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 (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.
Safe Harbor (NASDAQ: SHFS) reported early adoption of its cannabis-focused Safe Harbor Multiple Employer 401(k) Plan, with six new clients, including a multistate operator. Canopy HR has named the plan its recommended retirement solution for cannabis employers within its ecosystem.
Canopy HR serves approximately 526,000 worksite employees, potentially broadening market reach for Safe Harbor’s retirement offering. The company positions this plan to help cannabis operators meet growing state retirement-plan mandates and workforce expectations, while complementing its existing banking, lending, payroll, HR and employee banking services.
Safe Harbor Financial (NASDAQ: SHFS) announced that the temporary reduction in the conversion price of its Series B Convertible Preferred Stock and the exercise price of associated Series B Warrants ended on July 31, 2026. Both prices have reverted to $1.5528. During the reduced-price period, holders converted 3,198 Series B Preferred shares into 4,920,005 common shares. After these conversions, 12,332,955 common shares and 27,134 Series B Preferred shares were outstanding, while no Series B Warrants were exercised.
Safe Harbor (NASDAQ: SHFS), a fintech focused on regulated cannabis and hemp, will showcase its Safe Harbor Institutional Infrastructure-as-a-Service (IaaS) operating model at the ACB Cannabis Banking eXperience Conference on July 15–16, 2026, in Albuquerque, New Mexico.
CEO and CFO Terry Mendez will lead educational sessions on operational execution, commercial lending strategies and scalable, compliant cannabis banking programs for financial institutions.
Safe Harbor Financial (NASDAQ: SHFS) expanded its Board of Directors from five to six members following the April 22, 2026 appointment of Tyler Klimas and Sean Tonner. Klimas and Tonner take key committee roles, while director Richard Carleton will not seek reelection in 2026.