BudCube Cultivation Systems USA ("BCS"
has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal. BCS provides cultivation solutions for commercial application. It offers cultivators quick entry into afast-growing market at a price point that is very attractive when compared to the traditional construction and cultivation solution. BCS features a business model unparalleled in the industry and stands to benefit greatly as more and more market participants seek to gain entry into this sector.
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