Latteno Food Corp. (OTCMKTS:LATF) Ends Its Bad Streak

Every company stock in the medical marijuana sector has had a tough period lately and Latteno Food Corp. (OTCMKTS:LATF) isn’t any different. Yesterday, however, was a good day for most of the medical cannabis stocks as they recovered some of the lost value.

Despite the fact that yesterday’s movement is most probably dictated by the overall news about the industry LATF was one of the few companies to come up with a press release. Yesterday, the company announced that they have been added to The Marijuana Index as one of the core medical cannabis companies.

In fact, that isn’t such a big deal, because almost every stock of a company in the medical marijuana industry is on the index, so we reckon that this wasn’t the reason for the upward movement of LATF yesterday.

Nonetheless, LATF made one of the biggest percentile movements in the session, compared to other stocks in the sector, gaining 22% on above average volumes. We saw a total of 732 million shares switch hands during the session, which generated a good $5.8 million in trade value.

Still, the sector remains a bit shaky after the initial upward run and the high gains that the stocks of the companies in the industry made. Most of the tickers have been swaying in both direction recently, which doesn’t provide much stability for a quick play.

It’s quite visible in the charts of companies like Medical Marijuana, Inc. (OTCMKTS:MJNA), Cannabis Science, Inc. (OTCMKTS:CBIS) and Growlife, Inc. (OTCBB:PHOT), who made some gains yesterday after descending the charts for a while, but started today’s session on a bad foot.

This is the exact reason for which we would advise you to do your due diligence and weigh out the risks if you are thinking of investing in any MMJ venture.