GDSM 0.0009 solid NEWS out >> News Gold Coast's Colorado Framework Agreement
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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.
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