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South American Gold (SAGD) Eyes Opportunities in Cannabis

Ryan Allway

July 20th, 2016

News, Top News

[stockchart symbol=SAGD]

South American Gold Corp. [stockquote symbol=SAGD] recently announced that it plans on pursuing opportunities in the burgeoning cannabis industry.

“It is obvious that more and more businesses are taking the Cannabis market seriously,” said South American Gold Corp.’s CEO Cynthia Berain in a recent press release announcing the intentions. “As more and more governments move to legalize cannabis use and products, I think you will find more and more companies running into this space. These recent comments from Scotts Miracle-Gro are just a good example of that happening.”

In a recent interview with Forbes, Scotts Miracle-Gro CEO Jim Hagedorn indicated that cannabis was “the biggest thing [he’d] ever seen in lawn and garden”. The company has invested hundreds of millions of dollars into businesses that sell fertilizers, soils, and accessories to pot growers, making them the largest acquisitions in its history.

“What is most exciting for us is that we are on the forefront of this movement and we are very well positioned to profit greatly from this broad market trend because we have the products, leadership and we are developing the infrastructure necessary to be a major market participant in this sector,” added Ms. Berain.

The company plans to become the premier provider of value-added products and services for the cultivation and processing of cannabis in South American medical and recreational markets. Its initial focus will be on the Uruguay market where cannabis has already been legalized on both recreational and medical levels.

Shares of South American Gold Corp. were trading even on Wednesday, July 20, 2016 in early hours.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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