SHF Holdings Inc., dba Safe Harbor Financial (NASDAQ: SHFS), has named Michael (Mike) Regan as head of investor relations and data science. Regan brings extensive experience in investment analysis and product innovation to the role. In his new position, Regan will assist investors in understanding the company’s growth initiatives and lead the development of products…more
SHF Holdings Inc., dba Safe Harbor Financial (Nasdaq: SHFS), has successfully modified its debt agreement with Partner Colorado Credit Union. The new agreement includes a two-year interest-only period, extending to February and March 2025, which was previously granted. This modification is expected to free up over $6 million in cash otherwise allocated to principal amortization…more
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…more
SHF Holdings Inc., dba Safe Harbor Financial (Nasdaq: SHFS), a Golden-based provider of financial services for the regulated cannabis industry, has entered into a Letter Agreement with Partner Colorado Credit Union (“PCCU”) regarding its Senior Secured Promissory Note. PCCU has agreed to temporarily pause receipt of principal payments due in February and March 2025, while…more
SHF Holdings, Inc., dba Safe Harbor Financial (NASDAQ: SHFS), a Golden-based fintech provider of financial services and credit facilities to the regulated cannabis industry, announced today that its current CEO, Sundie Seefried, plans to retire in 30 days. Karl A. Racine, chair of Safe Harbor’s Nominating and Governance Committee, has been overseeing due diligence activities…more
SHF Holdings Inc., dba Safe Harbor Financial (NASDAQ: SHFS), has surpassed $25 billion in processed cannabis-related funds through its network of partner banks. This achievement coincides with the Golden company’s 10th anniversary, highlighting its role in providing reliable financial services within the regulated cannabis industry. Sundie Seefried, CEO of Safe Harbor Financial said, “Our founding…more
SHF Holdings Inc., dba Safe Harbor Financial (NASDAQ: SHFS), has extended and modified its commercial alliance agreement with Partner Colorado Credit Union (“PCCU”) for four years. The modification eliminates the $1.2 million indemnity liability reported on the balance sheet as of Sept. 30, 2024, effective Jan. 1, 2025. Additionally, Golden-based Safe Harbor will no longer…more
Colorado Gives Day, held on Dec. 10, raised $54.6 million, marking one of the largest giving events in the nation, with 4,533 participating nonprofits. The event, hosted by Arvada-based Colorado Gives Foundation on the platform ColoradoGivesDay.org, raised nearly half a million dollars more than the previous year. “With 94,712 people making a donation, it’s incredible…more
Golden-based SHF Holdings Inc., doing business as Safe Harbor Financial (NASDAQ: SHFS), closed a $500,000 loan to PI 51st Avenue LLC, a subsidiary of Pioneer Interests Inc., dba Natty Rems LLC. This loan is part of the Cannabis Resource Optimization Program (CROP) and is facilitated through partnerships with the Collective Clean Energy Fund (CCEF) and…more
According to the latest data from the Federal Deposit Insurance Corp., FirstBank once again tops the ranking of bank institutions based in Jefferson County with total assets of $28.1 billion in 2023. While the Lakewood bank saw assets increase 1.2% from $27.8 billion in 2022, it also saw deposits drop 7.4% from $106.2 billion to…more
FirstBank, a privately held bank based in Lakewood, is now Colorado’s second-largest bank by deposits, according to a recent FDIC report. FirstBank recently announced its third-quarter results for 2024. As of September, the bank reported the following quarter-over-quarter results: Net income through the third quarter of 2024 increased to $157.7 million, while total deposits decreased…more