SHF Holdings (SHFS) Stock News

Safe Harbor Financial (NASDAQ: SHFS) has launched the industry's first Fully Managed Cannabis Banking Program, offering complete operational and compliance outsourcing for financial institutions serving the cannabis industry. The turnkey platform enables banks and credit unions to accept cannabis deposits without expanding internal teams or taking on additional risks.

The program features include complete operational outsourcing, reputational shielding, and improved efficiency ratios. Safe Harbor manages all aspects including BSA/AML compliance, client service, and reporting. The company has processed over $26 billion in cannabis-related deposits across 41 U.S. states and territories since 2015.

Safe Harbor Financial (NASDAQ: SHFS), a leading provider of financial services to the cannabis industry, announced CEO Terry Mendez will speak at the PBC Conference 2025 in Washington, D.C. on September 4, 2025. Mendez will participate in a panel discussion titled "The Business of Cannabis Banking in 2025" alongside other industry experts.

Safe Harbor has demonstrated significant industry presence, having processed over $26 billion in cannabis-related funds across 41 states and territories during its decade of operations. The conference, focused on payments, banking, and compliance in cannabis, will be held at Capital Hilton Hotel on September 3-4, 2025.

Safe Harbor Financial (NASDAQ: SHFS) CEO Terry Mendez will participate as a 'Conscious Capitalist' at Psychedelic Science 2025, the world's largest psychedelic conference. Mendez will serve as a 'Shark' during the Conscious Capitalism Workshop on June 16, 2025, at the Colorado Convention Center. The workshop, dubbed the 'Shark Tank' of PS2025, focuses on mentorship for mission-driven startups in the psychedelic sector. As CEO since early 2025, Mendez brings experience in cannabis and finance, leading Safe Harbor's evolution in providing financial services to cannabis businesses nationwide. The event, hosted by MAPS, brings together entrepreneurs, investors, scientists, and policymakers to discuss psychedelic innovation.

Safe Harbor Financial (NASDAQ: SHFS), a fintech company specializing in financial services for the cannabis industry, announced its participation in the upcoming Benzinga Cannabis Capital Conference from June 8-10, 2025, in Chicago. CEO Terry Mendez will join a panel discussion on financial resilience in the cannabis market, alongside other company executives including Jeffrey Kay, Dominic Marella, and Michael Regan. The panel, scheduled for June 9 at 1:00 p.m. CT, will focus on financial leadership, tax strategy, and capital structure in the volatile cannabis sector. The company will also be available for one-on-one meetings during the conference.

Safe Harbor Financial (NASDAQ: SHFS) has announced a strategic partnership with Bennett Thrasher, a leading accounting and advisory firm, to provide comprehensive financial services to cannabis operators. The collaboration aims to address critical gaps in financial infrastructure for regulated cannabis businesses. Through this partnership, Safe Harbor clients will gain access to essential services including annual audits, tax preparation (including 280E navigation), corporate valuations, M&A support, and CFO-level services. The partnership focuses on helping cannabis businesses improve their audit readiness, build credibility with stakeholders, avoid tax compliance issues, and make strategic financial decisions without the overhead of full-time executive hires.

Safe Harbor Financial has expanded its executive leadership team with two strategic appointments to drive growth in the cannabis financial services sector. The company named Jeffrey Kay as Senior Vice President of Marketing and welcomed back Dominic Marella as Vice President of Business Development.

Kay brings over 30 years of marketing experience, previously serving as CMO at AMMA Investments. He will lead integrated marketing strategy, brand development, and go-to-market execution. Marella, returning after two years, brings expertise in commodities and derivatives, having led cannabis initiatives at Paro and CannaTech Ventures.

Key initiatives include a brand refresh, demand-generation strategy, and partnership marketing program. Both executives join with equity-based incentives, aligning with shareholder interests. The appointments support Safe Harbor's mission to provide compliant, scalable financial solutions to cannabis-related businesses.

Safe Harbor Financial (NASDAQ: SHFS) and FundCanna have announced a strategic partnership through a mutual referral agreement to provide financial services and credit facilities to cannabis-related businesses (CRBs) across the United States. The collaboration aims to deliver accessible funding options and compliant banking services to cannabis operators facing limitations from traditional financial institutions.

Under the agreement, FundCanna-approved clients referred by Safe Harbor will deposit loan proceeds directly into Safe Harbor-managed bank accounts, ensuring regulatory compliance. The partnership enables both companies to cross-refer clients: Safe Harbor can introduce qualified clients to FundCanna for working capital and equipment financing, while FundCanna can refer clients to Safe Harbor for banking services.

This initiative comes as cannabis operators face cash constraints due to regulatory hurdles and access to traditional capital, offering an end-to-end solution for financing and banking needs.

Safe Harbor Financial (NASDAQ: SHFS) and Würk have announced an expanded strategic partnership to provide integrated financial services and workforce solutions to the cannabis industry. The partnership establishes a mutual referral program where Würk will introduce cannabis-related businesses to Safe Harbor's digital-first banking solutions, while Safe Harbor will refer clients to Würk's industry-specific HCM services.

The collaboration aims to address one of the cannabis industry's most significant challenges: access to reliable banking and workforce management solutions. According to the companies, as of 2023, 70% of cannabis businesses cited 'lack of access to banking or investment capital' as their primary challenge. The non-exclusive agreement allows both companies to maintain relationships with other industry partners while helping cannabis entrepreneurs secure fair banking rates and establish personal bank accounts with cannabis-friendly institutions.

Safe Harbor Financial (NASDAQ: SHFS) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 2024 revenue was $3.7M, down from $4.5M in Q4 2023 but up 5% from Q3 2024. Loan Interest Income showed strong growth, increasing 82% year-over-year in Q4 and 123% for full-year 2024.

Full-year 2024 revenue was $15.2M, compared to $17.6M in 2023. The company maintained positive Adjusted EBITDA for three consecutive years, with $2.9M for 2024. Operating expenses decreased 42% to $22.3M in 2024. The company recorded a net loss of $48.3M, including $43.9M in non-cash valuation allowance and $9.1M in impairment charges.

Notable developments include the modification of the Partner Colorado Credit Union debt obligation, unlocking $6.4M in cash flow over two years, and reaching a milestone of processing over $25B in cannabis-related funds.