Northern Lights Acquisition and Safe Harbor Financial said they will host a Virtual Investor Day webcast on May 25 at 11 a.m. ET. The event will feature presentations from the executive teams of Northern Lights and Safe Harbor. Registration is open for the event, and can be found here.
Announced in February, the SPAC intends to acquire Safe Harbor for $185 million, of which $70 million will be paid in cash and $115 million in shares of Northern Lights Class A common stock.
Safe Harbor was conceived in 2015 as a solution to a major problem that plagued the nascent legalized cannabis industry in Colorado – access to reliable and compliant financial services. Since inception, Safe Harbor (including its predecessor) has processed over $12 billion in cannabis related funds into the financial system, according to the news release. Read more.
