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
FARMINGTON, AR / ACCESSWIRE / July 14, 2021 / SPO Networks, Inc. (OTC PINK: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 acquired its first recreational marijuana dispensary. The acquisition completes the Company’s vertical cultivation & marketing chain of operations.
The Company already owned cultivation sites and has recently entered into a pre-order agreement to deliver of its proprietary strain of certified cannabis seeds to a chain of 10 third party dispensaries in Colorado. Now the Company will be going Direct To Consumer (DTC) via it first wholly owned retail dispensary, to sell its proprietary brands.
Tom Smith, the Company’s CEO & Founder, said: “This is an exciting move