Seasoned cannabis govt provides decades of hashish-devoted banking technologies working experience to enable lead Safe Harbor’s progress system
ARVADA, Colo., April 19, 2022 /PRNewswire/ — SHF, LLC, d/b/a/ Harmless Harbor Money (“Safe and sound Harbor” or the “Organization”), the foremost monetary providers company to the cannabis industry, has introduced the using the services of of Tyler Beuerlein as the Company’s Chief Strategic Enterprise Growth Officer.
Beuerlein was previously Main Business Growth Officer for Hypur. Throughout his time there, he was responsible for extra than a thousand immediate cannabis financial institution account referrals, and helped facilitate above $500 million worthy of of cannabis-associated transactions and loans to the point out-legal hashish method.
He cultivated relationships with various lender and credit history union clientele, working closely with monetary institutions, authorities officers, regulators, boards, third-party provider suppliers, and other important marketplace players to create an ecosystem for sustainable cannabis banking systems.
Beuerlein has served on the Board of Advisors for MJBizDaily as properly as Chairman of the NCIA Banking and Fiscal Products and services Committee, NCIA Plan Council, Forbes Business enterprise Improvement Council, and the ATACH Beverage Council.
Beuerlein will do the job closely with Secure Harbor Founder and CEO Sundie Seefried to support guidebook and improve the growth of the Enterprise via strategic preparing, new company growth, joint ventures, marketing and advertising, and M&A routines. Moreover, he will direct expansion initiatives with nationwide hashish operators and probable M&A companions to more the Company’s prolonged-expression eyesight.
In February 2022, Secure Harbor declared the signing of a enterprise blend agreement with Northern Lights Acquisition Corp. (Nasdaq: NLIT), a special goal acquisition corporation. On closing, the approximated article-transaction fairness price of the Organization will be around $327 million.
“As a seasoned cannabis executive with a verified record in company development in the cannabis and economic providers markets, Tyler’s encounter and unparalleled connections will complement a robust and properly-networked govt workforce and generate new chances, driving development for Safe Harbor and our stakeholders,” Seefried mentioned. “His intensive cannabis and economic companies working experience, together with the growth of payment answers, can make him a wonderful asset to the Firm as we create out our 1-stop-shop economic service design.”
“I am fired up to be part of Safe and sound Harbor at such a pivotal minute for the Firm,” Beuerlein mentioned. “The enterprise combination settlement with NLIT will further more enhance its footprint in authorized clinical and leisure hashish marketplaces all through the country, and I seem forward to helping increase these opportunities.”
Protected Harbor was fashioned to offer an unmet require – compliant banking and fiscal services to the quickly increasing U.S. cannabis sector. Above the previous seven yrs (such as functions done via its guardian, Partner Colorado Credit history Union), the Enterprise has processed extra than $12 billion in transactions, which include roughly $3.6 billion in 2021.
Secure Harbor has grown to virtually 600 consumers spanning 20 states, serving the two the healthcare and recreational hashish markets. As legislative reform unfolds in the U.S., the Organization is uniquely positioned as the reliable, foremost standard for hashish money expert services.
About Safe Harbor
Secure Harbor is 1 of the initial fiscal expert services companies to offer you trusted obtain to banking alternatives for cannabis, hemp, CBD, and ancillary operators, creating communities safer, driving expansion in area economies, and fostering long-phrase partnerships. Safe Harbor, through its companions, serves the controlled hashish field and implements the greatest common of accountability, transparency, monitoring, reporting, and chance mitigation steps while assembly BSA obligations in line with FinCEN steering on CRBs. About the past 7 decades, Secure Harbor has processed in excess of $12 billion in transactions with operations spanning 20 states with regulated hashish marketplaces. For much more data, go to www.shfinancial.org.
