South American Gold Corp Reveals Strategic Three-Year Plan Within The Cannabis Industry

LAS VEGAS, NV / ACCESSWIRE / June 13, 2016 / South American Gold Corp (OTC: SAGD) revealed its strategic three-year plan to position itself as a distributor of high-value products and training to South America’s growing cannabis industry. The comprehensive plan outlined today by the company starts with a focus on serving the growers of the ever expanding cannabis industry within Uruguay and then begin to expand into additional markets and opportunities.

“While we are initially focused on providing education and specialty products to Uruguay’s growing legal cannabis market, that really just gets us a foothold in the region focused on supporting a much broader initiative,” said SAGD’s newly appointed CEO, Cynthia Berain.

As the company succeeds in the local market in Uruguay, it will then look to broaden its scope and begin to offer a larger array of goods and services needed by the legalized growers to produce a high quality product for their consumers. The initial focus within Uruguay provides a solid market with a strong footing to allow South American Gold Corp. to develop a core business and prove the strength of its products and offerings. “Uruguay is a game-changer, as it was the first country in the world to fully legalize the cultivation and sale of marijuana, be it recreational or medicinal, in May 2014. Two years later, Uruguay’s legal cannabis industry is still playing catch-up with long-established home growers, but this appears to be a budding industry on all fronts,” this according to an article dated May, 15, 2016, found on Motley Fool by Sean Williams.

“We believe that our company can play a vital role in helping the commercial growers improve the quality of their product and the profitability of their enterprise. Then, as the market grows, we will have developed a solid reputation with the present growers and suppliers of the finished cannabis products and be ready to serve future markets, along with new growers and distributors,” continued Ms. Berain.

According to an article dated May 31, 2016, posted on Mill-Tech, “Global demand for cannabis is forecast to grow at over 30% per year to reach over $29 billion by 2020 and $40-$50 billion in ten years (ArcView Market Research). Catalyzed by a wave of changing legislation in countries all over the world, patients are increasingly using medical cannabis for the treatment of a variety of conditions. The pharmaceutical market also provides a large opportunity, as the medical benefits of cannabis continue to be identified, allowing for the creation of drugs based on the cannabis plant that treat diseases.”

“Uruguay is making major strides to be a top player in the growth of cannabis, with talks within the country looking to potentially enter into trade agreements for the export of medical marijuana to its trading countries,” stated Ms. Berain citing the following source: http://herb.co/2015/12/10/3-types-weed-coming-uruguay-next-year/.

Ms. Berain went on to state, “As we continue to grow our company and its position within the cannabis market, we look forward to informing our shareholders and the public on our corporate growth.”

About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.

Disclaimer

This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” “plan,” “predict,” “may,” “should,” “will,” “can,” the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company’s filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company’s due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.

SOURCE: South American Gold Corp

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