Otc Market Plays

[BCNstocks]

$SAGD corporate update! MJ! >>

SAGD Updates the Market on Cannabis Related Acquisition TargetsPress Release
05/30/2018

https://www.otcmarkets.com/stock/SAGD/news/SAGD-Updates-the-Market-on-Cannabis-Related-Acquisition-Targets?id=194026

LAS VEGAS, May 30, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- South American Gold Corp (OTC:SAGD) provided a market update regarding the two cannabis related acquisition targets with whom SAGD has been negotiating. With both acquisition targets having existing operations with current revenue, and both having business models that are centered around value-added products within the cannabis sector, the Company has decided to pursue both opportunities with the hopes of securing financing and stock to complete both transactions.

Gary Austin, director of South American Gold Corp, commented on this news, “Our goal is to complete a transaction that will enable us to begin creating strong revenue with little out of pocket money on the front end. One of our targets has already agreed in principal with our offer and we are working on the final terms to move towards a final agreement. Based on recent conversations with the principals we are hopeful that we will close on this first acquisition in June. The second opportunity is still in negotiations, but we feel very confident we are getting close to a solution that makes sense for everyone involved.”

Mr. Austin continued, “Our Company is sitting on a wealth of very strong technology assets that are built around the cannabis industry. Our board feels strongly that we can unlock the full potential of those assets by combining them with the strength and longevity of a couple of very strong tangible products that support the same sector. We have made that our goal and we are moving aggressively to complete that goal. We have a good team in place and I feel encouraged that we will get the job done.”

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

Corporate Website: www.sagdcorp.co
Media contact: [e-mail]
General contact: [e-mail]