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Trusted by
Acquiring Company
Yongji Health
Acquired Company
Tasmanian Botanics
Guizhou
TasmaniaHealth CareAgriculture and FarmingCannabisDescription
Yongji Health has acquired a 52.69% stake in Tasmanian Botanics from the Fehlberg family for $31 million. This purchase increases Yongji's indirect stake in Tasmanian Botanics to 96.49%. The deal, approved by Yongji’s board last year, aims to bolster the company's presence in the Australian medicinal cannabis market.
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Frequently asked
Who acquired Tasmanian Botanics?
Tasmanian Botanics was acquired by Yongji Health, based in Guizhou. The deal was reported on September 29, 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 29, 2026. Yongji Health has acquired a 52.69% stake in Tasmanian Botanics from the Fehlberg family for $31 million. This purchase increases Yongji's indirect stake in Tasmanian Botanics to 96.49%. 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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