Latteno Announces Entrance Into Arizona/Nevada Medical Marijuana Market With Plans for Local Joint Venture/Partnership
November 04 2013 - 1:18PM
Marketwired
Latteno Announces Entrance Into Arizona/Nevada Medical Marijuana
Market With Plans for Local Joint Venture/Partnership
SANTA ANA, CA--(Marketwired - Nov 4, 2013) - 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
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