Safe Harbor Financial Originates $1.07 Million Secured Credit Facility for Missouri Cannabis Operator

GOLDEN, Colo., Oct. 29, 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 that it has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, the first tranche of a $5 million commitment to refinance existing senior debt. The loan further solidifies Safe Harbor's position as a key partner for cannabis operators seeking competitive financial solutions in the rapidly evolving cannabis financial sector.

The facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility in Missouri. The refinancing reduces the operator's borrowing costs and will enable them to optimize their operations within the state's growing cannabis market.

"Our competitively-priced financing solutions provide cannabis operators, who are often underserved by traditional banking institutions, with the means to achieve their business goals," said John Foley, Senior Vice President of Commercial Lending at Safe Harbor. "Our ability to offer competitive rates and tailored lending solutions is a key differentiator for Safe Harbor, and this transaction highlights our commitment to fostering growth in the cannabis sector by providing access to bank-quality financial services. We are building on our credibility and ...