LONDON, UNITED KINGDOM--(Marketwire - Sept. 18, 2012) - Today the boards of Global Green Cherry and Bulgarian Orchards confirmed they are in advanced negotiations with one of the worlds' leading suppliers of fruit and vegetables; to enter into a joint venture agreement in Bulgaria. The partnership will result in a significant expansion of the operations in the region.
Global Green Cherry was established as a landholding company in order to capitalise on the enormous profitability of cultivating cherries on a commercial scale. By utilising cutting edge cultivation techniques and new dwarfing rootstocks, Global Green Cherry and Bulgarian Orchards are positioning themselves as the leader in cutting edge commercial scale cherry production, resulting in yields more than double that of standard orchards.
Directors of Global Green Cherry, Torben Soerensen & Morten Jensen stated:
"This partnership offers enormous potential for increases in yield and capital growth, alliances with industry leaders supports our belief that we are becoming an important participant in the cherry cultivation business. We are excited about the prospect of working with an organisation that brings years of experience and expertise, an extensive global logistics network and perfectly complements our strategy of continued growth whilst delivering shareholder value."
It is expected that the companies will make further announcements, confirming their new partnership in the coming weeks.
Global Green Cherry is the result of extensive consultation with Global Green Capacity, a leading global development and consultancy company specialising in lucrative and socially responsible green investment projects in rapidly growing, emerging markets.