GOLDEN, Colo., Sept. 04, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced extensions to the contracts of three key executives and a restructuring of their compensation packages. The restructured agreements include Sundie Seefried, President / CEO, extended for one year through September 2025; Dan Roda, extended through June 30, 2025; and Tyler Beuerlein, whose term remains unchanged, continuing through February 2025. Beuerlein serves as the company's Chief Strategic Business Development Officer; Roda
--Net Income increased to $0.9 million in the second quarter of 2024 --Loan Interest Income increased 203.6% year-over-year --Excluding impairment expense in 2023, Operating Expenses decreased 34.5% versus 2023 --Cash and cash equivalents increased 25% to $6.1 million GOLDEN, Colo., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Financial and Operational Summary Net Income increased to
Company to host conference call after the market closes at 4:30 p.m. ET on Wednesday, August 14th GOLDEN, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the second quarter of 2024 ended June 30, 2024 on Wednesday, August 14, 2024 after the close of the market. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on August 14, 2024 to discuss the
GOLDEN, Colo., July 25, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in providing banking, payments, and financial services to the regulated cannabis industry, announced a new partnership with BIPOCann, a Denver-based consulting firm dedicated to aiding social equity and minority entrepreneurs in the cannabis sector. Under this partnership, BIPOCann will offer its full suite of membership benefits, valued at $600, to all of Safe Harbor's existing social equity clients at no additional cost. Additionally, BIPOCann members will receive a 75% discount on application fees for financial services, complementin
GOLDEN, Colo., July 16, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating banking, payments and financial services to the regulated cannabis industry, announced that it has submitted comments to the Justice Department, following its recent proposed rule to reclassify cannabis from Schedule I to Schedule III of the Controlled Substances Act ("CSA"), consistent with the view of the Department of Health and Human Services ("HHS") that cannabis has a currently accepted medical use as well as HHS's views about marijuana's abuse potential and level of physical or psychological dependence. For
GOLDEN, Colo., July 09, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that it successfully exited a $3.1 million loan that was previously in default. In addition to the full repayment of the principal, Safe Harbor received $202,175 in accrued interest, all of which will be reallocated into its lending and credit line capacity. Dan Roda, Executive Vice President and Chief Operating Officer of Safe Harbor Financial, stated, "Safe Harbor has established a strong lending program that meets the financia
GOLDEN, Colo., June 20, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that management will participate in the 2024 Maxim Fintech Virtual Symposium being held on Tuesday, June 25th at 9:00 AM ET. Sundie Seefried, Chief Executive Officer of Safe Harbor Financial, and Jim Dennedy, Chief Financial Officer of Safe Harbor Financial, will participate in a fireside chat to discuss the evolving Fintech industry. The event will be broadcast live on M-Vest. To attend, sign up to become an M-Vest memb
GOLDEN, Colo., June 05, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today the formal launch of its new small business line of credit program with the origination of new loans to three Colorado-based operators which are long-standing clients of Safe Harbor. "We're pleased to be able to offer our longstanding clients access to lines of credit at reasonable terms, an opportunity that is often not readily available to cannabis businesses," said Sundie Seefried, Chief Executive Officer of Safe Harbor Fina
GOLDEN, Colo., May 30, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating banking, payments and financial services to the regulated cannabis industry, announced that Sundie Seefried, Chief Executive Officer of Safe Harbor will participate in a fireside chat with Michael Regan, Sell-Side Analyst at Excelsior Equities at the KCSA Cannabis Virtual Investor Conference hosted by VirtualInvestorConferences.com and co-sponsored by KCSA Strategic Communications, on June 5th. DATE: June 5th TIME: 2:30 pm EasternLINK: https://bit.ly/3QVIu08 If attendees are not able to join the event live on the day
--Net Income increased 245% year-over-year to approximately $2.0 million in the first quarter of 2024 --Adjusted EBITDA increased 165.3% to approximately $1.1 million(1) --Operating Expenses decreased 35.8% versus the same period in 2023 GOLDEN, Colo., May 13, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial & Operational Summary Net Income increased 245% to approximately $2.0 million, compared to a net
GOLDEN, Colo., April 15, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that its Board of Directors (the "Board") has appointed its Chief Executive Officer, Sundie Seefried, as a member of the Board. Ms. Seefried was appointed in order to fill the vacancy created by John Darwin's resignation as a member of the Board. Mr. Darwin's resignation was not in connection with any known disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Mr. Fred Nieh
