Safe Harbor Financial

SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, announced on Wednesday the closing of a $500,000 loan to PI 51st Avenue, LLC, a subsidiary of Pioneer Interests, Inc, doing business as Natty Rems, LLC. This loan is offered under the Cannabis Resource Optimization Program (...

Safe Harbor Financial (NASDAQ:SHFS) reported a significant turnaround in the third quarter of 2024, achieving a net income of $354,000 – a stark improvement from the $748,000 loss in the same quarter of 2023. However, total revenue declined by 20%, dropping from $4.3 million to $3.5 million....

Cautiously optimistic is one way to look at former President Donald Trump’s electoral win among cannabis industry leaders, some of whom say they are balancing hope for reforms with concerns over regulatory clarity and state autonomy. As the industry awaits Trump's direction on cannabis...

Tyler Beuerlein, chief strategic business development officer at Safe Harbor Financial, recently outlined the ongoing challenges and solutions within cannabis banking in an exclusive interview with Benzinga. Operating across state-legal markets and Puerto Rico, Safe Harbor aims to provide compliant...

Safe Harbor Financial (NASDAQ:SHFS) issued a $1.07 million secured credit facility to a Missouri-based cannabis operator, marking the first tranche in a larger $5 million commitment designed to refinance existing senior debt. The loan is backed by a portfolio including four dispensaries and a...

Safe Harbor Financial (NASDAQ:SHFS), focused on cannabis banking solutions, is embroiled in a legal battle over its $30 million acquisition of Rockview Digital Solutions (Abaca), initially agreed upon in October 2022. Complications arose as the company prepared for a scheduled payment to...

“The fall of 280E will be the single most impactful moment for cannabis operators in decades,” said Aaron Grey, senior analyst at Alliance Global Partners, on Tuesday at the Benzinga Cannabis Capital Conference in Chicago. The panel, moderated by Claire Hanson, Member-in-Charge of the...

SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, a provider of financial services and credit solutions for the cannabis industry, announced its financial results Wednesday for the second quarter and six months ended June 30, 2024. Q2 2024 Financial Highlights Revenue was...

The Benzinga Cannabis Capital Conference, scheduled for October in Chicago, is set to be a standout event in the cannabis industry calendar. This conference will feature an impressive roster of industry leaders and innovators, each bringing their own perspective to the forefront of cannabis...

Safe Harbor Financial Services, Inc. (NASDAQ: SHFS) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period last year. CEO Sundie Seefried noted the company...

Safe Harbor Financial (NASDAQ: SHFS), a leading facilitator of financial services to the regulated cannabis industry, reported its financial results late Monday for the fourth quarter and full year concluded on December 31, 2023. Safe Harbor reported record annual revenue surging by 85.3% to $...

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS), a leading provider of financial services to the cannabis industry, reported robust financial and operational performance for the three- and nine-month period ended September 30, 2023. Q3 2023 Financial Results For the quarter...

At the recent Benzinga Cannabis Capital Conference in Chicago, experts explored the role of small banks and credit unions in the cannabis industry. With regulatory challenges and evolving services, these institutions are vital for the sector's growth. What drives these smaller players into...

Sundie Seefried, CEO and president of Safe Harbor Financial, was a panelist on “Small Banks And Credit Unions: The Creators Of The American (Cannabis) Dream” at Benzinga’s Cannabis Capital Conference. Seefried shared that one of the biggest challenges of financing the cannabis...

Safe Harbor Financial (NASDAQ: SHFS), a pioneer in delivering financial services to the regulated cannabis sector, has announced the origination of a $3 million loan for a Washington-based organic THC-infused beverage company. This financial infusion aims to fuel the company's expansion into...