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Safe Harbor Financial Originates $1.07 Million Secured Credit Facility for Missouri Cannabis Operator

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Safe Harbor Financial (NASDAQ: SHFS) has originated a $1.07 million secured credit facility for a Missouri cannabis operator, marking the first tranche of a $5 million commitment to refinance existing senior debt. The facility is secured by four retail dispensaries and a manufacturing facility in Missouri. The refinancing aims to reduce the operator's borrowing costs and optimize operations in Missouri's cannabis market. Safe Harbor positions itself as a key partner offering competitive financial solutions to cannabis operators who are typically underserved by traditional banking institutions.

Safe Harbor Financial (NASDAQ: SHFS) ha originato un prestito garantito di 1,07 milioni di dollari per un operatore di cannabis del Missouri, segnando la prima tranche di un per rifinanziare il debito senior esistente. Il prestito è garantito da quattro negozi e una struttura di produzione nel Missouri. Il rifinanziamento mira a ridurre i costi di prestito dell'operatore e ottimizzare le operazioni nel mercato della cannabis del Missouri. Safe Harbor si posiziona come un partner chiave, offrendo soluzioni finanziarie competitive agli operatori di cannabis che spesso sono sottoserviti dalle istituzioni bancarie tradizionali.

Safe Harbor Financial (NASDAQ: SHFS) ha originado una facilidad de crédito garantizada de 1.07 millones de dólares para un operador de cannabis en Misuri, marcando la primera tranche de un compromiso de 5 millones de dólares para refinanciar la deuda senior existente. La facilidad está garantizada por cuatro dispensarios minoristas y una instalación de fabricación en Misuri. El refinanciamiento tiene como objetivo reducir los costos de endeudamiento del operador y optimizar las operaciones en el mercado de cannabis de Misuri. Safe Harbor se posiciona como un socio clave que ofrece soluciones financieras competitivas a los operadores de cannabis que a menudo son desatendidos por las instituciones bancarias tradicionales.

세이프 하버 파이낸셜 (NASDAQ: SHFS)는 미주리의 대마초 운영자를 위해 107만 달러 규모의 담보 대출을 시작하여, 기존의 선순위 부채를 재융자하기 위한 500만 달러 규모의 약정의 첫 번째 분할금을 표시합니다. 이 시설은 미주리의 네 개 소매 판매점과 제조 시설로 담보가 설정되어 있습니다. 재융자의 목적은 운영자의 차입 비용을 줄이고 미주리 대마초 시장에서의 운영을 최적화하는 것입니다. 세이프 하버는 전통적인 은행 기관에서 일반적으로 서비스가 부족한 대마초 운영자에게 경쟁력 있는 금융 솔루션을 제공하는 주요 파트너로 자리매김하고 있습니다.

Safe Harbor Financial (NASDAQ: SHFS) a mis en place une facilité de crédit garantie de 1,07 million de dollars pour un opérateur de cannabis dans le Missouri, marquant la première tranche d'un engagement de 5 millions de dollars pour refinancer la dette senior existante. La facilité est garantie par quatre points de vente au détail et une installation de fabrication dans le Missouri. Le refinancement vise à réduire les coûts d'emprunt de l'opérateur et à optimiser les opérations sur le marché du cannabis du Missouri. Safe Harbor se positionne comme un partenaire clé offrant des solutions financières compétitives aux opérateurs de cannabis qui sont généralement mal servis par les institutions bancaires traditionnelles.

Safe Harbor Financial (NASDAQ: SHFS) hat eine besicherte Kreditfazilität in Höhe von 1,07 Millionen Dollar für einen Cannabis-Betreiber in Missouri bereitgestellt, was die erste Tranche eines 5 Millionen Dollar Engagements zur Refinanzierung bestehender vorrangiger Schulden markiert. Die Fazilität ist durch vier Einzelhandels-Apotheken und eine Produktionsstätte in Missouri gesichert. Ziel der Refinanzierung ist es, die Finanzierungskosten des Betreibers zu senken und die Abläufe im Cannabis-Markt von Missouri zu optimieren. Safe Harbor positioniert sich als wichtiger Partner, der wettbewerbsfähige Finanzlösungen für Cannabis-Betreiber anbietet, die typischerweise von traditionellen Bankinstituten unterversorgt sind.

