Chinese firm Yongji Health completes $31m takeover of Tasmanian Botanics
Chinese firm Yongji Health completes $31m takeover of Tasmanian Botanics
Yongji Health, a subsidiary of Shanghai Stock Exchange-listed Guizhou Yongji Printing, completed a A$31 million takeover of Australian medicinal cannabis cultivator Tasmanian Botanics in September 2026. [1]
Key Details of the Acquisition
- Transaction Value: A$31 million (approximately US$20.3 million). [1]
- Sellers: The remaining shares were acquired from original backers Marlene Anne Fehlberg, Rodney David Fehlberg, and Tony Alan Fehlberg. [1]
- Corporate Structure: Yongji Health operates as the parent company of Phytoca and functions through its subsidiary Y Cannabis Holdings Pty Ltd
