The Chinese part-owner of Tasmanian Botanics is set to take almost full control of the Australian firm, in a deal valued at A$31 million, expanding its footprint in the domestic market.
In a filing on the Shanghai Stock Exchange, Guizhou Yongji said its subsidiary Y Cannabis Holdings would acquire the remaining 52.69% of Pijen, the holding company that owns 96.5% of Tasmanian Botanics.
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