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Latteno Acquires Pre-ICO MMJ License Operator Vemas Herb & Health's Operating Divisions
CannaBee Sweets & MedCann Express to Be Integrated With Latteno's Operations: Full Line of CannaBee MMJ Edibles
|By Marketwired .
|May 20, 2014 07:45 AM EDT
DENVER, CO -- (Marketwired) -- 05/20/14 -- Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce the closing of an Acquisition Agreement with Vemas Herb & Health, one of Los Angeles' first and premier pre-ICO Medical Marijuana (MMJ) license holders, to acquire their MedCann Express and CannaBee Sweets operating divisions. The two divisions will be integrated into Latteno's current operations; and the Company will integrated the best selling products and services across the Company's varied operations.
MedCann Express' top of the line, high premium strains will be added to the growing products line at Rx Harvest Collective (RxHC.org) along with best-selling coeds LT-512 sex enhancement pills.
Additionally, CannaBee Sweets' fine line of MMJ edibles will be integrated into Latteno MMJ edibles offering as Latteno's Premier brand. The new CannaBee Sweets website is currently under construction.
"We are very excited with the acquisition of Vemas' operating divisions and the potential they hold as we integrate them into our operations. We look forward to further announcements as the next steps in our products development," commented CEO Thu Le. "This acquisition is an important step in our aggressive growth strategy."
The Company had recently announced a major diversification in the Sex Enhancement - Erectile Dysfunction Treatment Industry with the introduction of the its Proprietary LT-512 100% Natural Sex Enhancement that increases sexual arousal in both men and women, and is a safe and effective treatment for Erectile Dysfunction that does not required a doctor's prescription. Rx Harvest Collective maintains exclusive rights to distribute this formula as private label sex enhancement pills.
Initial reaction, from consumers and retailers and distributors who want to retail and/or distribute LT-512, has been beyond expectations has prompting an immediate increase in production and inventory levels. The Company had also announced the addition of Erectile Dysfunction Treatment, including LT-512, to its LA Medical Evaluation Office practice.
The Company's entry into Erectile Dysfunction and Sexual Enhancement Treatments across a number of its operating divisions represents substantial additional revenue streams in a new major market; in addition to those currently being developed in the Medical Marijuana Market (MMJ) and the seafood distribution industry.
Additionally, the Company has recently announced progress on numerous fronts both in California, Nevada and, their new home, Colorado. Specific initiatives include the MMJ Delivery Service, MMJ Grower Warehouse facilities, MMJ Dispensaries and MMJ Evaluation Offices. Each of these initiatives has been developed to provide complementary sustainable revenue streams to each market it opens.
About Latteno Food Corp. (www.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. (www.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. (www.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.
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