Safe Harbor Financial / Abaca 2022
Safe Harbor Financial acquired Abaca for $30M on November 1, 2022.
- Target
- Abaca
- Acquirer
- Safe Harbor Financial
- Deal value
- $30M
- Announced
- November 1, 2022
- Sub-sector
- Treasury / Cash Management
Transaction overview
- Safe Harbor Financial announced the acquisition of Abaca on November 1, 2022 for $30M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Combines Safe Harbor's financial services with Abaca's cannabis fintech platform to create comprehensive banking, treasury management, and payment solutions for cannabis operators.
Deal terms & multiples
Frequently asked questions
How much did Safe Harbor Financial pay for Abaca?
Safe Harbor Financial acquired Abaca for $30M, announced on November 1, 2022.
When did Safe Harbor Financial announce the acquisition of Abaca?
Safe Harbor Financial announced the acquisition of Abaca on November 1, 2022.
What sub-sector is Abaca in?
Abaca is tracked in the Treasury / Cash Management sub-sector.
Sources
- markets.financialcontent.com /stocks/article/financialnewsmedia-2022-11-1-global-cannabis-market-size-expected-to-reach-489-billion-by-2027-at-a-cagr-of-246