Please turn your immediate attention to SPO Networks, Inc. (SPOI)
The Company appears to be extremely undervalued at the moment, trading well below its 52-week high of $0.0099
That’s an over +80% upside from today’s levels!
SPO Networks, Inc. (SPOI) is a newly launched medical and recreational cannabis and genetic seed operation plus an established revenue-generating waste/recycling subsidiary.
This is an exciting time for the marijuana industry sector as a whole, and many analysts are calling for a bull rally! What HappenedMarijuana stocks are on fire this week as prospects for full-scale marijuana legalization improved in Washington.As MarijuanaMoment.net reports, a panel from the U.S. House of Representatives — having passed its SAFE Banking Act (a law legalizing banks doing business with cannabis companies) as part of the 2022 National Defense Authorization Act last week — is now preparing for a vote to “federally legalize marijuana” outright.
Shares of marijuana stocks are responding as you’d expect.
SundialGrowers (NASDAQ:SNDL), Tilray (NASDAQ:TLRY), Canopy Growth (NASDAQ:CGC), and Aurora Cannabis (NASDAQ:ACB) all are gaining streets attention.
According to the report, the House Judiciary Committee will begin marking up a “dozen pieces of legislation.” Chief among them will be the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which would “decriminalize marijuana federally” by removing marijuana from the Controlled Substances Act. The bill would also create a marijuana tax — giving even representatives who are waffling on the law a reason to support it: tax revenue.
At the same time, the UPI reported on a study conducted under the auspices of the Journal of the American Medical Association, which found that “reported daily use of marijuana did not substantially increase even after recreational use [in states where marijuana has been] legalized,” and that “there was not a rise in marijuana use disorder in these states,” either — rebutting media reports of an epidemic of reefer madness that gained attention over the summer.
So that right there gives marijuana investors two reasons to feel optimistic about the prospects for legalization. Would you like a third?Over in the Senate, which must sign off on any law that the House passes, there’s been a lot of talks lately about how pro-legalization Senators didn’t want to pass the SAFE Act alone but legalize cannabis entirely all in one go. If the MORE Act gets passed by the House and sent to the Senate, those senators could do just that
SPOI Is The Marijuana Stock You’ve Been Waiting For
About SPO Networks, Inc.
SPO Networks, Inc. SPO maintains the belief that patients and customers have a right to high-quality 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. Additionally, it is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling, and demolition with special waste remediation.
Tom Smith Founder of Red Line and CEO of SPO Networks Inc. said: “We have witnessed demand exceeding our supply for our initial launch… which is an enviable situation. We sold out of seeds from this initial harvest in about a week. We are scaling up to reach and exceed demand in all categories, seed and flower. More plants are in queue for harvest by the end of September.
On September 14, 2021, the Company announced it has engaged a premier groundwater and water resources consulting firm in Colorado to assist in the design and permitting of a water supply for a proposed 30 acre outdoor growth operation adjacent to the Company’s existing greenhouse facility.
Tom Smith Founder of Red Line and CEO of SPO Networks Inc. said: “With the extent of the demand we have seen for our seeds (and in anticipation for the demand of flower for our wholly owned dispensaries) we accelerated our growth schedule and decided we needed to add to our cultivation resources. Pending the permits required we hope that have the operation ready by late spring 2022.”
SPOI focused on finding ways to monetize assets and increase shareholder value and are actively exploring potential acquisitions and opportunities in diversified industries, including 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.
The substantial revenue recently reported provides a very positive outlook, further solidifying the strong fundamentals that we have crafted, as the Company continues with its expansion plans to increase shareholder value.”
The company recently reported filing shows that they have started to generate substantial revenues… $778,784 for the March to June time period… and have announced that they have added more revenue-producing assets after June 30.