The major food/MMJ company has signed a Letter-of-Intent agreement with Real Estate Holdings Entity, which makes it just a step away to obtain a medical marijuana farm in Colorado.
ForexMinute.com – Renowned medical marijuana edibles company Latteno Food Corporation (OTC Pink: LATF) is in talks with a real estate holding company to purchase a MMJ growing facility in Colorado. Both the parties have even signed an LOI agreement for the same.
Latteno has also partnered with an anonymous company, which will going to help them look-out for the most suitable areas to grow cannabis. The role of the Latteno in the whole process will be to provide necessary funds to acquire the property. The company has further assisted its undisclosed Joint-Venture by already identifying the office space in Colorado Springs/Denver. The company will hopefully sign the lease this week and will expectedly relocate in April 2015.
The effect of the announcement was also seen in the share value of Latteno Food Corp. It opened today at 0.0069, and has risen 22.86% at the time of writing, trading at 0.0086. It will likely to reach the maximum threshold of 0.0093 throughout the day. Yesterday, it got closed at 0.0070.
The upcoming days are further proving to be crucial for Latteno investors as the company will be going to select and identify the most popular, healthy diet and announce the winner(s) by the first week of April. The company’s Q4 and year end 2013 financials reporting are also under review by their 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.
To contact the reporter of the story: Jonathan Millet at email@example.com