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Northern Lights (NLIT) to Combine with Safe Harbor Financial in $327M Deal

Northern Lights (NLIT) to Combine with Safe Harbor Financial in $327M Deal

Northern Lights (NASDAQ:NLIT) has entered into a definitive agreement to combine with cannabis fintech provider Safe Harbor at an enterprise value of $227.1 million, or 30.3x its 2022E EBITDA. Arvada, Colorado-based Safe Harbor provides commercial banking and other financial services to the cannabis industry. Transaction Overview Northern Lights brings about $117.3 millon into the deal
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