Clearwater International advises Bridge Farm Group on its cross-border sale to Sundial Growers Inc

Clearwater International has advised Bridge Farm Group (Bridge Farm), one of the UK’s leading growers of ornamental plants, flowers and herbs, on its sale to Canadian Sundial Growers Inc. (Sundial).

Established over 30 years ago, Bridge Farm, which includes the Neame Lea and Zyon brands within its portfolio, specialises in growing ornamental plants, flowers and herbs. The company has a workforce of over 500 employees at peak times across five locations, and sells more than 80 million units per year to retailers.

Consumers are increasingly looking for branded high-quality CBD products they can trust, so this transaction will enable Bridge Farm to extend its expertise in growing high quality plants to produce premium, safe CBD-based wellness products and supplements.

Bridge Farm operates at the leading edge of environmental production. Both organisations share the same culture, which is to be expert growers of high-quality plants grown in a sustainable way. Bringing this expertise and environmental credentials together for CBD consumers has the potential to open up significant opportunity and growth for the business. The transaction will enable Bridge Farm to invest behind that opportunity, with the support of an experienced partner such as Sundial.

Sundial Growers Inc. is based in Alberta and was established in 2014. It is a licensed cannabis producer and manufacturer of high-quality cannabidiol (CBD) based products for the wellness and health supplement market. The sale will see Sundial use part of the facilities at its site in Spalding to cultivate hemp for the production of CBD, subject to regulatory approval. Since the transaction completed, Sundial has applied to have its shares listed on Nasdaq.

sold to

Sell-side

Undisclosed
Clearwater Advisers
Adviser to Bridge Farm Group on its cross-border sale to Sundial Growers Inc
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As a family business we are very proud of the way we have grown Bridge Farm to its current position as one of the most successful UK horticultural businesses. Demand for CBD products is growing with increasing consumer awareness in the UK market. However, consumers want confidence in the products they buy. Our philosophy as growers is that plants must be high quality and grown in a sustainable way and we will now be able to bring that expertise to CBD health products. The transaction will allow us to strengthen key customer relationships, securing our future as one of the UK’s fastest growing local businesses.

David Ball, Chief Executive of Bridge Farm

We are delighted that Bridge Farm have chosen to join Sundial and we welcome our new colleagues. They have deep expertise which we can learn from and we believe that we can contribute to the growth of what is now Sundial’s UK business. Consumers deserve high quality CBD heath products they can trust and this transaction allows us to provide those products in the UK as we already do in North America.

Torsten Kuenzlen, Chief Executive of Sundial

It was a pleasure to work with David Ball and the team at Bridge Farm. The team have built a very successful business over the last 30 years which is now well known and highly regarded in the industry. This transaction with Sundial presents an exciting new step in the development of Bridge Farm and we wish David and the team all the best for the next stage of their journey.

Phil Burns, Partner, Clearwater International

Clearwater Advisers

Phil Burns
Phil Burns Managing Partner & Co-Chair

+44 845 052 0362 Email
Gareth Iley
Gareth Iley COO, UK

+44 845 052 0367 Email
Louise Hooper
Louise Hooper Senior Associate

+44 845 034 4771 Email

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Clearwater International advises Bridge Farm Group on its cross-border sale to Sundial Growers Inc

Clearwater Advisers

Phil Burns

Gareth Iley

Louise Hooper