Agrieuro Corp (OTCBB:EURI) issued an update pertaining to its sales, revenues and operations forecast. The company has sold out its recent reed harvest at a mean price of 1.55 euro a bundle after strong global demand. At this time, the reed demand still outweighs the existing supply and the firm is working on numerous solutions to get more reed into the market.
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Agrieuro CEO reported that they are actually anticipating to harvest a record quantity of reed in 2017, far surpassing 2016 harvest. Irrespective of that, they consider that the harvest can be entirely sold out even before it’s ready to offer. The company intends to continue investing in new projects and equipment a jump of yields to 1 million bundles yearly in the coming 24 months.
The management consider that they have barely explored the surface in respect of what is possible with this asset and are dedicated to taking all the measures required to bring it to its full prospect as soon as possible.
Earlier, Agrieuro reported that it has successfully closed a $204,255 sum that was due on December 31, 2015 for the sustained ownership of its flagship property in Romania. The firm continues to strategically advance and improve its measures on the Danube Delta as it projects record revenues for FY2016 stemming from an expected strong harvest of water reed and its initial commercial trades of organic fish in Europe. Radu Cosmin Monda, the CEO of AgriEuro Corp, reported that they will continue to keep investors appraised periodically as developments continue.
The company operates in the aquaculture, tourism and agricultural industry in Europe. Its flagship asset is sited at the junction of the Black Sea and Danube delta and encompasses many revenue-generating and soon-to-be generating businesses. It spreads over 4,200 acres on a famous Unesco World Heritage site.
