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Latteno Food Announced Closing of Acquisition Agre

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Post# of 29744
Posted On: 05/28/2014 9:27:27 AM
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Posted By: fitzkarz
Latteno Food Announced Closing of Acquisition Agreement

Latteno Food Corp. (OTCPINK: LATF) saw its share volume skid on May 27th with 77,193,040 shares exchanging hands, more than half less than its three month daily average volume of 157,821,510 shares.

Latteno Food recently announced the closing of an Acquisition Agreement with Vemas Herb & Health, one of Los Angeles' first and premier pre-ICO Medical Marijuana (MMJ) license holders, to acquire their MedCann Express and CannaBee Sweets operating divisions. The two divisions will be integrated into Latteno's current operations; and the Company will integrated the best selling products and services across the Company's varied operations.

CannaBee Sweets' fine line of MMJ edibles will be integrated into Latteno MMJ edibles offering as Latteno's Premier brand. The new CannaBee Sweets website is currently under construction.

"We are very excited with the acquisition of Vemas' operating divisions and the potential they hold as we integrate them into our operations. We look forward to further announcements as the next steps in our products development," commented CEO Thu Le. "This acquisition is an important step in our aggressive growth strategy."

LATF closed the day at $.0048 on May 27th, 9.09% higher than its previous close of $.0044.


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