Latteno Food Corp. (OTC Pink: LATF) announced today that management has been scouting the neighboring states of Arizona, Nevada and after serious discussions and consideration, the Company has decided to open offices there to capture a sizable market share in our edible and smokeless products. The company has been negotiating with third parties in Arizona/Nevada to initiate cooperative and joint venture arrangements for production, testing, and distribution of products under the Green-Cannabis and Valley Organics brand name. These include the long awaited Latteno products/services line expected for release in early 2014, with Arizona, California and Nevada as the first 3-state market in the United States for testing in several critical ailment categories.
Latteno's entrance in both Arizona/Nevada market stems not only from the legal medical cannabis regulatory environment but also from the general openness with which those states have embraced cannabis, including the extension of legalization to recreational cannabis use for individuals over the age of 21, with a forward looking regulatory and taxation policy. This environment speaks highly of the future of Latteno Corporation's development opportunities in those states, which have tremendous opportunity for medical cannabis market at this early stage.
"We are very excited about the prospect of entering Arizona and Nevada to capture a significant share of the fast-growing medical marijuana edibles and related products," said Thu Le, Latteno's CEO. "This opportunity comes at a strategic time for us to expand our unique MMJ products line and services in addition to our home state California. The sooner we get there, the quicker for us to unveil our products which we will announce in subsequent news releases," concluded Ms. Le.
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.
About Green Cannabis Collective Inc. (Green-Cannabis.com) Southern California-owned and licensed medical marijuana dispensary and transporting. The specific purpose of this corporation is to collectively facilitate medical marijuana cultivation and transactions by and between qualified patient members of this corporation and/or primary caregiver members who have the oral or written approval or recommendation of a licensed physician, as permitted and authorized by the Compassionate Use Act of 1996 (Health and Safety Code section 11362.5) and the Medical Marijuana Program Act (Health and Safety Code sections 11362.7 - 11362.83).
About Valley Organics Inc. (ValleyOrganics.org) Southern California-owned and licensed medical marijuana co-op and transporting. The specific purpose of this corporation is to collectively facilitate medical marijuana cultivation and transactions by and between qualified patient members of this corporation and/or primary caregiver members who have the oral or written approval or recommendation of a licensed physician, as permitted and authorized by the Compassionate Use Act of 1996 (Health and Safety Code section 11362.5) and the Medical Marijuana Program Act (Health and Safety Code sections 11362.7 - 11362.83).
About Mekonza Corp. (Mekonza-corp.com) Headquartered in Southern California since 2006, Global Trading Group (GTG) started out as a luxury/exotic car exporter and eventually branched out into seafood importing which came about Mekonza Seafood. The variety of seafood products we offer has allowed us to be an innovator in product development. The diversity of our products allows us to be the next force-to-be-reckon-with in the seafood industry. Mekonza has grown from a small one-man operation to one of the West Coast's most innovative and well-equipped seafood importing and processing companies. With outstanding customer service as our secret sauce and key ingredient, we're on our way to be the industry's leader committed to achieve the highest possible standards in quality, service to our clients, suppliers and investors.
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: Latteno Food Corp. Investor Relations (714) 382-6808 info@latteno.com
