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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 (SHFS) provides essential financial services for cannabis-related businesses, specializing in banking access and regulatory compliance solutions. This news hub offers investors and industry stakeholders timely updates on company developments within this complex sector.

Track official announcements including regulatory compliance updates, strategic banking partnerships, and financial service innovations tailored for cannabis operators. Our curated collection helps users monitor SHFS's progress in bridging traditional finance with emerging cannabis markets.

Key content includes earnings reports, compliance framework enhancements, risk management initiatives, and social equity program developments. All updates are sourced directly from company communications to ensure accuracy and timeliness.

Bookmark this page for centralized access to SHFS's evolving solutions addressing cannabis banking challenges, including FinCEN compliance strategies and financial inclusion efforts for underserved operators.

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Safe Harbor Financial, a leader in financial services for the cannabis industry, announced a $4.6 million credit facility for a Michigan cannabis operator, increasing its total loan book to over $60 million. The company has a diversified loan portfolio across 10 states, supporting emerging cannabis operators with competitive rates and structures.
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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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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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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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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 (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 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 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 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 provides $3 million loan to support a Washington-based organic, THC-infused beverage company's expansion into the California market.
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SHF Holdings Inc

Nasdaq:SHFS

SHFS Rankings

SHFS Stock Data

11.67M
1.66M
42.86%
21.84%
0.08%
Banks - Regional
Finance Services
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United States
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