SPO Networks, Inc. Receives Pre-Orders From Ten Dispensaries
For Company's Proprietary Strain Of Cannabis Seeds - Revenues To Follow
By: SPO Networks Inc.
A report from Data Bridge markets said that:" Global cannabis seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 14.5% in the forecast period of 2020 to 2027 and is expected to reach USD 723.77 million by 2027. Highly legalized region and demand for the cannabis seeds are high hence revenue generation is also high which is helping the market to grow in the region.
The cannabis seeds market is growing tremendously in the U.S. with the legalization of cannabis in 33 out of 50 states.
Tom Smith, the Company's CEO, said: "We are both eager and ready to enter this market, and to begin generating our first revenues in this sector. Initially, the revenues we will be receiving will be wholesale sales to the dispensaries. Dispensaries usually charge approximately 3 seeds for $50 and work on a 50% margin. We will also be opening our own dispensaries in multiple jurisdictions and acquiring more cultivation properties/operations in several U.S. states to further expand our revenue base."
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.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Tom Smith, CEO