WILTON, CT / ACCESSWIRE / November 18, 2014 / Gold Coast Mining Corp. (OTC Pink: GDSM) is pleased to announce this new and significant relationship.
The Company is pleased to announce that it has executed a new agreement with a Mid-West based merchant card provider that has solutions to allow dispensaries to accept Visa and MasterCard. The new program features 48 hour funding with no rolling reserve.
With the continued growth in the cannabis industry, accelerated by the recent elections, payment solutions continue to be one of the most significant challenges. Gold Coast's MJ-Merchant has continued to search for viable solutions. The Company believes this provider has very attractive solutions and MJ-Merchant will greatly benefit from the relationship.
MJ-Merchant has received numerous inquiries, via its website, since its launch. Those leads will now be contacted in hopes of conversion to profitable clients. Additionally, the Company has built a CRM to market merchant services that currently has a database of over 2,000 dispensaries.
"I am very pleased with this development and look forward to the revenue and profit coming from this relationship. On another note, the Company has received all the testing equipment necessary to launch Green Leaf Analytics. I am only waiting to receive formal notice from Maine's Secretary of State that our formation documents have been approved and recorded." commented Michael Shea, CEO.
Shea concluded, "Operating in this industry is challenging and takes considerable time to remain in compliance with local, state and federal laws. Despite these circumstances, the Company continues to execute in business plan and remains committed to being profitable in 2015".
