Safe Harbor Originates $3 Million First Lien Secured Loan for Multi-tenant Cannabis Industrial Building in California
16 Noviembre 2023 - 6:30AM
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
facilitated the funding of a $3 million loan for a multi-tenant
cannabis industrial building in California.
Dan Roda, Executive Vice President & Chief Operating Officer
of Safe Harbor Financial commented, "We continue to see strong
demand from across the cannabis industry for loans with competitive
rates to support long-term growth. Our unique ability to service
these businesses with market-competitive credit not only enhances
Safe Harbor’s position as a leading credit originator to the
cannabis industry, it also demonstrates the scale of our powerful
fintech platform. We look forward to capitalizing on additional
opportunities to achieve outsized risk-adjusted returns within the
cannabis commercial real estate sector.”
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 1000 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 .
Cautionary Statement Regarding 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; 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; the outcome
of any legal proceedings that may be instituted against Safe Harbor
following the closing of the business combination; 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.
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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