GOLDEN, Colo., April 20, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it has appointed Douglas Fagan, President and CEO of Partner Colorado Credit Union ("PCCU"), to the Company's Board of Directors, effective immediately. Mr. Fagan replaces Joshua Mann, Co-CEO of Northern Lights Acquisition Corp. "As a representative of our long-standing operational partner and largest shareholder, Mr. Fagan will provide unique insights and invaluable guidance as a Director of the Company," said Sundie S
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8-K - SHF Holdings, Inc. (0001854963) (Filer)
8-K - SHF Holdings, Inc. (0001854963) (Filer)
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8-K - SHF Holdings, Inc. (0001854963) (Filer)
8-K - SHF Holdings, Inc. (0001854963) (Filer)
8-K - SHF Holdings, Inc. (0001854963) (Filer)
10-Q - SHF Holdings, Inc. (0001854963) (Filer)
DEFR14A - SHF Holdings, Inc. (0001854963) (Filer)
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--Net Income increased to $0.9 million in the second quarter of 2024 --Loan Interest Income increased 203.6% year-over-year --Excluding impairment expense in 2023, Operating Expenses decreased 34.5% versus 2023 --Cash and cash equivalents increased 25% to $6.1 million GOLDEN, Colo., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Financial and Operational Summary Net Income increased to
Company to host conference call after the market closes at 4:30 p.m. ET on Wednesday, August 14th GOLDEN, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the second quarter of 2024 ended June 30, 2024 on Wednesday, August 14, 2024 after the close of the market. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on August 14, 2024 to discuss the
--Net Income increased 245% year-over-year to approximately $2.0 million in the first quarter of 2024 --Adjusted EBITDA increased 165.3% to approximately $1.1 million(1) --Operating Expenses decreased 35.8% versus the same period in 2023 GOLDEN, Colo., May 13, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial & Operational Summary Net Income increased 245% to approximately $2.0 million, compared to a net
GOLDEN, Colo., May 06, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the first quarter of 2024 ended March 31, 2023 on Monday, May 13, 2024 after the close of the market. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on May 13, 2024 to discuss the Company's financial results and provide investors with key business highlights. For those interested in
--Record annual revenue increased 85.3% year-over-year to $17.6 million in 2023 --Loan Book Value increased 194.2% to $55.6 million in 2023, up from $18.9 million year-over-year --Has facilitated more than $21.5 billion in deposit activity across 41 states since inception GOLDEN, Colo., April 01, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its financial results for the fourth quarter and full year ended December 31, 2023. Full-Year 2023 Financial & Operational Highlights R
GOLDEN, Colo., March 25, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the full year 2023 ended December 31, 2023 on Monday, April 1, 2024 after the close of the market. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on April 1, 2024 to discuss the Company's financial results and provide investors with key business highlights. For those interested in lis
Revenue of $4.3 million for the third quarter; Nine-month revenue of $13.1 million Third consecutive quarter of more than $1.0 billion in processed deposits; Loan book value for the quarter increased 123% year-over-year to a record $42.2 million GOLDEN, Colo., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its three- and nine-month results for the period ended September 30, 2023 ("Q3 2023"). Q3 2023 Financial and Operational Highlights Revenue increased 82.11% to $4.3 million, compare
GOLDEN, Colo., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023 after the market closes. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on November 14, 2023 to discuss the Company's financial results and provide investors with key business highlights. For those int
Revenue of $4.6 million Second consecutive quarter of more than $1.1 billion in processed deposits; monthly average Balances on Deposit increased 60% versus the same period last year Closed over $15 million in cannabis commercial real estate loans during the quarter GOLDEN, Colo., Aug. 14, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its results for the quarter ended June 30, 2023 ("Q2 2023"). Q2 2023 Financial and Operational Highlights Revenue increased 147% to $4.6 million, compared to $1
GOLDEN, Colo., Aug. 08, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ:SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it will report financial results for the second quarter ended June 30, 2023 on Monday August 14, 2023 after the market closes. Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on August 14, 2023 to discuss the Company's financial results and provide investors with key business highlights. For those interested in listening i
