Chinese-Owned Firm Takes over One of Australia's Largest Cannabis Farms

newsweed.fr

Factuality

Ownership

Yongji Health, a Chinese company already a shareholder of Tasmanian Botanics, has finalized the acquisition of shares still held by the incumbent investors of the Australian producer. A transaction of A$31 million that now puts the Chinese group in a situation of almost total control of the Tasmanian company. The transaction, finalized in September 2026 and relayed by Cannabiz.com.au, also illustrates the continuing interest of international cap…