Safe Harbor Financial Appoints Tyler Beuerlein as Chief Strategic Business Development Officer

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Seasoned cannabis executive brings years of cannabis-focused banking technology experience to help drive Safe Harbor’s growth strategy

ARVADA, Col., 19 April 2022 /PRNewswire/ — SHF, LLC, d/b/a/ Safe Harbor Mali (“Safe Harbor” or “Company”)The cannabis industry’s leading financial services provider has announced its hiring. Tyler Beuerlein As the company’s Chief Strategic Business Development Officer.

Beuerlein was previously Head of Business Development for Hypur. During his time there, he was responsible for more than a thousand direct cannabis bank account referrals and 500 million dollars cannabis-related transactions and loans to the state-legal cannabis system.

Working closely with financial institutions, government officials, regulators, boards, third-party service providers and other key industry players to create an ecosystem for sustainable cannabis banking programs, it has developed relationships with numerous bank and credit union clients.

Beuerlein has served on MJBizDaily’s Board of Advisors, as well as Chair of the NCIA Banking and Financial Services Committee, the NCIA Policy Council, the Forbes Business Development Council, and the ATACH Beverage Council.

Beuerlein will work closely with the Founder and CEO of Safe Harbor Sundie Seefried helping to guide and develop the Company’s growth through strategic planning, new business development, joint ventures, marketing and M&A activities. He will also spearhead growth initiatives with national cannabis operators and potential M&A partners to advance the Company’s long-term vision.

In February 2022Safe Harbor, Northern Lights Acquisition Corp. announced the signing of a business combination agreement with (Nasdaq: NLIT), a special purpose purchasing company. Upon closing, the Company’s estimated post-trade equity value is approximately 327 million dollars.

“Tyler’s experience and unique connections as a seasoned cannabis executive with a proven track record of business development in the cannabis and financial services markets will complement a strong and well-networked management team and drive growth for the Safe Harbor and our stakeholders by creating new opportunities, Seefried “Extensive cannabis and financial services experience, including the development of payment solutions, makes it a great asset to the Company as we build our one-stop financial service model.”

“I’m excited to join Safe Harbor at such an important moment for the company,” Beuerlein said. “The business combination agreement with NLIT will further increase its footprint in the legal medical and recreational cannabis markets across the country, and I look forward to helping maximize these opportunities.”

Safe Harbor was established to provide banking and financial services aligned with unmet needs to the rapidly growing US cannabis industry. Over the past seven years, the company (including operations conducted through its parent company, Partner Colorado Credit Union), 12 billion dollars in transactions including about $3.6 billion in 2021.

Safe Harbor has reached nearly 600 customers serving both the medical and recreational marijuana markets in 20 states. As legal reform evolves in the US, the Company is uniquely positioned as the trusted, leading standard for cannabis financial services.

About Safe Harbor

Safe Harbor is one of the first financial services providers to offer trusted access to banking solutions for cannabis, hemp, CBD and utility operators, making communities safer, supporting growth in local economies and fostering long-term partnerships. Safe Harbor, through its partners, serves the regulated cannabis industry and implements the highest standard of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting BSA obligations in accordance with FinCEN guidance on CRBs. Over the past seven years, Safe Harbor has 12 billion dollars in transactions with operations covering 20 states with regulated cannabis markets. For more information visit www.shfinancial.org.

