Safe Harbor Financial to acquire Abaca, shares climb

SHF Holdings

31/10/2022 13:19

** Shares of cannabis fintech firm Safe Harbor Financial
 SHFS.O  up 3% at $3.11 premarket
    ** Co announces agreement to acquire another cannabis
fintech platform Abaca for $30 mln  urn:newsml:reuters.com:*:nTUA4D6CXR
    ** SHFS says the agreement will increase its operation to
more than 30 U.S. states
    ** Abaca CEO Dan Roda to become the COO of SHFS
    ** Up to last close, stock had fallen 70% this year
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))