SPO NETWORKS INC - SPOI STOCK NEWS

SPO Networks, Inc. (OTC:SPOI) reported a pretax income of $1.48 million for the first quarter of 2022, more than double the $648,449 from the same period in 2021. The company's net income for the quarter was $179,180. SPO Networks is expanding its operations in diversified industries, including waste management and the cannabis sector, with plans for rapid growth through its proprietary vertical market. The company aims to enhance its cannabis operations across various states, focusing on extraction and retail.

SPO Networks, Inc. (OTC PINK:SPOI) reported Fourth Quarter 2021 financials with revenue exceeding $6.8 million and pre-tax income at $1.2 million for the ten months ending December 31, 2021. Q4 revenue was over $1.9 million with a pre-tax income of $139,642. The company is pursuing opportunities in diversified industries, including a new cannabis and genetic seed operations venture, aiming for rapid growth in the cannabis market. CEO Tom Smith expressed confidence that revenue growth will continue into 2022.

SPO Networks, Inc. (OTC PINK:SPOI) announced the completion of a 1-for-1000 reverse stock split, previously approved by its Board and majority shareholders. Before the split, 3,965,471,162 common shares were converted into a promissory note by CEO Tom Smith, reducing total outstanding shares to 4,370,736,621. Post-split, the total outstanding shares are now 4,371,280, and authorized common shares reduced from 10 billion to 10 million. The Company continues to explore acquisitions in various industries, particularly focusing on cannabis and waste management.

SPO Networks, Inc. (OTC PINK: SPOI) has temporarily changed its trading symbol to SPOID following a completed 1-for-1000 reverse stock split approved by the Board of Directors and shareholders. The "D" will be dropped in 20 days. The company is actively pursuing acquisitions in diverse sectors, including waste/recycling and cannabis operations. It aims for rapid growth in the cannabis industry, enhancing its cultivation and retail capabilities. The company emphasizes the importance of affordable, high-quality cannabis products.

SPO Networks, Inc. (SPOI) has announced plans for a 1-for-1000 reverse stock split to enhance its prospects in the cannabis sector, where penny stock companies encounter operational hurdles. The company is preparing to apply for an upgrade from Pink Sheets to OTCQB, with long-term goals to achieve OTCQX status. This strategic move aims to facilitate acquisitions and boost operations in cannabis cultivation and retail, particularly in Colorado and Oklahoma, where several facilities are under development. Management emphasizes organic growth alongside strategic acquisitions.

SPO Networks, Inc. (OTC PINK:SPOI) announced a 1-for-1000 reverse stock split approved by its Board and majority shareholders, effective within 15 days of this announcement. CEO Tom Smith is cancelling 3,965,471,162 common shares, reducing the total outstanding shares from 8.33 billion to approximately 4.37 billion prior to the split. Post-split, outstanding shares will be about 4.37 million. The action is aimed at enhancing stock value, though the company cannot guarantee price maintenance.

SPO Networks, Inc. (OTC:SPOI) announced preliminary financials for Q4 2021, reporting revenue of over $1.9 million and a pre-tax income exceeding $200,000. For the ten months ended December 31, 2021, overall revenue surpassed $6.8 million with pre-tax income approaching $1.3 million. This follows a strong Q3 performance, where pre-tax income reported was over $2.2 million. The company is pursuing growth in waste recycling and expanding into the cannabis market, aiming for rapid expansion leveraging proprietary infrastructure.

SPO Networks, Inc. (SPOI) has reported a pretax income of $2.23 million for Q3 2021, with a cumulative pretax income of $4.93 million for the seven months ending September 30, 2021. The company also reported a net income of $536,586 for Q3 and $1.38 million year-to-date. SPOI is actively expanding in the cannabis industry and expects to recognize revenues of $186,000 from cannabis acquisitions once licenses are transferred in Q1 2022. The firm aims to enhance its operational capacity through acquisitions in diversified sectors including waste management.

SPO Networks, Inc. (OTC PINK:SPOI) announced plans to establish a 30-acre outdoor growth operation to meet soaring demand for its cannabis seeds and flowers. The company has partnered with HRS Water Consultants to design and obtain permits for a water supply for this operation. The expected launch is targeted for late spring 2022, coinciding with the high demand and successful sell-out of its initial OG Kush genetic seed crop. SPOI aims to expand its cannabis operations significantly, enhancing its cultivation and retail capabilities in the industry.