Cautionary Disclosure Regarding Forward-Looking Disclosures

Certain statements in this press release constitute “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may include, but are not limited to: (i) trends in the cannabis industry, including changes in US and state laws, rules, regulations, and guidance on Safe Harbor’s services; (ii) Safe Harbor’s growth prospects and Safe Harbor’s market size; (iii) Safe Harbor’s projected financial and operational performance, including relative to its competitors; (iv) future product and service offerings that Safe Harbor may offer; (v) the proposed business combination, including the implied business value, the expected ownership structure after closing, and the probability and ability of the parties to successfully complete the potential transaction; (vi) the risk that the proposed business combination will not be completed on time or at all, which could adversely affect the price of Northern Lights’ securities; (vii) Failure to meet the conditions for completion of the proposed business combination, including approval of the proposed business combination by Northern Lights shareholders; (viii) the impact of the proposed business combination announcement or suspension on Northern Lights or Safe Harbor’s business relationships, performance and business in general; (ix) the result of any legal action that may be brought against Northern Lights or Safe Harbor in connection with the definitive unit purchase agreement or proposed business combination; (x) Northern Lights’ ability to maintain its securities listed on the Nasdaq Securities Market; (xi) volatility resulting from changes in the competitive and highly regulated industry in which Safe Harbor plans to operate, differences in performance among competitors, changes in laws and regulations affecting Safe Harbor’s business, and the combined capital structure; (xii) ability to implement business plans, forecasts and other expectations and identify and realize additional opportunities after the proposed business combination is completed; and (xiii) other statements regarding the future expectations, hopes, beliefs, intentions or strategies of Safe Harbor and Northern Lights. In addition, all statements that refer to projections, estimates or other characterizations of future events or conditions, including underlying assumptions, are forward-looking statements. “anticipate”, “believe”, “continue”, “could”, “guess”, “expect”, “intend”, “look”, “could”, “could”, “plan”, “possible” words. The terms “potential”, “anticipate”, “project”, “should”, “should” and similar phrases may describe forward-looking statements, but the absence of these words does not mean that a statement is non-forward-looking. Forward-looking statements are estimates, projections and other statements about future events that are based on current expectations and assumptions and are consequently subject to risks and uncertainties. Any proxy statement regarding the proposed business combination that Northern Lights is expected to submit to the SEC, you should carefully consider the risks and uncertainties described in the “Risk Factors” section of Northern Lights’ registration statement on Form S-1. , other documents submitted to the SEC from time to time by Northern Lights, and Northern Lights, Safe Harbor, and any risk factors presented to you in connection with the transaction. These forward-looking statements involve a range of risks and uncertainties (some beyond the control of Safe Harbor and Northern Lights) and other assumptions that could cause actual results or performance to differ materially from those expressed or implied. these forward-looking statements.

Additional Information on Business Combination and Where to Find It

The proposed business combination, which includes Northern Lights and Safe Harbor, will be submitted to Northern Lights shareholders for consideration. Northern Lights has submitted a pre-agent statement to the SEC regarding its Program 14A (“Preliminary Representation Statement”). April 15, 2022 It will be distributed to Northern Lights shareholders in connection with the proxy request by Northern Lights shareholders in connection with the proposed business combination and other matters disclosed in the Preliminary Power of Attorney Statement. After the Preliminary Power of Attorney has been cleared for distribution by the SEC, Northern Lights will mail a final proxy statement (“Final Power of Attorney”) and other relevant documents to its shareholders by the date of registration for the proposed business combination to be voted on. . Prior to making any voting decisions, Northern Lights shareholders and other interested parties are advised to read the Preliminary Power of Attorney, and any amendments to it, and the Final Power of Attorney when they are ready, along with any other relevant documents filed. It will be submitted to the SEC regarding the proposed business combination and Northern Lights’ power of attorney request for, among other things, a special shareholders meeting to approve the proposed business combination, as these documents will contain important information about Northern Lights. Lights, Safe Harbor and proposed business combination. When available, shareholders will be able to obtain, free of charge, the Preliminary or Final Power of Attorney, as well as other documents submitted to the SEC regarding the proposed business combination and other documents submitted to the SEC by Northern Lights. website at www.sec.gov or Northern Lights Acquisition Corporation, 10 East 53rd Street, Suite 3001, New York, NYAt 10022 or (615) 554-0044.

No Offer or Request

This press release relates to a proposed business combination between Northern Lights and Safe Harbor and does not constitute an offer to sell or offer to buy any security, or a request for vote or approval of any kind, and does not constitute an offer to sell. Securities in any jurisdiction where such offer, demand or sale would be illegal before they are registered or qualified under the securities laws of any such jurisdiction.

Participants in the invitation

Under SEC rules, Northern Lights and Safe Harbor and certain of their directors and senior executives may be considered as participants seeking proxy from Northern Lights shareholders in favor of approval of the business combination. Information about Northern Lights’ directors and officers and their ownership of Northern Lights Class B common stock can also be found in Northern Lights’ registration statement on Form S-1 submitted to the SEC. June 2, 2021 Annual Report on Form 10-K for the year ended, in connection with its initial public offering 31 December 2021 filed with the SEC 25 March 2022, Preliminary Power of Attorney and other documents subsequently filed by Northern Lights with the SEC. Information about Safe Harbor managers and managers and the interests of other persons who may be considered a party to the transaction can be obtained by reading the Preliminary Power of Attorney and Final Power of Attorney regarding the business combination. becomes available. Additional information regarding the interests of these participants will also be included in the power of attorney for the business combination, where possible. Free copies of this document are available as described above.

SOURCE Safe Harbor Financial

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