Seasoned hashish govt provides years of cannabis-committed banking technological innovation working experience to assist direct Harmless Harbor’s advancement system
ARVADA, Colo., April 19, 2022 /PRNewswire/ — SHF, LLC, d/b/a/ Harmless Harbor Money (“Safe Harbor” or the “Company”), the main fiscal companies provider to the hashish business, has introduced the choosing of Tyler Beuerlein as the Firm’s Main Strategic Small business Enhancement Officer.
Beuerlein was beforehand Chief Small business Improvement Officer for Hypur. All through his time there, he was dependable for far more than a thousand immediate cannabis financial institution account referrals, and aided facilitate above $500 million truly worth of hashish-connected transactions and loans to the state-authorized hashish technique.
He cultivated relationships with quite a few bank and credit score union clientele, doing the job intently with economic institutions, govt officials, regulators, boards, 3rd-get together provider suppliers, and other essential business gamers to develop an ecosystem for sustainable cannabis banking plans.
Beuerlein has served on the Board of Advisors for MJBizDaily as properly as Chairman of the NCIA Banking and Monetary Companies Committee, NCIA Coverage Council, Forbes Enterprise Advancement Council, and the ATACH Beverage Council.
Beuerlein will perform carefully with Protected Harbor Founder and CEO Sundie Seefried to aid guide and enrich the development of the Organization via strategic planning, new company development, joint ventures, advertising and marketing, and M&A functions. Also, he will lead progress initiatives with nationwide hashish operators and likely M&A associates to even further the Firm’s prolonged-time period eyesight.
In February 2022, Safe Harbor declared the signing of a small business combination settlement with Northern Lights Acquisition Corp. (Nasdaq: NLIT), a exclusive reason acquisition corporation. Upon closing, the believed publish-transaction fairness benefit of the Company will be somewhere around $327 million.
“As a seasoned cannabis govt with a established report in enterprise progress in the cannabis and fiscal solutions markets, Tyler’s experience and unparalleled connections will complement a powerful and nicely-networked govt staff and build new alternatives, driving expansion for Protected Harbor and our stakeholders,” Seefried said. “His extensive hashish and economic solutions expertise, which includes the advancement of payment remedies, can make him a great asset to the Company as we develop out our a person-end-store financial service product.”
“I am thrilled to sign up for Secure Harbor at these a pivotal instant for the Company,” Beuerlein stated. “The enterprise combination settlement with NLIT will further enhance its footprint in authorized medical and recreational hashish markets all through the state, and I search forward to assisting optimize these prospects.”
Risk-free Harbor was formed to provide an unmet will need – compliant banking and fiscal companies to the speedily developing U.S. hashish business. Around the earlier seven many years (including functions performed through its father or mother, Lover Colorado Credit rating Union), the Company has processed far more than $12 billion in transactions, which includes around $3.6 billion in 2021.
Safe Harbor has developed to almost 600 clientele spanning 20 states, serving both the health care and leisure hashish marketplaces. As legislative reform unfolds in the U.S., the Organization is uniquely positioned as the trustworthy, leading regular for cannabis financial companies.
About Safe and sound Harbor
Secure Harbor is one particular of the 1st fiscal services companies to supply reliable obtain to banking alternatives for cannabis, hemp, CBD, and ancillary operators, earning communities safer, driving growth in neighborhood economies, and fostering lengthy-expression partnerships. Safe and sound Harbor, by means of its partners, serves the regulated hashish marketplace and implements the best common of accountability, transparency, monitoring, reporting, and risk mitigation measures though conference BSA obligations in line with FinCEN steering on CRBs. About the earlier seven several years, Harmless Harbor has processed about $12 billion in transactions with functions spanning 20 states with controlled cannabis marketplaces. For much more information, pay a visit to www.shfinancial.org.
