Acquiring Company
Yongji Health
Acquired Company
Tasmanian Botanics
Guizhou
TasmaniaHealth CareAgriculture and FarmingCannabisDescription
Yongji Health has completed the $31 million acquisition of Tasmanian Botanics, gaining nearly full control of the company. This acquisition includes the purchase of shares previously held by the original backers of Tasmanian Botanics. Yongji Health's move is part of its strategy to strengthen its presence in the health and wellness sector. The procurement consolidates Yongji's ownership in the growing cannabis market.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Tasmanian Botanics?
Tasmanian Botanics was acquired by Yongji Health, based in Guizhou. The deal was reported on September 9, 2026. Yongji Health is a Chinese firm specializing in the health and wellness sector. It is the parent company of Phytoca and a subsidiary of Guizhou Yongji Printing. Yongji Health is privately held and operates in Health Care.
When did Yongji Health acquire Tasmanian Botanics?
Yongji Health's acquisition of Tasmanian Botanics was reported on September 9, 2026. Yongji Health has completed the $31 million acquisition of Tasmanian Botanics, gaining nearly full control of the company. This acquisition includes the purchase of shares previously held by the original backers of Tasmanian Botanics. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tasmanian Botanics do?
Tasmanian Botanics is a cultivator specializing in the growth and production of botanical products, particularly in the cannabis sector. The company holds significant stakes in various related ventures. It is privately held, operating in Agriculture and Farming, and is based in Tasmania.
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