Northern Lights Acquisition Corp, a special purpose acquisition corporation and SHF – dba Safe Harbor Financial – (Safe Harbor), a cannabis industry-focused financial services provider, have signed a definitive business combination agreement that will result in Northern Lights’ acquisition of Safe Harbor from a subsidiary of Partner Colorado Credit Union (PCCU), a Colorado-chartered credit union based in Arvada, Colorado.
Upon the closing of the transaction, Northern Lights and Safe Harbor will be led by Sundie Seefried, Founder and Chief Executive Officer of Safe Harbor. The boards of directors and managers of Northern Lights, PCCU, and Safe Harbor have unanimously approved the proposed business combination.
Established in 2015 by PCCU, Safe Harbor was formed to provide an unmet need – compliant access to banking and financial services for the rapidly growing US cannabis industry.