Cautionary Assertion With regards to Forward Seeking Statements
Particular statements contained in this press launch constitute “forward-looking statements” in just the which means of federal securities legislation. Forward-hunting statements may possibly contain, but are not minimal to, statements with regard to (i) tendencies in the cannabis sector, together with improvements in U.S and state guidelines, guidelines, restrictions and guidance relating to Protected Harbor’s services (ii) Secure Harbor’s progress prospective clients and Secure Harbor’s market measurement (iii) Secure Harbor’s projected money and operational efficiency, together with relative to its competitors (iv) new item and service choices Secure Harbor may possibly introduce in the foreseeable future (v) the proposed company mix, together with the implied business benefit, the envisioned publish-closing ownership composition and the likelihood and ability of the events to effectively consummate the opportunity transaction (vi) the chance that the proposed enterprise combination could not be accomplished in a timely method or at all, which may adversely affect the cost of Northern Lights’ securities (vii) the failure to fulfill the conditions to the consummation of the proposed business combination, including the acceptance of the proposed small business blend by the stockholders of Northern Lights (viii) the outcome of the announcement or pendency of the proposed enterprise blend on Northern Lights’ or Harmless Harbor’s small business interactions, efficiency, and organization commonly (ix) the outcome of any lawful proceedings that may possibly be instituted from Northern Lights or Safe and sound Harbor similar to the definitive device order agreement or the proposed business blend (x) the ability to retain the listing of Northern Lights’ securities on the Nasdaq Funds Current market (xi) the price of Northern Lights’ securities, which includes volatility ensuing from improvements in the competitive and extremely regulated business in which Harmless Harbor programs to operate, variations in effectiveness across competitors, changes in laws and regulations impacting Protected Harbor’s small business and alterations in the merged capital structure (xii) the ability to implement company options, forecasts, and other expectations following the completion of the proposed business enterprise combination, and establish and realize further chances and (xiii) other statements pertaining to Safe and sound Harbor’s and Northern Lights’ expectations, hopes, beliefs, intentions or methods with regards to the potential. In addition, any statements that refer to projections, forecasts or other characterizations of potential situations or instances, such as any underlying assumptions, are ahead-seeking statements. The words “foresee,” “think,” “continue,” “could,” “estimate,” “be expecting,” “intends,” “outlook,” “may,” “could possibly,” “prepare,” “possible,” “prospective,” “predict,” “undertaking,” “should,” “would,” and similar expressions may perhaps detect forward-on the lookout statements, but the absence of these text does not imply that a assertion is not ahead-wanting. Ahead-seeking statements are predictions, projections and other statements about upcoming events that are centered on recent anticipations and assumptions and, as a end result, are issue, are subject to hazards and uncertainties. You ought to thoroughly take into account the dangers and uncertainties explained in the “Threat Aspects” part of Northern Lights’ registration assertion on Sort S-1, any proxy assertion relating to the proposed company blend, which is envisioned to be filed by Northern Lights with the SEC, other paperwork filed by Northern Lights from time to time with SEC, and any danger factors designed offered to you in connection with Northern Lights, Harmless Harbor, and the transaction. These forward-searching statements include a variety of dangers and uncertainties (some of which are outside of the control of Protected Harbor and Northern Lights), and other assumptions, that may trigger the precise outcomes or efficiency to be materially various from people expressed or implied by these ahead-wanting statements.
Added Info about the Company Combination and Where by to Find It
The proposed business enterprise combination involving Northern Lights and Protected Harbor will be submitted to the stockholders of Northern Lights for their thought. Northern Lights has filed a preliminary proxy statement on Agenda 14A (the “Preliminary Proxy Statement”) with the SEC on April 15, 2022 to be distributed to the stockholders of Northern Lights in relationship with Northern Lights’ solicitation for proxies for the vote by the stockholders of Northern Lights connection with the proposed business mix and other matters as explained in the Preliminary Proxy Statement. Following the Preliminary Proxy Assertion has been cleared for dissemination by the SEC, Northern Lights will mail a definitive proxy assertion (the “Definitive Proxy Statement”) and other related files to its stockholders as of the report day proven for voting on the proposed organization mix. Before earning any voting determination, the stockholders of Northern Lights and other fascinated individuals are recommended to study, at the time accessible, the Preliminary Proxy Statement and any amendments thereto and, at the time offered, the Definitive Proxy Assertion, together with all other appropriate documents submitted or that will be filed with the SEC in relationship with the proposed company blend and Northern Lights’ solicitation of proxies for its specific assembly of stockholders to be held to approve, amongst other issues, the proposed business combination, mainly because these paperwork will comprise crucial data about Northern Lights, Risk-free Harbor, and the proposed small business mix. Stockholders will be able to acquire free copies of the Preliminary or Definitive Proxy Assertion, once available, as properly as other documents filed with the SEC with regards to the proposed enterprise combination and other paperwork filed with the SEC by Northern Lights, without charge, at the SEC’s web page situated at www.sec.gov or by directing a ask for to Northern Lights Acquisition Corporation, 10 East 53rd Avenue, Suite 3001, New York, NY, 10022, or by telephone at (615) 554-0044.
No Offer you or Solicitation
This push release relates to a proposed business enterprise mix between Northern Lights and Protected Harbor and does not represent an offer you to promote or the solicitation of an supply to obtain any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which this sort of offer you, solicitation or sale would be unlawful prior to registration or qualification less than the securities legal guidelines of any this sort of jurisdiction.
Contributors in the Solicitation
Northern Lights and Safe Harbor, and certain of their respective directors and govt officers, underneath the procedures of the SEC, could be considered to be participants in the solicitation of proxies from Northern Lights’ stockholders in favor of the approval of the organization blend. Details about the directors and officers of Northern Lights and their ownership of Northern Lights Class B widespread stock can also be observed in Northern Lights’ registration statement on Form S-1 filed with the SEC on June 2, 2021 in link with its first community featuring, its Once-a-year Report on Form 10-K for the calendar year finished December 31, 2021 filed with the SEC on March 25, 2022, the Preliminary Proxy Assertion, and other documents subsequently submitted by Northern Lights with the SEC. Information and facts about the administrators and government officers of Protected Harbor, as perfectly as information and facts regarding the passions of other folks who may possibly be considered participants in the transaction, might be received by studying the Preliminary Proxy Statement and the Definitive Proxy Statement about the business mix when it becomes offered. Extra info with regards to the interests of these contributors will also be involved in the proxy statement pertaining to the organization combination if and when it turns into available. Free copies of this doc may possibly be received as described previously mentioned.
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