SHF 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 sector. Under this partnership, BIPOCann will offer its full membership benefits, valued at $600, to all of Safe Harbor’s existing social equity clients at no additional cost. Additionally, BIPOCann members will receive a 75% discount on application fees for financial services, complementing Safe Harbor's existing social equity discount program. "For years, access to reliable banking services h
SHF Holdings, Inc., doing business as Safe Harbor Financial (NASDAQ:SHFS) — a facilitator of financial services and credit solutions for the cannabis industry, has successfully exited a $3.1 million loan that was previously in default. In addition to the full repayment of the principal, Safe Harbor received $202,175 in accrued interest, all of which will be reallocated into its lending and credit line capacity, Benzinga exclusively learned. "Safe Harbor has established a strong lending program that meets the financial requirements of our clients while generating appropriate risk-adjusted loan interest income for the business," stated Dan Roda, executive vice president and chief operati
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record. Pablo Zuanic, a senior equity analyst, noted in a recent report, "Of the six publicly listed cannabis capital providers, five are NASDAQ listed, being NLCP (OTC:NLCP) the exception. However, some may not currently provide the right comp due to poor liquidity, size, and relative newness." Performance And Valuation Comparison REFI trades at a 3% premium to its book value, reflecting strong investor confidence in its growth prospects. This stands in contrast to other cannabis
SHF 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: The program’s launch includes the origination of three new lines of credit totaling $550,000 for Colorado businesses. The company didn't disclose which three operators were first to obtain credit. "We're pleased to be able to offer our longstanding clients access to lines of credit at reasonable terms, an opportunity that is often not readily available to cannabis businesses," stated Sundie Seefried
As the 19th Benzinga Cannabis Capital Conference returns to Chicago (Oct. 8-9), gathering top CEOs, investors and leaders in the marijuana industry, let’s scroll through the latest leadership changes in the space. (Get your tickets now before the prices go up by following this link.) Slightly over a year following Gov. Dan McKee's decision to appoint three experts to the Cannabis Control Commission with a task to regulate, license and control the medical and recreational cannabis markets in Rhode Island, the agency is about to get a leader. One of Oklahoma's top cannabis regulators Michelle Reddish is nominated by Gov. McKee to become Rhode Island's first cannabis administrator. Red
Safe Harbor Financial Services Inc. (NASDAQ:SHFS) is making waves in the cannabis banking industry with its innovative approach to financial services. In a recent episode of Benzinga's Cannabis Insider podcast, Jim Dennedy, CFO, and Donnie Emmi, chief legal officer, shared insights on the company's impressive growth and future strategies. "Safe Harbor acts as a banking intermediary," explained Dennedy, detailing their cash management and reconciliation services. “We do the cash pickups and collections. We deposit that with the Fed. We do the reconciliation of those cash deposits with the Fed to certify that the funds all came from legally derived sources,” he elaborated. Their innovative
Safe 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’s strategic initiatives and diversified income base, particularly through its lending program. "We have nearly tripled our loan book year-over-year, driving a 251% increase in our loan income to $1.64 million," Seefried stated. Revenue And Gross Profit The company’s revenue for the quarter was approximately $4.1 million, slightly down from $4.2 million in the first quarter of 2023. Safe Harbor reco
SHF Hldgs (NASDAQ:SHFS) reported quarterly earnings of $0.04 per share. This is a 166.67 percent increase over losses of $(0.06) per share from the same period last year. The company reported $4.05 million in sales this quarter. This is a 3.09 percent decrease over sales of $4.18 million the same period last year.
The profound impact of rescheduling cannabis from Schedule I to Schedule III signifies a crucial shift in the perception of cannabis, recognizing its medical potential and solidifying its legitimacy in the financial realm.From a banking and lending perspective, we believe that the reclassification of cannabis will broaden lending opportunities for cannabis businesses, leading to access to lower interest rates, increased access to capital and improved financial stability across the industry. This newfound access to traditional financing channels has the potential to stimulate growth, innovation and compliance efforts within the industry, ultimately fostering economic development and job creat
SHF Hldgs (NASDAQ:SHFS) reported quarterly earnings of $0.10 per share. This is a 105.15 percent increase over losses of $(1.94) per share from the same period last year. The company reported $4.50 million in sales this quarter. This is a 25.00 percent increase over sales of $3.60 million the same period last year.