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SHF Holdings, Inc. - SHFS STOCK NEWS

Welcome to our dedicated page for SHF Holdings news (Ticker: SHFS), a resource for investors and traders seeking the latest updates and insights on SHF Holdings stock.

SHF Holdings, Inc. Class A Common Stock (symbol: SHFS) is a prominent financial services provider dedicated to the cannabis industry. The company offers essential banking solutions to cannabis, hemp, CBD, and ancillary businesses, thereby supporting the safety and growth of local economies. Through strategic partnerships and collaborations, SHF Holdings ensures compliance with the Bank Secrecy Act, leveraging guidance from FinCEN to implement measures of accountability, transparency, and risk mitigation.

SHF Holdings excels in providing a comprehensive suite of services, including Program Management Support, Customer Generation, Ongoing Program Auditing, and Compliance Monitoring. These services are designed to foster long-term partnerships and facilitate reliable financial operations within the cannabis sector.

In recent developments, Dan Roda, the Executive Vice President & Chief Operating Officer, highlighted the company's capacity to meet the high demand for competitive loans within the cannabis industry. This strategic advantage not only strengthens SHF Holdings' position as a leading credit originator but also underscores the scalability of its robust fintech platform.

Notably, SHF Holdings' loan book has surpassed $60 million, comprising 25 cannabis real estate assets across 10 states. This rapid growth reflects the company's prowess in diversifying revenue streams and reducing dependence on deposit-related fees through increased loan origination activities.

To date, SHF Holdings has facilitated over $21 billion in deposit transactions for regulated cannabis businesses across 41 states and U.S. territories. This achievement underscores the company's critical role in supporting the unique financial needs of cannabis operators while adhering to high standards of compliance and monitoring.

For more detailed information about SHF Holdings, its services, and latest news, visit www.shfinancial.org.

News

Safe Harbor Financial Originates $9 Million First Lien Secured Loan for Major, MSO-Operated Cultivation Facility in Denver, Colorado

Rhea-AI Summary
SHF Holdings, Inc. (NASDAQ: SHFS) provided a $9 million loan to fund the refinancing of a major Colorado cultivation facility in Denver, Colorado. The loan, funded by Safe Harbor and its partner financial institutions, reflects the company's increasing loan placement activity and role in supporting the growth of leading cannabis MSOs around the country.
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Safe Harbor Financial Originates $1.17 Million First Lien Secured Loan for Real Estate Acquisition and Construction for Bridgeport, CT Property

Rhea-AI Summary
SHF Holdings, Inc. (NASDAQ: SHFS) facilitates a $1.17 million loan for the acquisition and construction of a new adult-use cannabis retail store in Bridgeport, Connecticut, operated by Higher Collective, a social equity joint venture. Safe Harbor Financial expands its Social Equity Program to support the inclusive and equitable cannabis industry, offering flexible loan terms and normalized banking services. The company also launched a new and improved Social Equity Program to support entrepreneurs impacted by cannabis prohibition and enforcement.
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Safe Harbor Originates $3 Million First Lien Secured Loan for Multi-tenant Cannabis Industrial Building in California

Rhea-AI Summary
SHF Holdings, Inc. (NASDAQ: SHFS) facilitated a $3 million loan for a multi-tenant cannabis industrial building in California. Safe Harbor Financial's Executive Vice President highlighted the strong demand for competitive rate loans in the cannabis industry and the company's unique ability to provide market-competitive credit. The company aims to capitalize on opportunities in the cannabis commercial real estate sector.
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Safe Harbor Financial Announces Third Quarter and Nine Month 2023 Results

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SHF Holdings, Inc. (NASDAQ: SHFS) reported revenue of $4.3 million for Q3 2023, marking an 82.11% increase from the previous year. The company also achieved a record $1.08 billion in processed deposits, and its loan book value grew by 123% year-over-year to $42.2 million. Safe Harbor Financial's CEO, Sundie Seefried, highlighted the successful execution of the growth strategy and the increase in credit portfolio, anticipating a full year 2023 revenue of $16.0-16.5 million.
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Safe Harbor Financial to Report Fiscal Third Quarter 2023 Financial Results on November 14, 2023

