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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.
SHF Holdings (NASDAQ: SHFS) has been selected as the preferred facilitator for financial services for the American Trade Association for Cannabis & Hemp (ATACH). This partnership allows ATACH's network of over 1,000 licensed permit holders to access financial services tailored for the cannabis industry, including banking and lending solutions. Safe Harbor has facilitated over $14 billion in transactions since its inception in 2015, positioning itself as a leader in compliant financial services for the cannabis sector.