Safe Harbor Financial Originates $9 Million First Lien Secured Loan for Major, MSO-Operated Cultivation Facility in Denver, Colorado
04 Janvier 2024 - 1:30PM
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 today that it originated a
$9 million loan to fund the refinancing of a major Colorado
cultivation facility in Denver, Colorado.
The $9 million loan, which will refinance
existing debt, is being funded by Safe Harbor and its partner
financial institutions at market-competitive rates and terms for
permanent financing.
Dan Roda, Executive Vice President & Chief
Operating Officer at Safe Harbor, stated, “This new, sizable loan
speaks directly to Safe Harbor’s increasing loan placement activity
and the role the Company continues to play in supporting the growth
of leading cannabis MSOs around the country. As we further build
our loan book by originating and participating in today’s
market-leading deals and opportunities, this growing revenue
channel, composed of origination fees and interest income,
continues to drive a new level of financial growth for Safe
Harbor.”
About Safe HarborSafe 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 fostering long-term partnerships. Currently managing
approximately 1,000 cannabis-related relationships, Safe Harbor,
through its financial institution clients, implements high
standards of accountability, transparency, monitoring, reporting
and risk mitigation measures while meeting Bank Secrecy Act
obligations in line with FinCEN guidance on cannabis-related
businesses. Over the past eight years, Safe Harbor has facilitated
more than $20 billion in deposit transactions for businesses with
operations spanning over 40 states and US 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 federal securities laws. Forward-looking statements may include,
but are not limited to, statements with respect to trends in the
cannabis industry, including proposed changes in U.S. and state
laws, rules, regulations and guidance relating to Safe Harbor's
services; Safe Harbor's growth prospects and Safe Harbor's market
size; Safe Harbor's projected financial and operational
performance, including relative to its competitors and loan
performance; new product and service offerings 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 instituted against Safe Harbor; other statements
regarding 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
Securities and Exchange Commission. In addition, 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,"
"intends," "outlook," "may," "might," "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, are subject to risks and uncertainties. These
forward-looking statements involve a number of risks and
uncertainties (some of which are beyond the control of Safe
Harbor), and other assumptions, that may cause the actual results
or performance to be materially different from those expressed or
implied by these forward-looking statements.
Contact Information
Safe Harbor MediaNick Callaio, Marketing
Manager720.951.0619Nick@SHFinancial.org
Safe Harbor Investor Relationsir@SHFinancial.org
KCSA Strategic CommunicationsPhil Carlsonsafeharbor@kcsa.com
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