Sundial Growers - M&A Summary and Business Overview

Consumer ProductsCompany

Sundial Growers M&A Summary

Sundial Growers has acquired 3 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Sundial Growers’ largest acquisition to date was in 2021, when it acquired Alcanna for $346M. It’s largest disclosed sale occurred in 2020, when it sold Bridge Farm Nurseries to Artemis Capital Partners for $105M. Sundial Growers has acquired in 2 countries. The Company’s most targeted sectors include retail (34%) and agriculture (34%).

Sundial Growers Business Overview

Where is Sundial Growers headquartered?

Sundial Growers is headquartered in Calgary, Alberta.

What is Sundial Growers’ revenue?

Sundial Growers disclosed revenue of 61M USD for 2020 and 76M USD for 2019.

How many employees does Sundial Growers have?

Sundial Growers has 394 employees.

What sector is Sundial Growers in?

Sundial Growers is a consumer products company.

When was Sundial Growers founded?

Sundial Growers was founded in 2006.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Sundial Growers

Sundial Growers, Inc.

919–11 Avenue SW Suite 200,
Calgary, Alberta T2R 1P3
Canada,
(403) 948-5227
www.sndlgroup.com

Sundial Growers is a licensed producer that crafts cannabis using state-of-the-art indoor facilities. Sundial Growers was incorporated in 2006 and is headquartered in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - 2 - - - 3
vol $446M $446M
Sell (0.2/yr) # - 1 - - - - 1
vol $105M $105M
  4

Most Recent M&A

Company Date Value Type
Alcanna Inc. 2021-10-07 346M USD Add-on Acquisition
Edmonton, Alberta · www.alcanna.com
Inner Spirit Holdings Ltd. 2021-05-05 100M CAD Add-on Acquisition
Calgary, Alberta · www.innerspiritholdings.com
Bridge Farm Nurseries Ltd. 2020-05-15 105M USD Divestiture
Lincolnshire, United Kingdom · www.bridgefarmgroup.co.uk
Bridge Farm Nurseries Ltd. 2019-07-05 - Add-on Acquisition
Lincolnshire, United Kingdom · www.bridgefarmgroup.co.uk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Agriculture 1 (33%) - 1 (100%) 105M (100%)
Beverages 1 (33%) 346M (78%) - -
Retail 1 (33%) 100M (22%) - -
Total 3 $446M 1 $105M

By Geo

State/Country Buy Value Sell Value
Canada 2 446M - -
  Alberta 2 446M - -
United Kingdom 1 - 1 105M
Domestic 2 (67%) 446M (100%) - -
Cross-border 1 (33%) - 1 (100%) 105M (100%)
Total 3 $446M 1 $105M

Top M&A Advisors

Financial Deals
ATB Capital Markets
 2
Legal Deals
McCarthy Tétrault
 2

Deal Values

buy # Total
$100M to $1B 1 $346M
< $100M 1 $100M
TOTAL $446M
Largest Alcanna Inc.
$346M (2021-10-07)
sell # Total
$100M to $1B 1 $105M
TOTAL $105M
Largest Bridge Farm Nurseries Ltd.
$105M (2020-05-15)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Consumer Products

Revenue

61   20% 2020
76   2019
(millions of USD)

Employees

394

Established

2006

Public

NASDAQ: SNDL

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