Las Vegas, NV, July 30, 2018 (GLOBE NEWSWIRE) -- South American Gold Corp. (Sativa Growth
International OTC Pink: SAGD) ("Sativa Growth", or the "Company"), an emerging cannabis supply company, has
partnered with City Weekly of Salt Lake City to host the first annual medical cannabis conference in the State of
Utah; Utah Cann 2018. The conference will take place October 19th and October 20th, 2018 at the
Mountain America Expo Center in Sandy, Utah.
Sativa Growth is fully committed to the education as well as propagation of the medical
cannabis industry, and as such has taken a key role in the cultivation of both industry and education to the State of Utah. The
Company has strategically aligned key industry leaders, who have seen success in the industry and have helped to pave the way for
opportunities in states that are still pending legislative action on cannabis bills.
Gary Austin, Director of Sativa Growth, stated, "The objective of the conference is to educate both professionals
and the general public. It is our responsibility to ensure everyone has access to the science and facts, rather than only biased
and politically motivated information. We have requested the expertise of doctors, scientists, manufacturers, entrepreneurs, and
personal testimonials to accurately convey the power of medical cannabis in both private uses, as well as business opportunities.
In order for medical cannabis to build trust in consumers, we must start with education."
The cannabis industry is reporting all-time high revenue in states where legalization has taken place. Both
Colorado and Washington have experienced tremendous growth in the cannabis business ecosystem.
Even setting aside financial gains by the myriad private businesses now operating in each state and focusing
instead on state revenues such as excise taxes and licensing fees, the case is clear. In 2014, Colorado received over $76 million
in revenues, $35 million of which went directly toward funding the state’s education system. In 2015, total tax revenues from
cannabis increased to over $135 million.
In 2016 the State of Washington’s tax revenues from cannabis were was projected at $185 million, with the
expectation of 2017 reaching over $230 million. The lion’s share of tax revenues in Washington is slated for public health programs
including Medicaid, substance abuse prevention, and community health centers.
"We have a responsibility to share the positive impact of the industry with not only our valued shareholders but
also the general public and private business community. We see our position in this conference as nothing less than an honor." SAGD
Director Gary Austin continued, "We have no doubt the conference will be a success and lay the groundwork for a solid industry
foundation for the State of Utah and contribute to a favorable outcome in the November vote. We have already gained the support and
committed participation of Project CBD, one of the largest educational resources for medical cannabis and many other industry
leaders including Martin A Lee, Stormy Simon, and Nancy Whiteman. Our attendees will have the first ever local opportunity to gain
valuable knowledge of the industry and how it could impact them, and their way of life."
Following the social media announcement of the conference on Tuesday, July 24th, a holiday in Utah, the event had
an overwhelming response and is being shared across multiple social media platforms by hundreds of people. It is currently being
projected that up to 10,000 people will attend the conference on October 19th and 20th 2018.
Utah is well known for its strong opposition to cannabis, but recent polls have shown marginal support for the
Proposition 2 bill that would legalize the use of medical marijuana by those who are in critical need and have received a
prescription from a doctor. The opposing stance of the LDS church has been vocalized but is now being met by opposition from the
general public who is demanding answers to their questions about the health benefits of the plant and the vast opportunities to
operate a business in the space. The vote is slated for November 6th 2018, two weeks following the conference.
For more information on the conference, see utahcann.com.
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: (800) 912-9506 Corporate Website: https://www.sativagrowth.com Twitter:https://twitter.com/SativaGrowth Facebook:https://www.facebook.com/SativaGrowth/
