GOLDEN, Colo., January 4, 2024 — 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.”
