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LATF FULL REPORT
In January the company announced a New Business Plan that called for acquisitions and growth in the Medical Marijuana Industry which is currently estimated to be a $1.7 - $2.0 Billion and according to some estimates could be as large $46.2 billion if cannabis were legalized nationally. In addition to current operations, the Company anticipated acquisition of new operations adding over $2,100,000 to the company's growth plan.
Latteno announced the acquisition of California-licensed Green Cannabis Collective Inc. to further expand its medical marijuana edible market. Latteno and Green Cannabis will have research scientists and medical physicians on staff at our Orange County research facilities to conduct ongoing experiment and research on medical marijuana and Oriental herbal medicine to cure terminally ill diseases such as HIV/AIDS and cancer to sick Californians as well as international clients in China and Southeast Asia.
In April the company announced the signing a letter of intent to acquire Mekonza Corp., a seafood importer from Southern California with strong ties and business connection in Vietnam and Southeast Asia.
"We are pleased to make great progress on we have made in the first four months of 2013 and look forward to continued growth and acquisitions on our road to achieve explosive growth via medical marijuana edible and other food-related businesses," stated Thu Le, Chief Executive Officer. "We would like to thank our shareholders for the patience and we look forward to further announcements as the next phases of planned expansion and growth strategy come to fruition."
About Green Cannabis Collective Inc. (Green-Cannabis.com)
Green Cannabis Collective, Inc. is a southern California-owned and licensed medical marijuana dispensary 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).
Mekonza Corp., Headquartered in Southern California since 2006, 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 they offer has allowed them to be an innovator in product development. The diversity of thier products allows them 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.
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