South American Gold Corp (PINKSHEETS: SAGD / PINKSHEETS: SAGDD) announced that it has launched a major strategic initiative focused on becoming a fully integrated company for delivering high value products and training to Uruguay’s burgeoning cannabis cultivation industry.
“Uruguay’s recent liberalization of the cannabis cultivation and consumption laws will allow us to establish a presence in the region just as the more populous countries are beginning to formally recognize the medicinal value of cannabis and are looking for reliable sources of production,” said SAGD’s CEO, Marianne Rasmussen.
The company will import value-added products and develop local expertise to aid in the region’s growth as a regional center for cultivation.
“What we’re seeing on the ground is that many of the tools being used in more mature markets simply aren’t available to the growers in South America yet,” continued Rasmussen. “We are excited to introduce tools and know-how that can dramatically improve the quality of the products being produced and the bottom line of all those involved in the value-chain.”
South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.
Statements herein express management’s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and other risks. Actual results may differ materially from such forward-looking statements.