Latteno Food Corp. ( OTCMKTS:LATF LATF message board ) finally had the major event of the week, its newest financial filing. While the results don't reflect any cannabis edibles sales, the news and the expectations were enough to make the ticker very active and stable, compared to other selections on the edge of double-zero prices. On Tuesday LATF added more than 41% to $0.0116, on buying volumes of $10.67 million.

LATF is not in an active promotion, although it receives enough attention by habit, as well as by its inclusion in the Marijuana index. Still, for LATF the usual behavior in the past weeks is resistance to vaulting the one-cent level. The ticker offers a chance at days of amazing growth, more than 100% sometimes, but also of deep corrections.

LATF sounds pleased with its results, though the earnings are made mostly by a subsidiary shipping seafood. The Q4 of 2013 left LATF with:

$4,097 revenues

$15.1 million revenues for 2013

$409,909 operating profits

The new results show an increase of 4,600 percent over the revenues from 2012, and a 1,500% increase in net earnings. Even Q3 was profitable for LATF, with more than $573,000 net profits. Now, the company expects to show the results from the sale of MMJ edibles, though it is not yet clear when the sales in Colorado would take off. So far, LATF claims it has applied for a dispensary license and that it would move its headquarters to the state for the chance at legalized sales.

LATF almost sounds like a success story- if it were not for the existing and potential share dilution. The relatively low market cap of $20 million stands together with more than 1.8 billion shares outstanding, a float of 1.5 billion shares and a further 4 billion shares authorized. All of that prevents the price from being squeezed upward.

Investors' forum mention a Money Runners email that is spreading around, though we have not intercepted the particular message. Still, Money Runners sporadically promotes other MMJ shares, though it only briefly mentions LATF, with some caution because of the fast and significant dilution.

LATF was the fastest growing stock in the Marijuana index this Tuesday, followed only by Zoned Properties, Inc. (OTCMKTS:ZDPY), which grew by 33%. ZDPY had a phenomenal climb from $0.15 to $15.99, though the reason might be general enthusiasm, as the ticker only received one promotional email back in February.

MediSwipe, Inc. (OTCMKTS:MWIP) also had a successful day, with a growth above 26% to $0.52. MWIP has been making a recovery, after it took off very fast toward $0.70, but sank soon afterward to a temporary bottom at $0.20.

If you still like LATF for its vigorous activity, keep in mind that the past shows significant volatility. At least LATF is steadily above the triple-zero bottom, but costly corrections are always a possibility.