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Safe Harbor Financial (SHFS) will report Q3 financial results on November 14, 2023, followed by a conference call hosted by CEO Sundie Seefried and CFO Jim Dennedy to discuss the results and key business highlights.
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Safe Harbor Financial Restructures Certain Deferred Consideration Obligations in Connection With 2022 Acquisition of Abaca

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Safe Harbor Financial announces the restructuring of deferred consideration payable to Abaca shareholders. The restructuring reduces dilution and provides long-term benefits to the company and shareholders. Safe Harbor's enhanced fintech platform now offers comprehensive banking solutions for cannabis operators nationwide.
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Safe Harbor Financial Announces Participation in the Maxim Group Virtual Tech Conference Series: Exploring All Corners of the Tech Sector

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Safe Harbor Financial to participate in Maxim Group 2023 Virtual Tech Conference
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Safe Harbor Financial Launches New Line of Credit Products for Cannabis Businesses

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Safe Harbor Financial launches new line of credit products for cannabis businesses nationwide, offering credit facilities ranging from $25,000 to $1 million at market-leading rates. Lines of credit can be obtained without hard collateral. The expansion of financial solutions aims to serve businesses previously unable to obtain credit at reasonable terms. Safe Harbor strengthens its position as a key partner for cannabis companies and brands, supporting its own growth through new revenue channels.
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Safe Harbor Financial Originates $3 Million First Lien Secured Loan for a Leading THC-infused Beverage Company

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Safe Harbor Financial provides $3 million loan to support a Washington-based organic, THC-infused beverage company's expansion into the California market.
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Safe Harbor Financial Hits Key Milestone by Helping to Process Over $20 Billion in Cannabis Related Funds

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Safe Harbor Financial has successfully facilitated the processing of over $20 billion in cannabis-related funds since its inception in 2015, representing a 31% increase over 2022. This milestone demonstrates the strength of their fintech platform and their role in supporting the growth of cannabis businesses. The increase in core deposits has allowed Safe Harbor to expand its senior secured debt financing, driving shareholder value.
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FAQ

What is the current stock price of SHF Holdings (SHFS)?

The current stock price of SHF Holdings (SHFS) is $0.415 as of December 20, 2024.

What is the market cap of SHF Holdings (SHFS)?

The market cap of SHF Holdings (SHFS) is approximately 21.5M.

What services does SHF Holdings, Inc. provide?

SHF Holdings offers Program Management Support, Customer Generation, Ongoing Program Auditing, and Compliance Monitoring to cannabis-related businesses.

What is the core business of SHF Holdings, Inc.?

The core business of SHF Holdings is providing reliable financial services to cannabis, hemp, CBD, and ancillary operators.

How does SHF Holdings ensure compliance with regulations?

SHF Holdings implements high standards of accountability, transparency, monitoring, and reporting in accordance with FinCEN guidance and the Bank Secrecy Act.

What recent achievements has SHF Holdings, Inc. accomplished?

SHF Holdings' loan book has exceeded $60 million, showcasing rapid growth and successful diversification of revenue streams.

Who is a key executive at SHF Holdings, Inc.?

Dan Roda serves as the Executive Vice President & Chief Operating Officer of SHF Holdings.

How extensive is SHF Holdings' operations?

SHF Holdings has facilitated over $21 billion in deposit transactions for cannabis businesses across 41 states and U.S. territories.

What is unique about SHF Holdings' fintech platform?

SHF Holdings' fintech platform offers competitive loan rates and services that enhance customer acquisition and revenue channels.

How does SHF Holdings contribute to local economies?

By providing reliable banking solutions to cannabis-related businesses, SHF Holdings drives growth in local economies and supports community safety.

Where can I find more information about SHF Holdings, Inc.?

More information can be found on their official website at www.shfinancial.org.

What role does SHF Holdings play in the cannabis industry?

SHF Holdings is a leading financial service provider for cannabis operators, offering essential banking and compliance services.

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SHF Holdings, Inc.

Nasdaq:SHFS

SHFS Rankings

#5274 Ranked by Market Cap
N/A Ranked by Dividends

SHFS Stock Data

21.47M
32.88M
43.12%
21.9%
0.02%
Banks - Regional
Finance Services
Link
United States of America
GOLDEN