Positive
  • Originated new $1.07M secured credit facility with potential to expand to $5M
  • Secured by substantial collateral including 4 retail dispensaries and manufacturing facility
  • Expanding credit portfolio in growing cannabis market
Negative
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Insights

This $1.07 million credit facility, part of a larger $5 million commitment, marks a strategic expansion in Safe Harbor's lending portfolio. The deal's structure, securing multiple retail locations and a manufacturing facility, demonstrates strong collateralization practices. The refinancing arrangement should generate steady interest income while reducing the borrower's costs, creating a win-win scenario.

Safe Harbor's expansion in Missouri's cannabis market is particularly noteworthy given the state's rapid growth in cannabis sales. By offering bank-quality lending at competitive rates, SHFS is positioning itself as a key financial intermediary in an underserved market. This deal could serve as a template for similar arrangements, potentially accelerating loan portfolio growth and recurring revenue streams.

Credit Facility Represents First Tranche of $5 Million Commitment to Refinance Existing Senior Debt

GOLDEN, Colo., Oct. 29, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced that it has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, the first tranche of a $5 million commitment to refinance existing senior debt. The loan further solidifies Safe Harbor’s position as a key partner for cannabis operators seeking competitive financial solutions in the rapidly evolving cannabis financial sector.

The facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility in Missouri. The refinancing reduces the operator's borrowing costs and will enable them to optimize their operations within the state’s growing cannabis market.

“Our competitively-priced financing solutions provide cannabis operators — who are often underserved by traditional banking institutions — with the means to achieve their business goals,” said John Foley, Senior Vice President of Commercial Lending at Safe Harbor. “Our ability to offer competitive rates and tailored lending solutions is a key differentiator for Safe Harbor, and this transaction highlights our commitment to fostering growth in the cannabis sector by providing access to bank-quality financial services. We are building on our credibility and expertise in cannabis underwriting, with the goal of helping more operators achieve financial stability and growth.”

Mr. Foley added, “Offering cannabis operators access to capital is a major component of Safe Harbor’s long term strategy to support the evolving needs of the cannabis industry, to grow our credit portfolio and deliver value to our investors.”

About Safe Harbor
Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past eight years, Safe Harbor has facilitated more than $23 billion in deposit transactions for businesses with operations spanning over 41 states and US territories with regulated cannabis markets. For more information, visit www.shfinancial.org.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements'' within the meaning of federal securities laws. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S and state laws, rules, regulations and guidance relating to Safe Harbor’s services; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; new product and service offerings Safe Harbor may introduce in the future; the impact volatility in the capital markets, which may adversely affect the price of the Company’s securities; the outcome of any legal proceedings that may be instituted against Safe Harbor; other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future; and the other risk factors discussed in Safe Harbor’s filings from time to time with the Securities and Exchange Commission. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject, are subject to risks and uncertainties. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of Safe Harbor), and other assumptions, that may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

Contact Information
Safe Harbor Media
Nick Callaio, Marketing Manager
720.951.0619
Nick@SHFinancial.org

Safe Harbor Investor Relations
ir@SHFinancial.org

KCSA Strategic Communications
Ellen Mellody
safeharbor@kcsa.com


FAQ

What is the value of Safe Harbor Financial's (SHFS) new credit facility in Missouri?

Safe Harbor Financial (SHFS) originated a $1.07 million secured credit facility, which is the first tranche of a larger $5 million commitment.

What assets secure Safe Harbor Financial's (SHFS) new credit facility in Missouri?

The credit facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility in Missouri.

What is the total commitment amount for Safe Harbor Financial's (SHFS) Missouri refinancing deal?

The total commitment amount is $5 million, with the initial $1.07 million being the first tranche.

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