Safe Harbor Financial Announces New Line for Small Businesses

GOLDEN, Colo., June 5, 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 for the regulated cannabis industry, today announced the formal launch of its new small business line of credit with the issuance of new loans to three Colorado-based operators who are long-standing customers of Safe Haven.

“We are pleased to offer our existing customers access to lines of credit on reasonable terms, an option that is often not readily available to cannabis businesses,” said Sundie Seefried, Chief Executive Officer of Safe Harbor Financial. “Over the past two years, we have recognized an increasing demand from small and mid-sized cannabis businesses, as they have been largely ignored by traditional financial institutions – even those currently lending to larger cannabis companies. The launch of our Small Business Line of Credit Program underscores our commitment to supporting the capital needs of the entire cannabis ecosystem and further expands the offerings available on our lending platform.”

The three new lines of credit were issued at normalized, non-predatory rates, without real estate collateral, instead utilizing a flexible set of underwriting standards – a key differentiator from many other available sources of cannabis industry financing. All three Colorado operators receiving funding are current Safe Harbor customers.

About Safe Haven

Safe Harbor is one of the first providers to offer compliance, monitoring and validation services to financial institutions, and provides traditional banking services to cannabis, hemp, CBD and supporting operators, making communities safer, fueling growth in local economies and extending the long term is promoted. partnerships. Safe Harbor, through its financial institution customers, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in accordance with FinCEN Guidelines for Cannabis-Related Businesses. Over the past nine years, Safe Harbor has facilitated more than $21 billion in deposit transactions for companies with operations in more than 41 states and U.S. territories with regulated cannabis markets. For more information, visit www.shfinancial.org.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may include, but are not limited to, statements regarding trends in the cannabis industry, including proposed changes in U.S. and state laws, rules, regulations and guidelines relating to Safe Harbor’s services; Safe Harbor’s growth prospects and market size; Safe Harbor’s expected financial and operating performance, including relative to competitors and loan performance; new products and services that 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 brought against Safe Harbor; other statements about Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future; and the other risk factors discussed from time to time in the SEC safe harbor filings. In addition, all 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’, ‘may’, ‘estimate’, ‘expect’, ‘intend’, ‘outlook’, ‘may’, ‘perhaps’, ‘plan’, ‘possible’ ‘ ‘Potential’, ‘predict’, ‘project’, ‘should’, ‘could’ and similar expressions can 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 to risks and uncertainties. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond Safe Harbor’s control) and other assumptions that could cause actual results or performance to differ materially from those expressed in these forward-looking statements or implied. looking statements. These and other risks are discussed in detail in Safe Harbor’s periodic reports with the SEC, and investors are urged to review these periodic reports and Safe Harbor’s other filings with the SEC, which are accessible on the SEC’s website at www.sec. government, before making an investment decision. Safe Harbor assumes no obligation to update its forward-looking statements, except as required by law.

Contact details

Safe Harbor Media
Nick Callaio, Marketing Manager
720.951.0619
[email protected]

Safe Harbor Investor Relations
[email protected]

KCSA Strategic Communications
Phil Carlson
[email protected]