WILTON, CT / ACCESSWIRE / September 16, 2014 / Gold Coast Mining Corp. (OTC Pink: GDSM), executes consulting agreement.
Gold Coast, a leader in innovative concepts and technologies in the marijuana industry, is pleased to announce that the Company and a Colorado marijuana grower have executed a multi-year consulting agreement, whereby Gold Coast will provide a variety of services including security, marketing and other services customary to under agreements of this nature. The grower and the facility is in Yampa, CO which is in Routt County.
Colorado has very strict laws governing legal growing of marijuana. There are several ways for the Company to participate including leasing property, infrastructure and providing consulting services. In this case, a consulting agreement was the logical choice. Future deals may include combination of structures.
CEO Michael Shea commented, "I am pleased to have closed the first transaction and am working diligently on other pending deals that move us closer to being cash flow positive. I would like to remind shareholders and the investment community that I will be providing a complete overview of the Company along with a Q&A session at the upcoming Cannabis Investor Webcast on September 30, 2014. Our time slot is 9 am."
The outstanding float remains unchanged from previously reported. The Company did issue 95 million of restricted stock for services which carries the required 12 month restriction period.
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.
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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
SOURCE: Gold Coast Mining Corp.