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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.

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Rhea-AI Summary

Safe Harbor Financial, operating as SHF Holdings, Inc., will release its Q1 2024 financial results on May 13, 2024. The company specializes in financial services and credit for the regulated cannabis industry. A conference call with the CEO and CFO will follow the release to discuss results and business highlights.

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End-of-Day
-0.51%
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conferences earnings
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Rhea-AI Summary

Safe Harbor Financial, a leading financial services provider to the regulated cannabis industry, issues a statement on the DEA rescheduling cannabis from Schedule I to Schedule III. CEO Sundie Seefried highlights the positive impact on lending opportunities, access to capital, and financial stability in the industry. This shift is expected to drive growth, innovation, and job creation. The global implications of rescheduling could influence international agreements and treaties. Despite the positive changes, challenges with payment networks and regulatory compliance persist. Safe Harbor Financial remains committed to providing tailored financial solutions to support the evolving cannabis sector.

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-10.11%
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Rhea-AI Summary
Safe Harbor Financial appoints CEO Sundie Seefried to Board of Directors, replacing John Darwin. Seefried's expertise in cannabis finance and banking to benefit Safe Harbor's expansion in the industry.
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-5.84%
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management
Rhea-AI Summary
SHF Holdings, Inc., d/b/a Safe Harbor Financial, reported a significant increase in annual revenue by 85.3% to $17.6 million in 2023. The Loan Book Value surged by 194.2% to $55.6 million. Safe Harbor facilitated over $21.5 billion in deposit activity across 41 states since inception.
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-3.39%
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Rhea-AI Summary
SHF Holdings, Inc., known as Safe Harbor Financial, will host a conference call on April 1st, 2024, to discuss financial results for the full year 2023. CEO Sundie Seefried and CFO Jim Dennedy will lead the call, focusing on key business highlights in the regulated cannabis industry.
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End-of-Day
-3.56%
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conferences earnings
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Rhea-AI Summary
Safe Harbor Financial, a leader in financial services for the cannabis industry, announced a $4.6 million credit facility for a Michigan cannabis operator, increasing its total loan book to over $60 million. The company has a diversified loan portfolio across 10 states, supporting emerging cannabis operators with competitive rates and structures.
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0.18%
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SHF Holdings, Inc. (NASDAQ: SHFS) provided a $9 million loan to fund the refinancing of a major Colorado cultivation facility in Denver, Colorado. The loan, funded by Safe Harbor and its partner financial institutions, reflects the company's increasing loan placement activity and role in supporting the growth of leading cannabis MSOs around the country.
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End-of-Day
2.38%
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Rhea-AI Summary
SHF Holdings, Inc. (NASDAQ: SHFS) facilitates a $1.17 million loan for the acquisition and construction of a new adult-use cannabis retail store in Bridgeport, Connecticut, operated by Higher Collective, a social equity joint venture. Safe Harbor Financial expands its Social Equity Program to support the inclusive and equitable cannabis industry, offering flexible loan terms and normalized banking services. The company also launched a new and improved Social Equity Program to support entrepreneurs impacted by cannabis prohibition and enforcement.
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1.24%
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Rhea-AI Summary
SHF Holdings, Inc. (NASDAQ: SHFS) facilitated a $3 million loan for a multi-tenant cannabis industrial building in California. Safe Harbor Financial's Executive Vice President highlighted the strong demand for competitive rate loans in the cannabis industry and the company's unique ability to provide market-competitive credit. The company aims to capitalize on opportunities in the cannabis commercial real estate sector.
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-2.22%
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SHF Holdings, Inc. (NASDAQ: SHFS) reported revenue of $4.3 million for Q3 2023, marking an 82.11% increase from the previous year. The company also achieved a record $1.08 billion in processed deposits, and its loan book value grew by 123% year-over-year to $42.2 million. Safe Harbor Financial's CEO, Sundie Seefried, highlighted the successful execution of the growth strategy and the increase in credit portfolio, anticipating a full year 2023 revenue of $16.0-16.5 million.
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End-of-Day
-4.55%
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SHF Holdings, Inc.

Nasdaq:SHFS

SHFS Rankings

SHFS Stock Data

43.26M
23.96M
45.16%
17.41%
0.14%
International Trade Financing
Finance and Insurance
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United States of America
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