Business
SPO Networks, Inc. (SPOI) Timely Files First Quarterly Report On OTCMarkets; Shows Pretax Income From Operations Of $1.48 Million+ During First Quarter 2022
SPO Networks, Inc. (SPOI) Timely Files First Quarterly Report On OTCMarkets; Shows Pretax Income From Operations Of $1.48 Million+ During First Quarter 2022.
About this update from Spo Networks, Inc.
[{"type":"text","content":"The Pretax Income Through Three Months Ended March 31, 2022, Was $1.48+ MillionFARMINGTON, AR / ACCESSWIRE / May 26, 2022 / SPO Networks, Inc. (OTC:SPOI) ("SPOI" or the "Company"), a publicly-traded company that is actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue generating waste/recycling subsidiary plus a newly launched medical and recreational cannabis and genetic seed operations entity with the expectation of rapid expansion in the cannabis industry utilizing a proprietary vertical market from cultivation facilities, to wholesale and retail dispensaries, announced that it has timely filed its Quarterly Report for the First Quarter of 2022.Tom Smith CEO of SPO Networks Inc. said: "Our filing shows that we are growing at increased pace, adding assets we and hope to continue substantial growth through next quarter and beyond. The Company is coming off a blockbuster Q1, where we showed a:Pretax income of $1.487,672 million for the Three Months Ended March 31, 2022[1] Compared to $648,449 Three Months Ended March 31, 2021[2] showing over a doubling increase in revenue.Net income of $179,180 for the Three Months Ended March 31, 2022We have been adding assets and increasing revenues and we and hope to continue substantial growth through next quarter and beyond."SPO Networks, Inc.SPO Networks, Inc. is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. Additionally, SPO maintains the belief that patients and customers have a right to high quality, economical, and clinically-validated cannabis products. Towards this, SPO aims at medical and recreational cannabis and genetic seed operations with the expectation of rapid expansion in the cannabis industry. SPO is developing its cultivation facilities for extraction operations, wholesaling of cannabis and cannabis extracts in Colorado to licensed retailers and wholesalers. Eventually, the goal is to expand to retail product manufacturing and dispensary operations in several states, allowing SPO to offer a pricing strategy that will be attractive to consumers large and small.For more information, please go to: https://www.spoinow.com.FORWARD-LOOKING STATEMENTS:Thi...