GOLDEN, Colorado, June 5, 2024 (GLOBE NEWSWIRE) – SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS)leader in facilitating financial services and lines of credit for the regulated cannabis industry, today announced the formal launch of its new small business line of credit with the origination of new loans to three Colorado-based operators who are Safe clients for a long time. Port.
“We are pleased to be able to offer our long-time customers access to lines of credit on reasonable terms, an opportunity that is often not available to cannabis businesses,” said Sundie Seefried, CEO of Safe Harbor Financial. “Over the past two years, we have recognized growing demand from small and medium-sized cannabis businesses as they are largely ignored by traditional financial institutions, even those currently lending to larger cannabis operators. “The launch of our small business line of credit program underscores our commitment to supporting the capital needs of the entire cannabis ecosystem and further expands the set of offerings available on our lending platform.”
The three new credit facilities were issued at standardized, non-predatory rates, with no real estate collateral, instead using a flexible set of underwriting standards, a key differentiator from many other available sources of cannabis industry financing. The three Colorado operators receiving funding are current Safe Harbor customers.
About Safe Harbor
Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD and ancillary operators, making communities safer, driving growth in local economies and promoting the long term. associations. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures, while complying with Bank Secrecy Act obligations in accordance with the FinCEN guide to cannabis-related businesses. Over the past nine years, Safe Harbor has facilitated more than $21 billion in escrow transactions for companies with operations in more than 41 U.S. states and territories with regulated cannabis markets. For more information visit www.shfinancial.org.
Forward-looking statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may include, but are not limited to, statements regarding trends in the cannabis industry, including proposed changes to U.S. and state laws, rules, regulations and guidelines relating to Safe Harbor’s services; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operating performance, including relative to its competitors and credit performance; new product and service offerings that Safe Harbor may introduce in the future; the impact of recent volatility in the capital markets, which may adversely affect the price of the Company’s securities; Safe Harbor’s ability to make the same or similar loans in the future; the outcome of any legal proceedings that may be brought against Safe Harbor; other statements about Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future; and the other risk factors discussed in Safe Harbor’s filings from time to time with the SEC. Additionally, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “outlook”, “could”, “could”, “plan”, “possible”. “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond Safe Harbor’s control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. . gaze statements. These and other risks are discussed in detail in Safe Harbor’s periodic reports filed with the SEC, and investors are urged to review those periodic reports and Safe Harbor’s other filings with the SEC, which can be accessed on the site. SEC website at www.sec. gov, before making an investment decision. Safe Harbor undertakes no obligation to update its forward-looking statements except as required by law.
contact information
Safe Harbor Means
Nick Callaio, Marketing Director
720.951.0619
Nick@SHFinancial.org
Safe Harbor for Investor Relations
ir@SHFinancial.org
KCSA Strategic Communications
Phil Carlson
safeport@kcsa.com
