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$SAGD having a great day! Earlier this month South American Gold identified two Cannabis related acquisition targets >>

South American Gold Corp Identifies Two Cannabis Related Acquisition Targets

Press Release | 05/02/2018

LAS VEGAS, May 02, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire – South American Gold Corp. (OTC:SAGD) announced today that they have identified two cannabis related acquisition targets and have begun negotiations to bring one or both operations into the Company.

Both acquisition targets have existing operations with current revenues and are centered around value-added products within the cannabis sector.

Gary Austin, director of South American Gold Corp., commented on this news, “We are focusing our attention on the revenue side of the business. We have been very busy the past 12 months building and developing a strong portfolio of technology assets. Now we are seeking opportunities to acquire companies with existing revenue that can benefit from the technology resources the Company already holds. We believe that the technologies we have developed and acquired are extremely valuable in the right setting; therefore, with the right acquisitions and the strategic use of our existing technology assets, we are seeking quick growth and sustainable business operations that will provide great longevity in this sector.”

The Company stated that they are currently concluding their due diligence phase and are planning to make an offer on one or both operations this quarter. Mr. Austin continued, “Our goal is to complete a deal on this quarter’s book and give ourselves the rest of the year to grow and develop the business being acquired. We have a good team in place, a great core set of assets, and now we are getting aggressive on putting these tools to work.”

About SAGD: South American Gold Corp (SAGD) is an operational management company focused on enhancing shareholder value by acquiring and operating under valued tech assets.

CONTACT:
Corporate Website: http://www.sagdcorp.co
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