Latteno Food Corp. (OTC Pink: LATF) announced today that it has signed a LOI agreement with a real estate holdings company to acquire MMJ grow farm in Denver.
Latteno's partner in this joint venture will remain anonymous due to the sensitive and security aspects of the project. Once a definitive agreement and funding have been accomplished, Latteno will name the JV partner and disclose its location and full details of the project.
In a nutshell, the JV partner will scout the Denver area for a suitable grow farm/licensed operators and Latteno will assist with funding to acquire the property. To expedite and facilitate the JV, Latteno has already identified office space in Colorado Springs/Denver area and will sign the lease sometime this week. The move to Colorado headquarters will take place as soon as initial funding has closed. Latteno expects early April relocation or sooner as time permits.
Other newsworthy developments that investors should expect from Latteno during the next several weeks:
-MMJ Edibles contest has been closed. Our review board will select and identify the most popular, healthy diet and announce the winner(s) by the first week of April.
-Q4 and year end 2013 financials reporting are under review by our board and accountant. Once signed off, the Company will file with OTCMarkets and put out respective press release. Latteno expects filings to be completed on or before the end of March.
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 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.
Latteno Food Corp.
SOURCE: Latteno Food Corp.