Claims extracted
19
sentences that state something as happening or true
Uncertain
16%
3 of 19 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
68/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
In short:
A subsidiary of a Chinese company has taken on almost complete control of a Tasmanian medicinal cannabis business.
asserted
subsidiary → take → business
The chief executive of Tasmanian Botanics says it is "business as usual" for staff and customers.
asserted
it → say → staff
The Foreign Investment Review Board has been contacted for comment.
asserted
Board → contact → comment
One of Australia's largest cannabis cultivators is now almost entirely owned by Chinese-owned firm Yongji Health.
asserted
One → own → Health
Company documents show Yongji, a subsidiary of a Guizhou-based company, has taken full control of Pijen, which owns more than 95 per cent of the shares in Tasmanian Botanics.
asserted
which → show → Botanics
Yongji was already a part-owner in Pijen but purchased the remaining shares from Australian shareholders in a deal worth about $31 million, according to industry publication Cannabiz.
uncertain
Yongji → purchase → Cannabiz
Tasmanian Botanics cultivates, manufactures and packages medicinal cannabis products from a farm and processing facility at Pontville in southern Tasmania.
asserted
Botanics → cultivate → Tasmania
The company's chief executive, Craig Knight, told 936 ABC Hobart that while foreign investment could "sound ominous", there was no indication there would be any significant changes for staff or customers.
uncertain
investment → tell → staff
"It's been one of the things that has been crystal clear throughout the whole process," Mr Knight said.
asserted
Knight → say → process
"They want the company as it is, if not bigger than it is, so there are no issues around job security or changes to operations."
asserted
it → want → operations
More than 150 people work at the Tasmanian Botanics site, which includes a greenhouse and an outdoor crop of about 2.5 hectares, as well as packaging and manufacturing facilities.
asserted
which → work → hectares
The takeover comes at a time when the Australian medicinal cannabis industry grapples with increased competition from overseas manufacturers, particularly in Thailand.
asserted
industry → come → Thailand
Mr Knight said Yongji had made a "significant investment", which showed the firm's confidence in the Australian sector.
asserted
which → say → sector
"People don't invest this type of money into something they don't have confidence in — that's very much how I viewed it," he said.
asserted
he → invest → it
"We're now part of a bigger company … which also has other assets in the medicinal cannabis industry in Australia, so it's a pretty good synergy."
asserted
it → have → Australia
The cannabis farm boss said that while some might be concerned about foreign ownership, it was simply one of the realities of the business world.
"
uncertain
it → say → world
I can understand there's a world we would like to think everything that's in Tasmania is owned by Tasmanians,"Mr Knight said.
asserted
Knight → understand → Tasmania
"But we're part of a bigger landscape, a bigger world, and sometimes people are interested in things here and it happens all over the world."
Yongji is a subsidiary of Guizhou Yongji Printing, a cigarette packaging company listed on the Shanghai stock exchange.
asserted
Yongji → happen → exchange
The ABC has contacted the federal government's Foreign Investment Review Board for comment.
asserted
ABC → contact → comment
The Aporia