Two men aged 32 and 37 have been charged with a number of offences related to what is said to be one of the4 largest ever seizures of cannabis in Northern Ireland.
The men have been charged with fraudulently importing Class B controlled drugs, possession of Class B controlled drugs and possession of Class B controlled drugs with intent to supply.
The pair are due to appear before Newry Magistrates' Court on Monday April 2.
As is normal procedure, all charges will be reviewed by the PPS.
A 42-year-old woman arrested earlier today in connection with the investigation has been released on bail pending further enquiries, while a 72-year-old man and a 68-year-old woman arrested earlier have both also been released on bail.
The arrests were carried out as part of an action taken by the Joint Agency Task Force, a multi-agency group aimed at improving cross-border cooperation and made up of official bodies from Northern Ireland and the Republic.
It comprises the Police Service of Northern Ireland, An Garda Síochána, HM Revenue & Customs, the Revenue Commissioners, The Home Office Immigration Enforcement, the Criminal Assets Bureau, and the National Crime Agency.