Latteno Food Corp. to acquire $2.1 Million of sales as company expands into medical cannabis edibles Management Expands Business for Several Immediate Acquisitions/Joint Ventures in the Medical Marijuana Products/Services Field
SANTA ANA, Calif., Jan. 10, 2013 /PRNewswire/ -- Latteno Food Corp. (OTC: LATF) today announced its anticipated acquisition of new operations adding over $2,100,000 to the company's growth plan.
The Company is expanding into the exploding new marketplace of medical marijuana and cannabis edibles.
Medical marijuana edibles have been popular ever since the 60s, when people would prepare it in the oven in brownie and cake mixes to stimulate the THC. Modern medicinal marijuana distributors and retailers have mastered preparing many different edible products. Now patients have several ways in which they can take their medication, in contrast to only being able to smoke or vaporize it.
"We're delighted to be a part of the newly-sought after field of medical marijuana edibles. We believe the market potential and grow curve potential significant. Our addition of over $2,100,000 to our existing sales and operations is the first of several growth acquisitions we intend to complete. We will also be releasing our various revenue and growth projections in the coming weeks," stated Ms. Thu Le, Chief Executive Officer.
"Additionally, with our existing food and beverage related distribution and marketing infrastructure, Latteno is perfectly positioned to service cannabis dispensaries. With that in mind, I would like to draw your attention to our new website Latteno.com. This site will serve as the central hub for all business units as well as communication link between our investors, customers and management," continued Ms. Le.
The Company will not now, or at any time in the future, execute a reverse split of its common stock. Furthermore, the Company has prepared all current disclosures and financials and will timely file with the OTC Disclosure Service. Subsequent to this filing the Company expects its trading status to be upgraded to "Current Information", thereby increasing shareholder liquidity and market attractiveness.
About Latteno Food Corp. (Latteno.com)
Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana edibles and related products/services to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and product licensing or distribution agreements.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
Contact: Investor Relations (714) 426-2955
SOURCE Latteno Food Corp.