WILTON, CT / ACCESSWIRE / September 10, 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 signed the first of several term sheets with the operator of a medical marijuana grow facility. The facility is in Yampa, CO which is in Routt County.
Versus some of the other pending transactions using a real estate purchase/lease transaction, this deal is structured such that Gold Coast will be providing consulting services to the operator in return for compensation. Additionally, Gold Coast will received the option to acquire/lease an adjoining 7,400 sq. ft. grow facility located on the property when its current lease expires in late 2015. Final documentation is currently being drafted.
CEO Michael Shea commented, "I am pleased to have secured the first transaction, and the option for the 7,400 sq. ft. facility is very attractive. As importantly, this legal structure provides Gold Coast with a separate revenue segment derived from being a Consultant to grow operators. I expect this deal to close within a week, and continue to work to finalize the other deals".
