SHF Holdings Inc., operating as Safe Harbor Financial, acquired the assets and key personnel of 420 IT Solutions, a cannabis-focused consulting firm, in a performance-based deal comprising up to 125,000 shares dependent on achieving incremental revenue milestones of $5 million in 2026 or $6 million in 2027. The acquired firm's co-founders, Frank A. Salluce and David Smokler, joined Safe Harbor to lead and scale the company's expanded consulting and managed services division.

Safe Harbor Acquires 420 IT Solutions

Dec 23, 2025

Mg Magazine Newswire

MG Magazine

*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.

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