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$25 Billion And Counting: Safe Harbor Financial's Decade Of Keeping Cannabis Industry In The Green As Banks Remain Banned From Touching Marijuana Money
Thursday, January 16, 2025 - 5:42pm | 493Safe Harbor Financial (NASDAQ:SHFS), which provides secure and compliant financial services for the regulated cannabis industry, announced it had surpassed $25 billion in processed cannabis-related funds through its network of partner banks. This milestone aligns with the company’s 10th...
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Safe Harbor Financial's $3.3M Comeback: Turning Losses Into Profit Despite Revenue Drop
Tuesday, November 12, 2024 - 9:16pm | 407Safe 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....
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Cannabis Lender Safe Harbor Q2: Net Income Hits $0.9M Amid Cost Cuts, Adjusted EBITDA Up 14.5%
Thursday, August 15, 2024 - 8:49am | 671SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, a provider of financial services and credit solutions for the cannabis industry, announced its financial results Wednesday for the second quarter and six months ended June 30, 2024. Q2 2024 Financial Highlights Revenue was...
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Inside Benzinga Cannabis Capital Conference: Meet The Industry Leaders
Tuesday, August 13, 2024 - 8:50am | 1610The Benzinga Cannabis Capital Conference, scheduled for October in Chicago, is set to be a standout event in the cannabis industry calendar. This conference will feature an impressive roster of industry leaders and innovators, each bringing their own perspective to the forefront of cannabis...
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Cannabis Companies About To Release Earnings Reports, Get Your News Here: Glass House, Schwazze And More
Wednesday, July 31, 2024 - 12:40pm | 1119With the main financial reporting season taking place in August, let's scroll through the latest updates on the cannabis earnings calendar. To learn more about cannabis stocks, come, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now...
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Minority Cannabis Entrepreneurs Gain New Financial Backing, Thanks To This Partnership
Thursday, July 25, 2024 - 6:00am | 590SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ:SHFS) — a facilitator of financial services and credit solutions for the cannabis industry, has partnered with BIPOCann, a Denver-based consulting firm dedicated to aiding social equity and minority entrepreneurs in the cannabis...
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EXCLUSIVE: Colorado Cannabis Gets A Boost As 3 Operators Land $550K In Credit Lines
Wednesday, June 5, 2024 - 6:00am | 579SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ:SHFS) — a facilitator of financial services and credit solutions for the cannabis industry — confirmed the formal launch of its new small business line of credit program to long-standing clients on Wednesday. What Happened:...
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Safe Harbor Financial's 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling
Monday, May 13, 2024 - 7:35pm | 448Safe Harbor Financial Services, Inc. (NASDAQ: SHFS) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period last year. CEO Sundie Seefried noted the company...
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Financial Service Provider In Cannabis Reports 4Q & 2023 Results: Annual Revenue Up By 85.3%
Monday, April 1, 2024 - 9:35pm | 504Safe Harbor Financial (NASDAQ: SHFS), a leading facilitator of financial services to the regulated cannabis industry, reported its financial results late Monday for the fourth quarter and full year concluded on December 31, 2023. Safe Harbor reported record annual revenue surging by 85.3% to $...
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Safe Harbor Financial: Revenue Soars 82.11%, Processed $1B In Cannabis-Related Funds This Year
Tuesday, November 14, 2023 - 6:36pm | 475SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS), a leading provider of financial services to the cannabis industry, reported robust financial and operational performance for the three- and nine-month period ended September 30, 2023. Q3 2023 Financial Results For the quarter...
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Small Banks And Credit Unions: From The American Dream To Cannabis Catalysts
Friday, October 20, 2023 - 11:38am | 466At the recent Benzinga Cannabis Capital Conference in Chicago, experts explored the role of small banks and credit unions in the cannabis industry. With regulatory challenges and evolving services, these institutions are vital for the sector's growth. What drives these smaller players into...
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Safe Harbor Launches New Line Of Credit Products For Cannabis Businesses
Tuesday, September 19, 2023 - 9:18am | 610SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), a facilitator of financial services and credit solutions for the cannabis industry is launching a new portfolio of line of credit products available to cannabis businesses nationwide. The company’s new...
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Surging 147%, Safe Harbor Financial Reports Q2 2023 Revenue $4.6M, Total Deposits Reach $1.1B
Monday, August 14, 2023 - 7:19pm | 413Safe Harbor Financial (NASDAQ: SHFS), a facilitator of financial services and credit solutions for the cannabis industry, release its financial results Monday for the quarter ending June 30, 2023 (Q2 2023). Safe Harbor's Q2 2023 Revenue And Operational Highlights Safe Harbor...
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Safe Harbor Financial Originates Three New Loans To Cannabis Multi-State Operator
Thursday, July 27, 2023 - 10:06am | 460SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS) has increased its lending and deposit relationship with a multi-state operator by originating three new loans for affiliates of the MSO in the aggregate amount of $4.3 million. The loans were secured by retail assets in three...
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Safe Harbor Financial Expands Lending And Deposit Relationship With Cannabis Multi-State Operator
Thursday, June 22, 2023 - 9:19am | 407SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS) has expanded its lending and deposit relationship with a multistate operator through the origination of an additional first lien-secured loan in the approximate amount of $2.9 million on a cultivation facility located in a limited...