Business
South American Gold Corp Provides Shareholder Update
South American Gold Corp Provides Shareholder Update.
About this update from South American Gold Corp
[{"type":"text","content":"\nLas Vegas, NV, July 25, 2018 (GLOBE NEWSWIRE) -- South American Gold Corp. which is in the process of changing its name to Sativa Growth International (OTC PINK: SAGD) (“Sativa Growth” or “Company”), an emerging cannabis supply company, would like to issue an overview concerning our recent progression to provide clarity for our valued shareholders.\n Sativa Growth is fully committed to transparency and providing shareholders with prompt updates regarding our latest developments. The Company is pleased to announce its recent reinstatement with the Nevada Secretary of State, a necessary first step in rebuilding and restructuring to compete within the cannabis space. Reinstatement of our license has substantially delayed the progress of our subsequent upcoming initiatives. Now that we have re-established an active status, we are filing an addendum with the state of Nevada to officially change the name of South American Gold Corp to Sativa Growth International. The share structure has finally been updated by OTC Markets to reflect our previously announced reduction of 200 million outstanding shares, decreasing the outstanding share count to 565,350,021. Sativa Growth looks forward to expediting further announcements, including upcoming acquisitions, partnerships, and expanding distribution channels of various cannabis-related products, both domestically and internationally. Additionally, the Company is penetrating into the medical cannabis market by assuming a key role in the highly anticipated “Utah Cann”.  This will be an unprecedented event, and the first ever cannabis conference to take place in the state of Utah. Gary Austin, Director of Sativa Growth, stated, “We are very excited to establish a strong foundation on which to build a solid and profitable company. We have been working diligently over the last several weeks to rectify any prior hindrances in order to seamlessly embark upon our next steps, and we intend to immediately begin executing our strategy. We continue to remain highly optimistic about our bright future in this new sector, and intend to keep our shareholders fully apprised of updates as we move forward together.” Forward Looking Statements: This current press release contains \"forward-looking statements,\" as that term is defined in Section 27A of ...