Special purpose acquisition corporation Northern Lights Acquisition Corp. (NASDAQ:NLIT) and SHF, LLC dba Safe Harbor Financial, a cannabis-focused financial services provider, signed a definitive business combination agreement, under which Northern Lights’ will acquire Safe Harbor from a subsidiary of Partner Colorado Credit Union.
Upon the closing of the transaction, Northern Lights and Safe Harbor will be led by Sundie Seefried, founder and CEO of Safe Harbor. The boards of directors and managers of Northern Lights, PCCU, and Safe Harbor have unanimously approved the proposed business combination.
“Safe Harbor is the most compelling investment opportunity we have encountered in the cannabis industry as both operators and investors. Safe Harbor is one of the only multi-state financial service organizations to successfully navigate the highly regulated cannabis banking industry, providing services that operators in other industries take for granted,” John Darwin and Joshua Mann, Co-CEOs of Northern Lights, both of whom will remain on Northern Lights’ Board of Directors upon completion of the transaction, stated. “Setting the gold standard for regulatory compliance, as well as providing access to growth capital across the entire cannabis value chain, Safe Harbor is uniquely positioned to scale. We are confident that our collective experience in the cannabis industry and strong pipeline of lending opportunities are complementary to the incredible business…
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Special purpose acquisition corporation Northern Lights Acquisition Corp. (NASDAQ:NLIT) and SHF, LLC dba Safe Harbor Financial, a cannabis-focused financial services provider, signed a definitive business combination agreement, under which Northern Lights’ will acquire Safe Harbor from a subsidiary of Partner Colorado Credit Union.
Upon the closing of the transaction, Northern Lights and Safe Harbor will be led by Sundie Seefried, founder and CEO of Safe Harbor. The boards of directors and managers of Northern Lights, PCCU, and Safe Harbor have unanimously approved the proposed business combination.
“Safe Harbor is the most compelling investment opportunity we have encountered in the cannabis industry as both operators and investors. Safe Harbor is one of the only multi-state financial service organizations to successfully navigate the highly regulated cannabis banking industry, providing services that operators in other industries take for granted,” John Darwin and Joshua Mann, Co-CEOs of Northern Lights, both of whom will remain on Northern Lights’ Board of Directors upon completion of the transaction, stated. “Setting the gold standard for regulatory compliance, as well as providing access to growth capital across the entire cannabis value chain, Safe Harbor is uniquely positioned to scale. We are confident that our collective experience in the cannabis industry and strong pipeline of lending opportunities are complementary to the incredible business…
