Gold Coast's Colorado Framework Agreement
August 18 2014 - 9:00AM
Access Wire
WILTON, CT / ACCESSWIRE / August 18, 2014 / Gold Coast Mining
Corp. (OTC Pink: GDSM), provides update on its trip to Colorado.
.
Gold Coast, a leader in innovative concepts and technologies in
the marijuana industry, is excited to announce that the Company has
reached a verbal "framework agreement" for its proposed project in
Colorado. The agreement calls for Gold Coast and a financial
partner to lease property to an established medical marijuana
grower, and construct several greenhouses. Initially, there
will be 2-3 (20 sq. ft. x 100 sq. ft.) greenhouses constructed. The
property is approximately 40 acres and allows Gold Coast to
construct additional greenhouses over time.
It is anticipated that a Memorandum of Understanding will be
executed by early next week with final documents executed in early
September. Greenhouse construction is planned to commence in early
September with completion the first half of October, and initial
harvest in March 2015.
CEO Michael Shea commented, "I am pleased with the agreement
reached. The property is ideal, with all the proper zoning, water,
and electricity and is scalable. The property has been in the
owners’ family for three generations and currently has an 18,000
sq. ft. medical grow facility. Near term plans include seeking a
recreational grow license to complement the medical product.
I am equally as excited about our agreement with the established
grower that will operate our grow houses. The individual/entity is
highly regarded, has been a grower for 20 years, owns/operated
several large production facility, as well as, owns a medical
marijuana dispensary."
Finally, the Company continues to work on two other Colorado
opportunities and expects to reach a verbal agreement by the end of
this week. As developments occur, the Company will keep
shareholders and the investment community updated.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. is a holding company with interests in
the MJ industry. The Company's goal is create a vertically
integrated company and continue its diversification into other high
growth industries. The primary goal is generate cash flow to
sustain and grow profitability.
Follow us on Twitter
at http://twitter.com/GoldCoastMining
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to: the impact of economic, competitive and
other factors affecting the Company and its operations, markets,
product, and distributor performance.
Contact Info:
Michael Shea
CEO
Gold Coast Mining Corp.
(203) 210-5614
Michael.shea@gdsmholdings.com
http://www.gdsmholdings.com
http://www.mj-xchange.com
http://www.mj-merchant.com
http://420concept.com
SOURCE: Gold Coast Mining Corp.
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