Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) announced today that its Rx Harvest Collective unit has recently acquired the South Orange County MMJ delivery service, MMJOC.com. This acquisition and extension of service areas are to include South Orange County beach cities and communities south of Highway 55. This will compliment Rx Harvest Collective's current MMJ delivery service customer base and delivery service area that covers North Orange County.
MMJOC.com currently has a client list of approximately 900 patients, the majority of them active. Latteno anticipates that the MMJOC.com acquisition along with the integration of its MMJ strains and edibles will produce a gross revenue potentially exceeding $2000 per day.
In addition to the expanded customer base, the acquisition includes marketing and intellectual properties:
- Branded domain w/ custom website
- Current Accounts with recognized social media services:
- Multiple Weedmaps accounts all of which have 4.8 or higher
- MMJ Menu account
- TextVending account w/ 250+/- signups
- Constant Contact email marketing w/ 500+ signups
- Instagram account w/ 1,000+ followers
- Formstack account
- vCita appointments account
- Custom Delivery Packs delivery backpacks for MMJ meds
- Marketing materials
All Rx Harvest Collective, CannaBeeSweets and MMJOC delivery inquiries will be centralized at the main number of (844) 332-7101.
Earlier this month, the company signed a joint venture agreement (JV) with Los Angeles based Greenlight Discount Pharmacy, a Pre-ICO Prop D license holder, to co-open and co-own a dispensary in Arleta, CA. Latteno also announced the partnership with a Pre-ICO Prop D medical dispensary operating out of Los Angeles, CA. This JV has added 4 new Marijuana strains to Rx Harvest Collective's inventory. Other projects this month include the signing of a comprehensive joint venture agreement with a Denver based, third party grower, to begin production on a 35 acre farm in Peyton, CO. Initial projections indicate that production yields could reach as high as $200,000 monthly.
The new ventures and initiatives have been developed to provide complementary, sustainable revenue streams to each market they pertain to. The partnership with the Pre-ICO Greenlight Discount Pharmacy and the addition of premier marijuana strains represent positive steps forward in the company's MMJ strategy.
Additionally, Latteno's entry into the lucrative sex enhancement industry with its Erectile Dysfunction and sexual enhancement supplement, Proprietary LT-512, has generated substantial additional revenue streams in a new major market. These new streams flow in conjunction with those currently in place in the Medical Marijuana Market (MMJ) and the seafood industry.
About Latteno Food Corp. (www.Latteno.com)
Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana edibles and related products/services to with the aim to enhance company 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 Rx Harvest Collective Inc. (www.RxHC.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. (www.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-reckoned 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.