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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.

Rhea-AI Summary
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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Rhea-AI Summary
Safe Harbor Financial (NASDAQ: SHFS) reported Q2 2023 financial and operational highlights. Revenue increased 147% to $4.6 million compared to Q2 2022. Total deposits increased 36% to $1.1 billion. Monthly average accounts held with FI clients increased 65% to 1,002. Monthly average balances on deposit increased 60% to $230.7 million. Loan Book value was $35.9 million. Ended Q2 2023 with $8.2 million in cash.
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Rhea-AI Summary
Safe Harbor Financial to Report Q2 2023 Financial Results and Host Conference Call on August 14th
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Safe Harbor Financial's CEO, Sundie Seefried, has won The Green Market Report Cannabis Finance Award for Top CEO, recognizing her leadership in providing financial services to the regulated cannabis industry.
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Safe Harbor Financial, a leader in financial services for the cannabis industry, has increased its lending and deposit relationship with a tier one multi-state operator (MSO). The company originated three new loans for affiliates of the MSO, totaling $4.3 million. These loans were secured by retail assets in three additional limited-license markets. Safe Harbor's ongoing relationship with the MSO demonstrates its steady credit origination and placement activity in the cannabis industry. The company had previously originated $5.5 million in loans for subsidiaries of the MSO and also provided a $2.9 million loan for a cultivation facility.
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SHF Holdings Inc

Nasdaq:SHFS

SHFS Rankings

SHFS Stock Data

6.21M
1.66M
42.86%
21.84%
0.08%
Banks - Regional
Finance Services
Link
United States
GOLDEN