Business
SPO Networks, Inc. (SPOI) Timely Files Quarterly Report On OTCMarkets; Shows Pretax Income From Operations Of $2.2 Million+ During Third Quarter 2021
SPO Networks, Inc. (SPOI) Timely Files Quarterly Report On OTCMarkets; Shows Pretax Income From Operations Of $2.2 Million+ During Third Quarter 2021.
About this update from Spo Networks, Inc.
[{"type":"text","content":"The Pretax Income Through Seven Months Ended September 30, 2021, Was $4.9+ MillionFARMINGTON, AR / ACCESSWIRE / November 16, 2021 / 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, today announced that it has timely filed its Quarterly Report for the Third Quarter of 2021[1].Tom Smith Founder of Red Line and 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 Q3, where we showed a:Pretax income of $2,230,621 million, and Seven Months Ended September 30, 2021 of $4,930,290 million;Net income of $536,586 million, and Seven Months Ended September 30, 2021 of $1,376,445 million; andThe cannabis acquisitions that we have under contract, had revenues of $186,000 but cannot be recognized until licenses are transferred, which should occur in Q1-2022.We 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 ...