SHF Holdings Inc., dba Safe Harbor Financial (Nasdaq: SHFS), a Golden-based fintech provider of financing to the regulated cannabis industry, has formed a strategic partnership with FundCanna, a provider of capital solutions for cannabis operators.
Under a mutual referral agreement, both companies will work together to provide accessible funding and compliant banking services to cannabis-related businesses across the United States. This partnership allows FundCanna to introduce clients to Safe Harbor, while Safe Harbor will connect qualified clients to FundCanna for financing solutions.
All FundCanna-approved clients referred by Safe Harbor will have their loan proceeds deposited directly into Safe Harbor-managed bank accounts, ensuring full regulatory compliance and transparency.
“As the cannabis industry continues to face limitations from traditional financial institutions, this partnership delivers a practical, scalable solution that puts the financial needs of cannabis operators first,” said Terry Mendez, CEO of Safe Harbor Financial. “By onboarding FundCanna into our Safe Harbor Lends ecosystem, we’re able to enhance our ability to connect our clients to the capital they need—empowering them to grow their businesses, manage cash flow and pursue new opportunities in an industry still largely underserved.”
This partnership is timely for cannabis operators, many of whom are facing financial challenges due to regulatory hurdles and limited access to traditional capital. Together, FundCanna and Safe Harbor aim to provide a comprehensive solution for financing and banking needs in the cannabis sector.
