A giant Canadian cannabis producer has bought a Lincolnshire greenhouse in a deal worth millions of pounds.
Spalding-based Bridge Farm Group has being bought by Sundial Growers, a licenced cannabis grower that produces the drug for medical and medicinal uses.
Sundial plans to use the Lincolnshire site to grow hemp for production of CBD, which is not intoxicating and credited with helping treat a host of medical problems.
Bridge Farm is to be expanded to an estimated 3.8million square feet making it one of the biggest fully automated growing structures in Europe.
Ted Hellard, Executive Chairman of Sundial said: “Bridge Farm has been an acquisition we have set a goal on for some time.
“Their current structure size of 1.8 million square feet will be increased to 2.8 million by early 2020 and 3.8 million by the end of 2020, allowing Bridge Farm to become one of the largest fully automated, protected growing facilities in Europe.
“We believe it gives Sundial the opportunity to be one of the first movers at scale within the CBD wellness market within Europe.
“Bridge Farm’s supply chain capability and retail relationships along with unparalleled capacity bring with it exciting possibilities for Sundial’s global wellness brand platform. We welcome David and his team on board.”