Latteno Applies for Colorado Optional Premises Cultivation (OPC) License
25 April 2014 - 2:45PM
Marketwired
Latteno Applies for Colorado Optional Premises Cultivation (OPC)
License
July License Approval Anticipated: Latteno Tenders Offer on
$500K Denver Grow Warehouse
DENVER, CO--(Marketwired - Apr 25, 2014) - Latteno Food Corp.
(OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that it
has made formal application to the Colorado Department of Revenue,
Medical Marijuana Enforcement Division for the State's Optional
Premise Cultivation License (OPC). State regulations permit only a
center licensee or an MMJ edible manufacturer can apply for the
OPC. The MMJ Industry was legalized by popular vote supporting
an Amendment to the Colorado Constitution allowing the use of
marijuana within the confines of the State of Colorado.
The Company also is pleased to announce that, as the next step
in its aggressive MMJ initiative, it has submitted formal Offer to
Purchase a Denver Grow Warehouse valued at $500,000. It is
anticipated that the closing will be within the next 30-60
days.
The acquisition of a Grow Warehouse represents and the formal
Application for a Colorado OPC represents the Companies strategy of
creating multiple revenue streams in each market it enters.
Specific initiatives include the MMJ Delivery Service, MMJ Grower
Warehouse facilities, MMJ Dispensaries and MMJ Evaluation
Offices.
The Company had recently announced two MMJ Delivery and Customer
list acquisitions under its newly created Rx Harvest Collectives
banner; and negotiations are currently underway to expand this
successful service across Southern California. Additionally, other
centers, including Las Vegas, Denver and Washington State are being
considered once the Company has its complimentary MMJ Evaluation
Offices, and supply sources established.
Additionally, the very positive consumer reaction to the
Company's the recently opened Medical Marijuana Evaluation office
in Los Angeles, CA, has accelerated a second opening planned for
Las Vegas, NV. This office will also be staffed by accredited
Doctors who are authorized to evaluate, recommend state-issued MMJ
cards to qualified residents. Latteno's MMJ Evaluation Service
is expected to provide a continuing source of potential MMJ
Delivery customers.
"The formal application for the OPC license and the planned
acquisition of Grow Warehouse facilities in our new home of Denver
represent a major step forward in the implementation of our
aggressive business strategy," commented CEO Thu Le. "Our
multiphase approach to creating complementary revenue streams is
unique in the industry. We look forward to continued progress
in all our operating units."
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 Rx Harvest Collective Inc. (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.
(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 (310) 974-6043
info@latteno.com
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