DENVER — SHF Holdings Inc., doing business as Safe Harbor Financial, acquired the assets and key personnel of 420 IT Solutions, a cannabis-focused consulting and managed services firm. Financial terms of the transaction are performance-based, comprising up to 125,000 of the company’s shares that are issuable only upon the achievement of incremental revenue milestones of $5 million in 2026 or $6 million in 2027.
420 IT Solutions co-founders Frank A. Salluce and David Smokler joined Safe Harbor to lead and scale the company’s expanded consulting and managed services division. Salluce and Smokler collectively bring more than 60 years of audit, assurance, advisory, risk, receivership, and compliance consulting experience, including senior leadership roles at PwC, EY, BDO, CohnReznick, and other global professional services firms.
As part of the transaction, Safe Harbor acquired 420 IT Solutions’ operating assets, including existing client contracts, brand and trademarks, proprietary advisory frameworks, and related digital and operational assets focused on regulated banking environments.
