Green Planet Agriculture already has growing rights to the new cherry and plum hybrid "Nadia" which is growing in three sites across the state.

Coronavirus: All the latest updates on COVID-19 for Tasmania

It hopes to eventually see the fruit from Nadia sold to the Chinese export market but in the meantime, and on the back of an 8.4 per cent growth in Australian horticulture, it now plans to acquire an existing profitable business in the horticulture sector in Tasmania, or develop a new project that exhibits clear market need and a compelling business case.

Green Planet managing director Justin Birchmore said the company was expanding, diversifying and looking to invest.

"We've got access to a good network of Australian institutional investors ... what we are hoping to do in the broader context beyond Nadia is to utilize our access to institutional investment funds to grow and develop the agricultural sector in Tasmania," Mr Birchmore said.

"For whatever product we are looking at, export if front of mind. It is a very tumultuous time at the moment [with COVID-19] but hopefully by the time we are in a position to export, those challenges will be behind us," he said.

"Agriculture is going to emerge as one of the best performing sectors in the economy when we are through the other side of this. People are going to have a much greater appreciation for agriculture, and underpinning this will be recognition of fresh, healthy food."

In regards to the development of Nadia, Mr Birchmore said three Tasmanian growers including one in the North were part of an optimisation trial for the fruit, that saw up to 50 trees planted in each region.

Nadia, which is effectively a plum-sized, fleshy "premium" cherry with a small pip, is already grown in Shepparton, Victoria, and Woolworths purchases all of this product.

"We've had the exclusive Tassie grower rights for a few years and we have trees in the ground which are approaching their first fruit this next harvest.

"These are only small, non-commercial harvest volumes, where we want to first identify the optimum growing conditions for each of the three regions. We have got a commercial volume of trees in tissue culture at the moment and in about a year we will be looking to plant those out."

Agrarian Kitchen and Fat Pig Farm are also growing Nadia.

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