Gold Coast’s Colorado Ventures Progresses
September 04 2014 - 8:00AM
Access Wire
WILTON, CT / ACCESSWIRE / September 4, 2014 /
Gold Coast Mining Corp. (OTC Pink: GDSM), provides update on its
Colorado activities.
Gold Coast, a leader in innovative concepts and technologies in
the marijuana industry, is excited to announce that the Company has
reached a verbal agreement for a new grow opportunity and two other
projects located in Routt County, CO.
A written term sheet has been submitted to parties for the
acquisition/lease of a 3,600 sq. ft. warehouse that will
accommodate a substantial grow operation with the capability to
install a loft or second level, further expanding production
capabilities. The warehouse has all the required infrastructure
including 3 phase power and water and a harvest is planned for
January/February timeframe and be perpetual thereafter. The Company
is waiting on the final signature and will immediately move to
final documentation.
Gold Coast and its Denver based legal counsel are performing due
diligence on two other properties, one is a family owned 90 acre
parcel of which only 40 acres are currently being used as an
outdoor grow facility. Plans call to fully develop the 90 acres and
construct several greenhouses to allow for year round
cultivation.
The third property is a retail medical marijuana dispensary that
has several valuable permits including MIP (Marijuana Infused
Products) kitchen and wholesale grow licenses.
CEO Michael Shea commented, "I am pleased with the opportunities
and I have no doubt that the Company will close transactions in the
very, very short term. These transactions are complex and time
consuming, but we have the legal structure that allows Gold Coast
to participate. Routt County has been more consistent in its view
of the industry versus Chaffee County, which just imposed a
moratorium on new grow facilities, causing us to put that project
on hold despite getting all parties to agree to the terms and
conditions."
"I fully expect events to start unfolding rapidly beginning next
week and will keep shareholders and the investment community
updated", Shea concluded.
The o/s remains unchanged from previously reported.
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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