Cautionary Assertion Pertaining to Forward Hunting Statements
Particular statements contained in this push launch constitute “ahead-searching statements” in just the meaning of federal securities legislation. Ahead-wanting statements may well contain, but are not restricted to, statements with respect to (i) tendencies in the hashish sector, including adjustments in U.S and state laws, procedures, polices and steering relating to Safe Harbor’s providers (ii) Secure Harbor’s growth prospective clients and Risk-free Harbor’s industry dimensions (iii) Risk-free Harbor’s projected economical and operational general performance, including relative to its opponents (iv) new item and company offerings Risk-free Harbor may possibly introduce in the future (v) the proposed small business mix, such as the implied enterprise worth, the predicted post-closing possession structure and the likelihood and means of the get-togethers to productively consummate the potential transaction (vi) the hazard that the proposed company combination may well not be concluded in a well timed fashion or at all, which may possibly adversely influence the selling price of Northern Lights’ securities (vii) the failure to satisfy the circumstances to the consummation of the proposed enterprise combination, like the acceptance of the proposed business mixture by the stockholders of Northern Lights (viii) the influence of the announcement or pendency of the proposed organization combination on Northern Lights’ or Safe and sound Harbor’s business associations, efficiency, and business normally (ix) the end result of any legal proceedings that may be instituted versus Northern Lights or Risk-free Harbor connected to the definitive device buy arrangement or the proposed company combination (x) the ability to manage the listing of Northern Lights’ securities on the Nasdaq Funds Marketplace (xi) the price of Northern Lights’ securities, such as volatility resulting from improvements in the competitive and hugely controlled industry in which Harmless Harbor options to operate, variations in effectiveness across competitors, alterations in legal guidelines and polices affecting Risk-free Harbor’s company and adjustments in the put together cash construction (xii) the means to apply organization ideas, forecasts, and other anticipations after the completion of the proposed business enterprise mixture, and recognize and comprehend further opportunities and (xiii) other statements pertaining to Protected Harbor’s and Northern Lights’ expectations, hopes, beliefs, intentions or methods relating to the foreseeable future. In addition, any statements that refer to projections, forecasts or other characterizations of long run activities or situation, together with any fundamental assumptions, are forward-searching statements. The words “foresee,” “feel,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “may well,” “strategy,” “attainable,” “opportunity,” “forecast,” “task,” “really should,” “would,” and related expressions may establish forward-looking statements, but the absence of these words and phrases does not signify that a statement is not ahead-seeking. Ahead-seeking statements are predictions, projections and other statements about long term functions that are based on existing anticipations and assumptions and, as a outcome, are matter, are matter to threats and uncertainties. You must diligently think about the risks and uncertainties explained in the “Risk Aspects” portion of Northern Lights’ registration assertion on Sort S-1, any proxy assertion relating to the proposed small business blend, which is predicted to be submitted by Northern Lights with the SEC, other documents submitted by Northern Lights from time to time with SEC, and any possibility things designed offered to you in connection with Northern Lights, Safe and sound Harbor, and the transaction. These forward-wanting statements involve a number of risks and uncertainties (some of which are further than the manage of Harmless Harbor and Northern Lights), and other assumptions, that might induce the genuine results or effectiveness to be materially unique from individuals expressed or implied by these forward-wanting statements.
Added Information and facts about the Organization Mixture and In which to Obtain It
The proposed organization mix involving Northern Lights and Risk-free Harbor will be submitted to the stockholders of Northern Lights for their consideration. Northern Lights has submitted a preliminary proxy statement on Schedule 14A (the “Preliminary Proxy Statement”) with the SEC on April 15, 2022 to be dispersed to the stockholders of Northern Lights in link with Northern Lights’ solicitation for proxies for the vote by the stockholders of Northern Lights link with the proposed business enterprise mix and other issues as described in the Preliminary Proxy Statement. Soon after the Preliminary Proxy Assertion has been cleared for dissemination by the SEC, Northern Lights will mail a definitive proxy statement (the “Definitive Proxy Statement”) and other related paperwork to its stockholders as of the record date established for voting on the proposed organization blend. Before producing any voting determination, the stockholders of Northern Lights and other interested folks are suggested to read through, after out there, the Preliminary Proxy Statement and any amendments thereto and, once obtainable, the Definitive Proxy Assertion, alongside with all other pertinent files filed or that will be filed with the SEC in relationship with the proposed business blend and Northern Lights’ solicitation of proxies for its exclusive meeting of stockholders to be held to approve, between other points, the proposed business enterprise blend, for the reason that these files will comprise essential details about Northern Lights, Protected Harbor, and the proposed enterprise blend. Stockholders will be equipped to get cost-free copies of the Preliminary or Definitive Proxy Statement, the moment accessible, as properly as other files filed with the SEC regarding the proposed small business mix and other documents filed with the SEC by Northern Lights, without cost, at the SEC’s web page found at www.sec.gov or by directing a ask for to Northern Lights Acquisition Company, 10 East 53rd Street, Suite 3001, New York, NY, 10022, or by phone at (615) 554-0044.
No Give or Solicitation
This push launch relates to a proposed small business mix between Northern Lights and Safe Harbor and does not represent an provide to promote or the solicitation of an offer to purchase any securities, or a solicitation of any vote or acceptance, nor shall there be any sale of securities in any jurisdiction in which this sort of give, solicitation or sale would be illegal prior to registration or qualification beneath the securities laws of any this sort of jurisdiction.
Contributors in the Solicitation
Northern Lights and Harmless Harbor, and particular of their respective directors and executive officers, under the principles of the SEC, may possibly be considered to be members in the solicitation of proxies from Northern Lights’ stockholders in favor of the acceptance of the small business combination. Details about the directors and officers of Northern Lights and their ownership of Northern Lights Course B typical stock can also be identified in Northern Lights’ registration assertion on Sort S-1 filed with the SEC on June 2, 2021 in relationship with its preliminary public supplying, its Once-a-year Report on Form 10-K for the calendar year ended December 31, 2021 filed with the SEC on March 25, 2022, the Preliminary Proxy Assertion, and other files subsequently filed by Northern Lights with the SEC. Information about the directors and govt officers of Safe Harbor, as perfectly as data concerning the interests of other folks who may be considered contributors in the transaction, may possibly be received by studying the Preliminary Proxy Assertion and the Definitive Proxy Statement with regards to the business enterprise blend when it gets accessible. Further information and facts concerning the interests of these individuals will also be bundled in the proxy assertion pertaining to the organization mixture if and when it gets to be out there. Free copies of this document may perhaps be acquired as described over.
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Source Safe and sound Harbor Economic