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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 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.
Safe Harbor Financial (NASDAQ: SHFS) reported Q1 2026 revenue of approximately $2.0 million, up 2.2% year over year, with loan program income rising 55.6% to about $0.8 million. Operating expenses fell 4.7%.
Cash totaled $5.9 million and stockholders’ equity was $6.7 million, versus a ($16.9) million deficit a year earlier. A second amended PCCU agreement, extending to 2031, is expected to generate $9 million+ in incremental revenue and includes a ~$400,000 retroactive payment.
Safe Harbor (NASDAQ: SHFS) announced on April 30, 2026 an expanded lending platform to broaden financing for regulated cannabis and hemp businesses. New capabilities include commercial real estate, working capital, equipment financing, cash-flow and revenue-based loans, syndications, sale-leaseback and acquisition financing.
The platform connects qualified borrowers with private credit funds, family offices and institutional partners and reviews financing requests individually. The expansion follows Safe Harbor's recent launch of a cannabis-focused 401(k) plan and aims to integrate banking, payments and growth capital for cannabis-related businesses.
Safe Harbor Financial (NASDAQ: SHFS) responded to the DOJ order that moved FDA-approved cannabis products and qualifying state-licensed medical marijuana into Schedule III, effective April 22, 2026. The order removes Section 280E’s deduction disallowance for qualifying medical operators, establishes a 60-day expedited DEA registration pathway for early applicants, and preserves existing Bank Secrecy Act obligations.
Safe Harbor expects the change to potentially improve operator cash flow, deposit stability, credit profiles, and demand for its managed compliance and banking services.
Safe Harbor (NASDAQ: SHFS) launched the Safe Harbor Retirement Plan on April 21, 2026, a pooled employer 401(k) built for state-legal cannabis businesses. The plan uses collective investment trusts to enable participation by cannabis-related employers and aims to reduce plan disruption risk; Safe Harbor is the first adopting member.
Safe Harbor Financial (NASDAQ: SHFS) reported fourth quarter and full year 2025 results with a transformed balance sheet and operational progress. Key highlights include elimination of substantially all debt, $6.8M cash, $8.2M stockholders' equity, Q4 revenue up 12% sequentially and a renewed PCCU agreement through 2031.
Full year revenue declined versus 2024 but operating expenses and loan program economics improved sequentially in Q4.