Browne Jacobson advises on Bridge Farm Group sale to Canadian based Sundial Growers
Browne Jacobson's Nottingham office has advised the shareholders on the sale of Bridge Farm Group to Canadian cannabis producer Sundial Growers Inc for an undisclosed consideration.
Browne Jacobson's Nottingham office has advised the shareholders on the sale of Bridge Farm Group to Canadian cannabis producer Sundial Growers Inc for an undisclosed consideration.
The deal comes just under two years after a successful management buyout of the business by Bridge Farm CEO David Ball with the backing of private equity investor NorthEdge Capital. As part of the deal David Ball has been appointed Sundial's European President.
Headquartered in Spalding, Bridge Farm is one of the UK’s leading producers of ornamental plants, flowers and herbs. The business employs over 500 employees across its five locations across Lincolnshire and serves a client base which includes, amongst others, major supermarket chains under the Neame Lea brand. The business has permission to double its growing facilities to 3.5 million sq ft over the next two years.
Alberta based Sundial Growers Inc. was established in 2014 and is a licensed cannabis producer and manufacturer of high-quality cannabidiol (CBD) based products for the wellness and health supplement market. It currently operates from two sites in Alberta and plans to build a third facility in British Columbia. The sale will see Sundial use part of the facilities in Spalding to cultivate hemp for the production of CBD, subject to regulatory approval.
Browne Jacobson’s Gavin Cummings and Sandra Wong, along with Clearwater International, advised the shareholders of Bridge Farm Group.
Gavin Cummings, corporate partner, said:
“We advised on the MBO of Bridge Farm Nurseries two years ago so we are delighted to have been instructed on this latest deal. The European CBD market is projected to be worth over £1.3 bn by 2023 so this deal will ensure Bridge Farm has the right expertise on board to tap into this potentially lucrative market and generate a new income stream for the business."
Related expertise
You may be interested in...
Legal Update
7 ways academy trusts can prepare for the new Corporate Transparency Act
Guide
Demystifying international healthcare contracting
Press Release
Browne Jacobson advises Cairngorm Capital and Management on the buyout of MRO+ Solutions by NVM Private Equity
Press Release
Browne Jacobson advises Bluprintx on its acquisition of Definitive Results
Press Release
Browne Jacobson advises BGF on its £6.25m investment into energy & water digital transformation specialist Skewb
Legal Update
AI deep fake fraud exposed - five key lessons and how we need to respond
Press Release
Browne Jacobson to advise East London Waste Authority on major waste programme
Press Release
Browne Jacobson advises Apiary Capital on sale of TAG to ECI Partners
Press Release
Browne Jacobson advises European micromobility insurtech Laka on investment from Achmea Innovation Fund
Legal Update
Changes to academy conversion funding
Legal Update
Forest Risk Commodities regulations: Steps food businesses should take
Legal Update
All change at Companies House - Corporate Transparency Act
Legal Update
Artificial intelligence – shaping a sustainable future
Press Release
Browne Jacobson advises Greater Manchester Combined Authority on its investment in Beryl
In Person Event
Private Sector Development Club
Press Release
Spring Budget 2024: Browne Jacobson reaction
Press Release
Browne Jacobson advises Coniston Capital on its investment in Equity Networks
Press Release
Browne Jacobson successful for National Lottery in Court of Appeal
Press Release
Browne Jacobson advises The Production Factory on its strategic acquisition of Big Sky Studios
Legal Update
Gatekeepers under the DMA – TikTok’s battle to have its designation revoked
Press Release
Browne Jacobson advises ThinCats on provision of £5.5m growth capital to Big Fang Collective
Press Release
Browne Jacobson advises skills and training provider B2W Group on acquisition of ECTA Training
Press Release
Browne Jacobson advises Blazehill Capital on senior credit facility
Press Release
Browne Jacobson advises First Milk on acquisition of dairy product manufacturer BV Dairy
Legal Update
A ‘One-Stop-Shop’ to the Unified Patent Court in Ireland
Press Release
Browne Jacobson advises Buttress Group shareholders on H2 Equity Partners investment
Press Release
Browne Jacobson advises DJ Civils’ Co-Owners on Thwack buy-out
Press Release
Browne Jacobson advises BGF on £5m investment in The Insights Family
Legal Update
Veganism and manufacturing: Supply chain issues
Press Release
Browne Jacobson advise B2W Group on BePro Development acquisition
Legal Update
COP28 – key outcomes agreed and what they mean for you
Opinion
BBC personality wins appeal on IR35 status
Press Release
Browne Jacobson strengthens Corporate team in Manchester with new hires
Legal Update
An update on the independent review of university spin-out companies
Legal Update
COP28 - how to limit and prepare for future climate change
Legal Update
Failure to prevent fraud: how can my organisation prepare?
Press Release
Browne Jacobson advise NorthEdge backed ICP on acquisition of Team 6ix
Press Release
Browne Jacobson advise Edit Agency on it’s acquisition of CustomerKIND
Legal Update
Economic Crime and Corporate Transparency Act 2023 – what does it mean for my company?
