Abaca

Safe Harbor Financial (NASDAQ:SHFS) reported a significant turnaround in the third quarter of 2024, achieving a net income of $354,000 – a stark improvement from the $748,000 loss in the same quarter of 2023. However, total revenue declined by 20%, dropping from $4.3 million to $3.5 million....

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS) closed the acquisition of Rockview Digital Solutions, Inc, d/b/a Abaca, a financial technology platform focused on serving the cannabis industry. The acquisition increases Safe Harbor's customer base to include more than 1,000...

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS), has entered into an agreement to acquire Rockview Digital Solutions, Inc d/b/a Abaca, for $30 million. Founded in 2017, Abaca works with its FDIC-insured bank partners to enable traditional banking services for operators ranging from...

Abaca and Pacific Valley Bank (OTCPK:PVBK), are partnering to expand access to cannabis banking in the California market. The partnership, Abaca x PVB, provides a single point of access for deposit bank accounts, electronic payment services and cash management options for licensed cannabis...

Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry. The company's growth is fueled by aligning its bank-backed financial technology offering with the needs of cannabis business operators, enabling...

Image by David Gabric from Unsplash The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Data from FinCEN’s quarterly marijuana banking updates, has shown that only 684 banks and credit...