Latteno Food, Corp. (OTCMKTS:LATF) Heads Again for the Cents

Latteno Foods, Corp. (OTCMKTS:LATF) now has a truly viable chance to finally break through the one-cent barrier, as it heads for the shortened trading week from a position of $0.0098. The last three days came in with increasing buying volumes, despite the fact that LATF is sometimes slow with new promotions. On the last trading day, LATF added only 8.89% on $5.93 million buying volumes. If we count on that buying momentum, LATF has all the chances to jump as markets reopen. LATF1802.png

LATF is gaining more and more trust with investors, despite the fact that only a month ago it was depressed down to triple-zero positions. This cannabis edibles company gives more and more signs it is here to stay, and turn into a pure marijuana business, divesting other assets. Now, LATF has all the chances of rising further in anticipation of its financial results.RFMK1802.png

Investors forums vary in opinions, some seeing the business potential of LATF and others taking it as purely a chart play, due to the low price and the rather high volumes that allow for robust movement. There is a mention of an older target price of two cents some time soon, which may turn out a self-fulfilling prophecy, since it is high time that LATF made a more noticeable move.

Recently, the website of the company looks a bit more active with news and updates, allowing for user-submitted recipes of marijuana edibles. But this is just a small addition, and for now, there is little organized hype around the name of LATF. Unfortunately, the fallout to extremely low levels was precipitated by past promotions, which did short-term good, but also a lot of harm to the stock price.

For now, LATF recalls the movements of Rapid Fire Marketing, Inc. (OTCMTS:RFMK), a producer of vaporizers that also started from the triple-zero positions, headed for penny levels but for now slid back toward $0.0036. RFMK had a rather solid run, keeping up the pace with a clear-cut strategy to enter the cannabis sector. Compared to other triple-zero companies, the better promise of vaporizer sales kept the rise beyond the initial days of wild exuberance.

Some of the most actively traded tickers in the marijuana sector are also preparing for the new session after ending last week on a positive note. GreenGro Technologies, Inc. (OTCMKTS:GRNH) headed upward again toward the 50-cent level, and TerraTech Corp. (OTCBB:TRTC) is preparing to launch off at 54 cents. Now, it is a matter of general optimism or pessimism, since marijuana stocks sometimes have quieter days, and some days turn out to be a carnage of selling and downward movements for most tickers.

In the case of LATF, it is best to be aware that while the price has a strong momentum, so far profit-taking has kept it in check, and investors’ confidence is not enough to take the ticker for a run to a more substantial share price.

Latteno Food, Corp. (OTCMKTS:LATF) Heads Again for the Cents

Latteno Foods, Corp. (OTCMKTS:LATF) now has a truly viable chance to finally break through the one-cent barrier, as it heads for the shortened trading week from a position of $0.0098. The last three days came in with increasing buying volumes, despite the fact that LATF is sometimes slow with new promotions. On the last trading day, LATF added only 8.89% on $5.93 million buying volumes. If we count on that buying momentum, LATF has all the chances to jump as markets reopen. LATF1802.png

LATF is gaining more and more trust with investors, despite the fact that only a month ago it was depressed down to triple-zero positions. This cannabis edibles company gives more and more signs it is here to stay, and turn into a pure marijuana business, divesting other assets. Now, LATF has all the chances of rising further in anticipation of its financial results.RFMK1802.png

Investors forums vary in opinions, some seeing the business potential of LATF and others taking it as purely a chart play, due to the low price and the rather high volumes that allow for robust movement. There is a mention of an older target price of two cents some time soon, which may turn out a self-fulfilling prophecy, since it is high time that LATF made a more noticeable move.

Recently, the website of the company looks a bit more active with news and updates, allowing for user-submitted recipes of marijuana edibles. But this is just a small addition, and for now, there is little organized hype around the name of LATF. Unfortunately, the fallout to extremely low levels was precipitated by past promotions, which did short-term good, but also a lot of harm to the stock price.

For now, LATF recalls the movements of Rapid Fire Marketing, Inc. (OTCMTS:RFMK), a producer of vaporizers that also started from the triple-zero positions, headed for penny levels but for now slid back toward $0.0036. RFMK had a rather solid run, keeping up the pace with a clear-cut strategy to enter the cannabis sector. Compared to other triple-zero companies, the better promise of vaporizer sales kept the rise beyond the initial days of wild exuberance.

Some of the most actively traded tickers in the marijuana sector are also preparing for the new session after ending last week on a positive note. GreenGro Technologies, Inc. (OTCMKTS:GRNH) headed upward again toward the 50-cent level, and TerraTech Corp. (OTCBB:TRTC) is preparing to launch off at 54 cents. Now, it is a matter of general optimism or pessimism, since marijuana stocks sometimes have quieter days, and some days turn out to be a carnage of selling and downward movements for most tickers.

In the case of LATF, it is best to be aware that while the price has a strong momentum, so far profit-taking has kept it in check, and investors’ confidence is not enough to take the ticker for a run to a more substantial share price.

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