LAS VEGAS, NV / ACCESWIRE / July 19, 2016 / South American Gold Corp. (PINKSHEETS: SAGD) announced this week that they are eyeing international interest in the emerging cannabis market as an opportunity to accelerate their revenue development plans and product distribution strategy. Citing statements made by Jim Hagedorn, the CEO of Scotts Miracle-Gro to a Forbes news reporter, South American Gold Corp. feels very well positioned to take advantage of a frantic market rush into the legalized cannabis space. Mr. Hagedorn recently spoke with Forbes reporter Dan Alexander about his vision for capitalizing on cannabis, "It is the biggest thing I've ever seen in lawn and garden," Hagedorn has gone far beyond just talking about the opportunities, and has invested heavily in this emerging market. He invested $135 million last year on two California-based businesses that sell fertilizers, soils and accessories to pot growers and, more recently, spent another $120 million on a still-undisclosed lighting and hydroponics equipment company in Amsterdam. He has also stated that he plans to invest approximately $150 million more by the end of 2016. These investments combined, make this investment larger than any acquisition in the history of Scotts Miracle-Gro.
"It is obvious that more and more businesses are taking the Cannabis market seriously," stated South American Gold Corp.'s CEO Cynthia Berain, "as more and more governments move to legalize cannabis use and products I think you will find more and more companies running into this space. These recent comments from Scotts Miracle-Gro are just a good example of that happening."
Ms. Berain continued, "What is most exciting for us is that we are on the forefront of this movement and we are very well positioned to profit greatly from this broad market trend because we have the products, leadership and we are developing the infrastructure necessary to be a major market participant in this sector."
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.