SHF Holdings, Inc. reports developments for Safe Harbor, a financial technology platform serving the banking, lending, and financial services needs of regulated cannabis and hemp businesses. Company news centers on compliant cannabis banking, deposit services, loan program income, lending products, payments solutions, and services for cannabis-related businesses and financial institutions.
Recurring updates include expanded financing capabilities such as commercial real estate financing, working capital, equipment financing, cash flow lending, accounts receivable financing, bridge financing, and loan syndications. Other news themes include financial results, balance sheet actions, the Partner Colorado Credit Union commercial alliance, deposit growth in emerging U.S. cannabis markets, and regulatory developments affecting state-licensed cannabis operators.
Safe Harbor (Nasdaq: SHFS) outlined substantial shareholder dilution, an imminent delisting risk and a proposed reverse acquisition involving Opifex Media. Series B conversions increased common shares outstanding from 1,028,702 on September 30 to 132,248,520 on November 6, 2026; remaining preferred shares could convert into approximately 62.9 million additional shares.
The stock closed below $0.10 for eight consecutive business days; ten would trigger a Nasdaq delisting determination despite an April 19, 2027 compliance deadline. The non-binding Opifex proposal would give its holders approximately 85% ownership, with legacy holders receiving approximately 15%, subject to adjustment. Completion requires financing and approvals. Third-quarter revenue rose 6.5% to $1.95 million, but net loss was approximately $979,000. Liquidity remains limited, and financial statements include a going concern disclosure.
Safe Harbor Financial (SHFS) reported third-quarter 2026 revenue of $1.95 million, up 6.5% from the prior-year quarter. Loan program income rose 70.2% under improved revenue-sharing terms with Partner Colorado Credit Union, despite lower average loan balances. Operating loss narrowed to $1.002 million from $1.217 million, but net results swung to a $979,000 loss from $180,000 income.
Cash fell to $4.40 million from $6.78 million at year-end, and substantial doubt about continued operations remains. A nonbinding Opifex combination contemplates approximately 85% ownership for Opifex holders and 15% for existing Safe Harbor stakeholders, with the latter adjustable to 12.5%–17.5%. The deal requires definitive agreements, approvals and financing. Nasdaq extended the $1 bid-price compliance deadline to April 19, 2027. Per-share figures reflect a 1-for-12 reverse split effective September 30, 2026.
Safe Harbor Financial (SHFS) signed a non-binding term sheet to combine with Opifex Media in a proposed holding-company structure. Opifex would become a wholly owned subsidiary, adding creator-economy businesses alongside Safe Harbor’s continuing cannabis financial services business.
Opifex security holders would receive 85% of fully diluted ownership and existing Safe Harbor stakeholders 15%, before closing financing and an incentive reserve. Safe Harbor’s allocation could range from 12.5% to 17.5%, supported by a fairness opinion. The contemplated Opifex valuation is not less than $50 million, subject to independent review.
The parties intend to close before April 19, 2027, subject to definitive agreements, diligence, approvals and other conditions. Nasdaq extended Safe Harbor’s deadline to regain compliance with its $1.00 minimum bid price requirement through that date.
Safe Harbor Financial (Nasdaq: SHFS) received an additional 180-calendar-day period to regain compliance with Nasdaq’s minimum bid price requirement.
The new deadline is April 19, 2027, following the initial compliance period that ended October 19, 2026. The shares must close at at least $1.00 for a minimum of 10 consecutive business days during the second period for Nasdaq to confirm compliance. The notification has no immediate effect on listing or trading on The Nasdaq Capital Market.
The company intends to cure the deficiency through a reverse stock split, if necessary, and will evaluate available options before the deadline. No split ratio or effective date was announced.
Safe Harbor (SHFS) announced preliminary third-quarter deposit results, with trailing 14-day average client deposits reaching approximately $119.3 million at quarter end. At September 30, 2026, the balance was up 7.4% from approximately $111.1 million a year earlier and approximately 25% above the May 2025 low of approximately $95.3 million. It was the highest since April 2024.
Deposits increased approximately 9.6% sequentially, following approximately 4.1% growth in the second quarter. Safe Harbor estimates approximately $150,000 in incremental annualized investment income from the September 16 Federal Reserve rate increase, assuming September 30 deposit and loan balances and partner arrangements remain unchanged. The deposit information is unaudited, subject to closing and review, and may differ materially from final information. It does not establish quarterly revenue or net income; full results are planned for a later date.
Safe Harbor Financial (SHFS) approved a 1-for-12 reverse stock split expected to take effect September 30, 2026.
Stockholders authorized the split at a special meeting on November 6, 2025. At the effective time, every 12 issued and outstanding common shares will automatically become one common share. The split is expected to take effect at 12:01 a.m. Eastern Time. Safe Harbor expects its common stock to begin split-adjusted trading on Nasdaq on September 30, 2026, under the existing SHFS ticker and a new CUSIP number, 824430 409.
Safe Harbor (SHFS) was named Top Business Solutions Company at the 2026 PBC Awards during a cannabis banking conference in Washington, D.C.
Safe Harbor Institutional was the conference’s official cannabis banking solutions sponsor. At the September 9–10 event, CEO Terry Mendez gave keynote remarks and moderated a panel on operating cannabis banking programs.
SHF Holdings (SHFS) will have CEO Terry Mendez speak on a panel about federal cannabis reform and potential rescheduling impacts on Colorado operators at IgniteIt Market Spotlight: Colorado 2026. The session, titled “The Rescheduling Rundown: What Medical Cannabis Reform Could Mean for Colorado,” is scheduled for Friday, September 18 from 3:25 pm to 3:55 pm MT. Other panelists include legal and accounting professionals from Foley Hoag, Greenspoon Marder and Crowe, with moderation by Speherex’s CRO.
SHF Holdings (NASDAQ:SHFS), operating as Safe Harbor Institutional, announced that CEO Terry Mendez will moderate a 30-minute banking track session at the PBC Conference on September 9 at 1 p.m. ET. The panel, titled “Scaling Cannabis Banking Programs: Operational Models That Work,” will feature executives from Greenbax Marketplace, United Prairie Bank, CFG Bank and First Fidelity Bank. According to the company, discussion topics include how financial institutions structure cannabis banking programs around risk appetite, operational resources and profitability, with practical insights on staffing, compliance oversight, technology, workflows, scalability and program economics.
Safe Harbor Financial (NASDAQ: SHFS) reported second quarter 2026 revenue of approximately $1.93 million, up 4.8% year over year, driven mainly by a 50.7% increase in loan program income to about $0.8 million. Account fee income declined 18.4% to roughly $0.8 million, while investment income held at about $0.3 million.
Average deposit balances rose 6.8% year over year to $108.4 million, and average account balances increased 6.3%. Operating expenses were about $3.0 million, up 5.1% for the quarter but down 0.6% year to date. Net loss widened to $(1.5) million, with net loss attributable to common stockholders of $(2.5) million or $(0.36) per share, largely due to a $1.0 million non-cash deemed dividend from induced Series B preferred conversions. As of June 30, 2026, cash and equivalents were $5.7 million and stockholders’ equity was $6.1 million.