Safe Harbor Financial has announced the hiring the founders of 420 IT Solutions, a leading cannabis-focused consulting and managed services firm serving financial institutions and cannabis operators, along with the integration of 420 IT Solutions' core operating assets and active client contracts into Safe Harbor's platform.
420 IT Solutions co-founders Frank A. Salluce and David Smokler have joined Safe Harbor and will lead and scale the Company's expanded Consulting and Managed Services division. This transaction represents a strategic expansion of Safe Harbor's financial platform, adding an established operating business with proven leadership, immediate revenue, and deep industry relationships across both financial institutions and cannabis operators.
As part of the transaction, Safe Harbor has 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.
"This is a strategic expansion designed to accelerate execution of our consulting and managed services strategy," said Terry Mendez, CEO of Safe Harbor. "Frank and David bring a proven operating business, existing revenue, and trusted industry relationships, and their performance-aligned incentives should directly support our growth objectives. This strengthens our ability to serve both financial institutions and cannabis operators with a broader, more integrated set of compliant solutions."
"420 IT Solutions was built to help regulated financial institutions and cannabis businesses navigate complex compliance environments effectively," said David Smokler. "By joining Safe Harbor, we gain the scale, platform, and distribution to expand those capabilities while remaining tightly aligned with performance and results."
Frank Salluce added: "Safe Harbor's leadership, infrastructure, and long-term vision create a strong opportunity to accelerate growth across consulting and managed services. We are excited to build on existing client relationships, introduce new cannabis operators and financial institutions to the platform, and expand the value delivered to operators across the ecosystem."
For more information:
Safe Harbor Financial
shfinancial.org
