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Latteno Food Strengthens Resources & Increases Revenue Projections to Meet Demand Momentum
States Continue to Enact Favourable Legislation: USA Today Reports "Market Could Quadruple by 2018"
Latteno Food Corp. (OTC: LATF) announced today that, based on the growing number of states that have either enacted or soon to enact favourable legislation, it has been forced to increase its revenue projections and initiate an aggressive program to strengthen its infrastructure capabilities and staffing at all levels of its Medical Marijuana operations. Eighteen states and the District of Columbia currently allow its medical use.
The Company had previously announced that in anticipation of the implementation of the new growth plan and recently announced acquisition of the California-licensed Green Cannabis Collective Inc., and as a reward for the past loyalty and patience the shareholders have shown, the Board has approved a Stock Dividend that will pay all shareholders of record a 2% stock dividend. This dividend would issue each shareholder 2 new Latteno Food Corp. shares for every 100 held. The Company is currently finalizing the formal approval process and anticipates announcing the setting of the official Record Date of this stock dividend shortly.
