Add-on Acquisition • Financial Services

Safe Harbor Financial Acquires Abaca

On October 31, 2022, Safe Harbor Financial acquired financial services company Abaca for 30M USD

Acquisition Context

This is Safe Harbor Financial’s 1st transaction in the Financial Services sector.
This is Safe Harbor Financial’s largest (disclosed) transaction.
This is Safe Harbor Financial’s 1st transaction in the United States.
This is Safe Harbor Financial’s 1st transaction in Arkansas.

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M&A Deal Summary
Date	October 31, 2022
Target	Abaca
Sector	Financial Services
Buyer(s)	Safe Harbor Financial
Deal Type	Add-on Acquisition
Deal Value	30M USD

Target Company

Abaca

North Little Rock, Arkansas, United States

Abaca is a provider of comprehensive cannabis banking and financial platform which provides compliant bank accounts, treasury management, payments, and other financial services to cannabis companies across the country through proprietary technology and proven partnerships. Abaca was founded in 2017 and is based in North Little Rock, Arkansas.

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Buyer Overview 1

Buyer

Safe Harbor Financial

Golden, Colorado, United States

Category	Company
Founded	2015
Sector	Financial Services
Employees	41
Revenue	18M USD (2024)

DESCRIPTION

Safe Harbor Financial is a provider of compliance, monitoring, and validation services to financial institutions while providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Safe Harbor Financial was founded in 2015 and is based in Golden, Colorado.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Arkansas	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1
Size (of disclosed)	1 of 1

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