Safe Harbor Financial Closes $1.5M Credit Facility for Missouri Cannabis Operator
SHF Holdings, Inc., dba Safe Harbor Financial (NASDAQ: SHFS), closed a $1.5 million secured credit facility for a Missouri-based cannabis operator. This transaction marks the second tranche of a $5 million loan funding package aimed at refinancing expensive senior debt across four retail dispensaries in Missouri. An initial tranche of $1.07 million was originated on Oct. 29, 2024.
Terry Mendez, co-CEO of Safe Harbor Financial said: “This latest financing demonstrates Safe Harbor’s commitment to offering competitive market pricing and tailored financial solutions that support the long-term stability of cannabis operators.”
Golden-based Safe Harbor Financial aims to expand access to capital for cannabis businesses, an industry that has historically faced significant banking and lending challenges.
