Proposed acquisition and leadership
The proposed deal would make Opifex, a creator-economy media holding company based in Beverly Hills, a wholly owned Safe Harbor subsidiary. Opifex cites Goldman Sachs Research estimates putting the creator economy at approximately $250 billion in 2023, with the potential to reach approximately $480 billion by 2027.
Greg Newman would chair the combined company. Safe Harbor describes him as a serial entrepreneur whose career spans four decades, including roles on Macromedia's founding team, leadership of Apple's QuickTime and development of the Oracle Commerce Server.
Newman also co-founded C2B Technologies, which Inktomi acquired in 1998. He was an early institutional investor in Baidu and served on its board through the company's 2005 Nasdaq IPO, according to Safe Harbor.
Existing client services and deposit figures
Safe Harbor said in its October 26 transaction announcement that it does not expect the Opifex deal to alter services for its cannabis clients or financial-institution partners. The company says it has helped process more than $36 billion in cannabis-related transactions across 41 U.S. states and territories since its inception.
In its preliminary third-quarter 2026 results, Safe Harbor reported that client deposits averaged approximately $119.3 million over the trailing 14 days at September 30. That compares with about $111.1 million a year earlier, an increase of 7.4%, and marks the highest level since April 2024. The deposit figures remain unaudited and subject to closing and review.
Second-quarter revenue
Safe Harbor's second-quarter 2026 revenue totaled approximately $1.93 million, a 4.8% increase from a year earlier. Loan program income accounted for most of the growth, rising 50.7% to about $0.8 million. Account fee income moved in the opposite direction, falling 18.4% to roughly $0.8 million.
