Las 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.
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 the
United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which
are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or
intentions regarding the future, including but not limited to, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining
financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure
outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
For more information: Email: Info@sativagrowth.com Phone: (866) 313-0638 Corporate Website: https://www.sativagrowth.com Twitter: https://twitter.com/SativaGrowth Facebook: https://www.facebook.com/SativaGrowth/
