SPO Networks, Inc. (SPOI) Acquires Its First Recreational Marijuana Dispensary In Trinidad Colorado
Completes Its Vertical Marketing Chain - From Seed To Cultivation To Wholesale And Now Direct To Consumer Retail Operations Company Is Entering The U.S. Legal Recreational Cannabis Market Which Is Expected To Reach $42 Billion By 2026
By: SPO Networks Inc.
Tom Smith, the Company's CEO & Founder, said: "This is an exciting move forward to roll out our "hub and spoke" plan in Colorado. Having our genetic seed operation kicking off and our first dispensary under contract with two more dispensaries, one medical the other recreational in que along with two additional cultivation operations, we are executing our plan on schedule.
This acquisition is only our first of more to come as we plan to continue to increase our share of the U.S. legal recreational cannabis market which is expected to reach $42 billion by 2026.
He continued: "The acquisition of the dispensary in Trinidad, Colorado, requires us to submit the change of ownership applications to the Colorado Marijuana Enforcement Division for the Trinidad CO dispensary, which we have targeted to do by the end of July. We are looking forward to sharing the details of the purchase after the state confirms the change of ownership."
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.
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.
Tom Smith, CEO