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...
In Person Event
Ascensus and O Shaped workshop: Ethics in the spotlight
Press Release
Browne Jacobson advises Oxford City Council on Barton Park affordable housing deal
Legal Update
A new code of conduct, how this might be useful for local authority companies
Legal Update
What’s in a name: ESG principles and UK local authorities
Legal Update
Right to work update: eVisas
Legal Update
Technology trends in the food and drink sector: Consumer targeting technologies
Press Release - Firm news
Browne Jacobson wins hattrick of awards at East Midlands Rainmakers Awards
Legal Update
Know your dispute resolution clauses: Key take-aways from Kajima v Children’s Ark and Lancashire Schools v Lendlease
Opinion
Law Commission initial consultation published on reforming Part 2 of the Landlord and Tenant Act 1954
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Legal Update
e-Evidence Package: Increased obligations on service providers to cooperate with data requests from law enforcement authorities
Press Release
Browne Jacobson advises retail giant The Range on its acquisition of Homebase
Press Release
Browne Jacobson advises leading technology-driven compliance specialist on its continued market consolidation with two further acquisitions
Press Release
Browne Jacobson advises The Jordon Group on transformative merger
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Legal Update
Reform of Gambling Regulation in Ireland
Legal Update
Ascensus newsletter: November 2024
Press Release
Browne Jacobson advises UK’s leading fire protection specialist on key acquisition
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Press Release
Browne Jacobson advises investor on the buyout of a national law firm
Legal Update
The EU Cyber Resilience Act (CRA)
Legal Update
Breaking the glass ceiling: Empowering female leadership in the food and drink sector
Press Release
Browne Jacobson advises the world’s largest baby and toddler swim school on international acquisition
Legal Update
CJEU confirms that copyright law is the same for all claimants
Legal Update
EasyGroup proceedings defeated by jurisdictional challenge
Press Release
Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group
Press Release - Firm news
Browne Jacobson’s private sector lawyers' reaction to the Autumn Budget 2024
Press Release
Browne Jacobson continues expansion in Ireland adding real estate and construction practices
Press Release
Browne Jacobson advises fire suppression manufacturer DAS Fire on its acquisition by Alpine Fire
Press Release
Browne Jacobson advises UK climbing operator on sale to Belgian investment firm
Legal Update
Organisational approaches to ESG and sustainability matters
Legal Update
Navigating the waters of compliance: Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
Legal Update
Is Companies House turning the tide against facilitators of fraud?
Press Release
Browne Jacobson advises global digital transformation services provider on PE investment and acquisition of US and Hungary-based commerce consultancy
Legal Update
The future of food waste management in the UK: A guide for businesses
Legal Update
Navigating new advertising restrictions on junk food
Legal Update
Barking up the right tree: UK is European first to allow cultured ‘meat’ for pets
Legal Update
Impending reform of defamation law in Ireland: The Defamation (Amendment) Bill 2024
Legal Update
Labour's recipe for reform: The future of food and drink regulation in the UK
