Latteno Food Corp. (OTCMKTS:LATF) Doubles on Earnings Announcement
Latteno Food Corp. (OTCMKTS:LATF) does what double-zero stocks do best- revisit positions. The ticker added a good round 100%, but the result of that doubling was miniscule- a return to the September peak at $0.0014. And there is an easily explainable reason- the recent financial filing that may show whether the sub-penny price is justified. 
The biggest bid for fame and success for LATF was to ride the medical marijuana trend, and become an exclusive producer of edible products containing cannabis. And all this brought a 4600% rise in revenues and a 1500% rise in net profits. The newest filing shows $573,194 net profit for Q3 ended in September. Still, LATF has not posted its 10Q with the SEC on time, and just this year posted a new Form 15-12 G for security termination. The latest financial reports with the official SEC date back to 2012. 
LATF achieved most of its success through the Green Cannabis wholly owned subsidiary, although initially LATF had interests in supplying seafood. Before improving its results, LATF only held:
- $1,000 cash
- $116,000 total current liabilities
- $267,000 revenues
- $47,000 annual net loss
The new quarters would show if LATF manages to improve its other financial markers. Still, LATF has a lot of surprises as long as it stands in the double-zero range. Yet the company has the potential to outshine its stock performance, as medical marijuana sales turn out good for many companies in the sector.
LATF has not been promoted since the beginning of August, and we can track quite well the effect- a loss o
f 75%, even at those rock-bottom prices. Since the last email, LATF slid down from $0.004, only attempting short recoveries in the past month.
An accessible medical cannabis ticker, GreenGro Technologies, Inc. (OTCMKTS:GRNH) has fallen down to a level of 3 cents after the promotions went silent. The ticker has been hovering at those levels for a while, offering some temporary peaks.
The industry bellwether, Medical Marijuana, Inc. (OTCMKTS:MJNA) is still drifting sideways around 14 cents.
It is still unknown if the sector could make a breakthrough like in the early days. Still, LATF can offer a shaky ride on its ground-level price. If you believe you can benefit from one of the spikes, keep in mind that the stock has seen deep and sudden losses as well, and stay away from unaffordable investments.
