{"id":3574,"date":"2014-01-10T15:11:18","date_gmt":"2014-01-10T15:11:18","guid":{"rendered":"\/?p=3574"},"modified":"2014-01-10T15:11:59","modified_gmt":"2014-01-10T15:11:59","slug":"latteno-foods-inc-otcmktslatf-next-in-line-for-takeoff","status":"publish","type":"post","link":"\/articles\/latteno-foods-inc-otcmktslatf-next-in-line-for-takeoff\/","title":{"rendered":"Latteno Foods, Inc. (OTCMKTS:LATF): Next in Line for Takeoff"},"content":{"rendered":"

Latteno Foods, Inc. (OTCMKTS:LATF<\/a>) had its highs and lows, but finally what looks like a chance for a breakthrough. The restaurant chain was an early adopter of the medical marijuana model, as it switched from a food supply company into a producer of cannabis edibles. Thus, LATF<\/a> is the latest spiker, making the familiar pattern we’ve seen for all pot stocks in the past week. LATF<\/a> grew by more than 54% to stand at $0.0017, moving out again of the triple-zero range. Dollar volumes were above $1.42 million. \"LATF1001.png\" <\/p>\n

Now, the question is whether the ticker will manage to make a trend, or this will be just one of the usual rare good days for a rock-bottom priced stock. \"FITX1001.png\"<\/p>\n

LATF<\/a> has not been in active promotion since the summer, when it started a months-long slide to the lower range. Nor were the numerous press releases immediately effective- despite promises for funding. It was the general tide that finally lifted up LATF<\/a>. So let’s see what it can count toward its credit as an individual company.<\/p>\n

LATF<\/a> is capped now at just $3 million, but with whooping 1.8 billion shares outstanding, and a further 4 billion authorized. So far, the company has not suggested a reverse split to improve that worrying share structure.<\/p>\n

The latest news state that LATF<\/a> is now a member of the National Cannabis Industry Association, and is still working on finding research partners and expanding its edibles product range. So far, LATF<\/a> easily has a foothold within the sector. But the latest earnings announcements are still shaky:<\/p>\n