LATF NEWS
Legal Marijuana Spurs Acquisition Company to Move to Colorado
Feb 15, 2014 (ACCESSWIRE via COMTEX) -- During the turn of the 19th century there was gold fever, but today there is legal-marijuana fever, which is causing companies to reinvent themselves and even pick up and move their headquarters in order to claim their stake in the new marijuana gold rush.
New Headquarters in Colorado Springs
Latteno Food Corp. (OTC Pink: LATF) stock volume soared Feb. 13, 2014 with 547,371,968 shares changing hands, nearly double its three-month average volume of 279,036,621 shares.
The high volume was most likely generated by the news that the acquisition company is picking up and moving its headquarters from Santa Anna, Calif. to Colorado Springs, Colo. to cash in on the medical marijuana gold rush.
Strategic Move
According to Feb. 12 release, the strategic move to Colorado will allow Latteno to capture a fast growing market through partnership and acquisitions. Latteno said it has contemplated the possibility of divesting current assets to concentrate solely on capturing and growing the medial marijuana business.
The company also has prepared to establish a presence in Washington in anticipation of next wave in recreational use legalization.
Meanwhile the Latteno Food has forged partnerships with dispensaries and clinics in both Arizona and Nevada. Joint products development is underway as the company prepares to send representatives to field offices for further negotiations.
On Feb. 13, LATF share price closed at 1 cent, unchanged from its closing price the previous day.
