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Wednesday, March 05, 2014 10:48:04 AM
THE SUBSIDIARY SPINOFF involving a PRIVATE MMJ ACCESSORY COMPANY - connected to Chris Chiari-Gelpid- IS DEFINITEY PROGRESSING and FINALIZING- as FINAL term NEGOTIATIONS exchanged as per PR -and the lawyers are finishing up the Colorado Subsidiary filing. There was no reason for selloff! This is the subsidiary deal involving Chiari's private MMJ Accessory company.
http://finance.yahoo.com/news/gold-coast-mining-announces-corporate-133000532.html
The Company is pleased to announce that it has commenced the steps to establish a subsidiary. The subsidiary will be incorporated in the State of Colorado. A name has been selected and the Company is working with a legal consultant to complete the required filings.
http://finance.yahoo.com/news/gold-coast-mining-announces-corporate-184500322.html
2. In conversations with one of Gelpid's principals and through additional due diligence into the marijuana industry, the Company believes that opportunity exists to participate in the growth via acquisition/construction of "turn-key" grow facilities, as well as, retail dispensary locations. Both would have identical looks to create a recognizable brand for roll out into other locations/states as laws are changed.
3. Given the capital required to pursue this strategy, the Company, via its subsidiary, would propose to be the general partner and raise capital from private investors. Obviously, the Company would retain an interest and control the brand.
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