Unique Pilot Project with Licensed Grower to Ensure High Productivity
DENVER, CO / ACCESSWIRE / August 11, 2014 / Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is please to announce that its first Colorado MMJ Grow Farm Partnership Project is set to begin cultivation within the next two weeks. The unique Grow Farm Project is part of Latteno's aggressive MMJ Initiative and is designed to maximize productivity and profitability by partnering with experienced Licensed Growers.
Latteno's Colorado MMJ Grow Farm Partnership Project is based on the business model whereby, the Company buys available farm land in Colorado's IA zone and partners with experienced Licensed Grower. This arrangement will provide the Company with the required experience and licensing to ensure high productivity and reduce 'trial and error' waste.
The process has been streamlined and has been developed to adapt easily to multiple Projects:
- Close escrow on a farm/warehouse in Denver IA zone, the zone in Denver with the capability of upgrading electrical power from the standard 200 megawatts to the required 800.
- Sign contract with Licensed Grower.
- Apply for electricity upgrade with local utility; required transformer is order by Utility
- 4-5 weeks after the application has been submitted the Utility provides us with the transformer.
The Company is pleased to announce that it already has already acquired the property for the Pilot Project; formally applied (3 weeks ago) to the local Utility for power upgrade; completed agreements with the Licensed Growers; and reasonably expect to have power generator upgraded within the next week or two and cultivation commenced immediately thereafter. In fact, the Growers have already acquired the seedling MMJ plants.
The Company believes that its Colorado MMJ Grow Farm Partnership Project is an integral part of its overall MMJ Strategy and the new ventures and initiatives have been developed to provide complementary, sustainable revenue streams.
The Company expects to file its 6 month financials and disclosure documents as required by OTCMarkets in the next few days.
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 with the aim to enhance company 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, the founders 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-reckoned 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.
Latteno Food Corp.
SOURCE: Latteno Food Corp