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Cannabis Banking: Safe Harbor to Trade on Nasdaq

Sundie Seefried, CEO of Safe Harbor Financial, is a cannabis industry pioneer who has been lending money and is authorized to provide banking services to marijuana businesses since the early days of legalization. With Safe Harbor on its way to going public on the Nasdaq, the company will have more money to lend to marijuana businesses and help them grow.

Sundie Seefried is combining his company with Northern Lights Acquisition, a blank-check business also known as a special purpose acquisition company (SPAC). The merger will give Safe Harbor Financial a $1.1 billion valuation and a total of $185 million in cash and stock. The company plans to use the money to expand its lending operations, support the growth of its cannabis businesses, and develop new products and services.

This is great news for the marijuana industry, which is growing rapidly and needs more money to help businesses grow. Safe Harbor Financial is a well-respected company, and the merger is a clear indication that Sundie Seefried is committed to helping this burgeoning industry grow into a major player in the economy.

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