South American Gold Corp to Change Name to Sativa Growth International and Discusses Opportunities Within the Global Cannabis Market
LAS VEGAS, NV , June 28, 2018 (GLOBE NEWSWIRE) -- South American Gold Corp. (OTC Pinks: “SAGD” or "Company"), a company shifting its primary focus toward the acquisition and implementation of cannabis and cannabis-related subsidiaries, is pleased to announce that it will be changing its name from South American Gold Corp., to “Sativa Growth International,” to better reflect its new corporate direction and business model.
Gary Austin, Director of Sativa, commented, "Our initial foray into the cannabis industry began a year ago with the acquisition of cNation and The Kush Journals. Since that time SAGD Company leadership has been strategically networking with leaders and entrepreneurs within the cannabis industry to pave the way for us to build something very special. SAGD is now in a place to add more cannabis-related companies to our portfolio and we are in the final stages of closing on two truly exciting acquisitions. My plan is to announce the first of these acquisitions before the July 4th holiday.”
Sativa Growth International will focus on completing corporate milestones with its transition into the cannabis sector. The first step in SAGD’s corporate rebranding was the reduction of common shares, which immediately increased value for current and future shareholders. The second milestone is the change of name and a new corporate website and social media presence. Investors may visit the new corporate Twitter account at www.twitter.com/sativagrowth and may also look forward to a new corporate website.
Gary Austin, Director of Sativa, concluded, "I sincerely believe the cannabis industry is in its infancy and there is still an exponential growth cycle yet to come. There is a plenty of opportunity within this booming industry, not only on the domestic level, but also in overseas markets such as China and Europe. Along with the change in cannabis legislation, the former social stigma is shifting to a more popular and accepted opinion of cannabis. Considering global markets with billions of potential customers, we believe it is vital for Sativa to be involved in this historic paradigm shift that is currently catapulting the cannabis industry to new heights."
About Sativa Growth International
Sativa Growth International (SAGD) is an operational management company focused on enhancing shareholder value by acquiring and operating undervalued cannabis and tech assets. The cannabis social media division of SAGD is comprised of cNation, KushJournal, KindaHigh, PotPons, PotCircles, and WeedFeedLive. cNation and its podcasts represent the grassroots outreach of the company's media division, with Podcasts available for listen on Libsyn.com, Facebook, Twitter, iHEARTRadio, and Spotify.
Corporate Website: www.sagdcorp.co
Corporate Twitter: www.twitter.com/sativagrowth
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT: Media contact: info@sagdcorp.co General contact: info@sagdcorp.co
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