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Safe Harbor Financial to Report Full Year 2023 Financial Results on Monday, April 1, 2024

Retrieved on:

Monday, March 25, 2024

GOLDEN, Colo., March 25, 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 to the regulated cannabis industry, today announced that it will report financial results for the full year 2023 ended December 31, 2023 on Monday, April 1, 2024 after the close of the market.

Key Points:

GOLDEN, Colo., March 25, 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 to the regulated cannabis industry, today announced that it will report financial results for the full year 2023 ended December 31, 2023 on Monday, April 1, 2024 after the close of the market.
Chief Executive Officer, Sundie Seefried, and Chief Financial Officer, Jim Dennedy, will host a conference call and webcast at 4:30 pm ET / 1:30 pm PT on April 1, 2024 to discuss the Company's financial results and provide investors with key business highlights.
For those interested in listening in to the conference call, please dial in and ask to join the Safe Harbor Financial call.

Safe Harbor Financial Originates $4.6 Million Secured Credit Facility for Michigan Cannabis Operator

Retrieved on:

Tuesday, March 12, 2024

SHF, Great, Acquisition, Growth, Safe harbor, Bank

GOLDEN, Colo., March 12, 2024 (GLOBE NEWSWIRE) -- 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 $4.6 million credit facility for a Michigan cannabis operator secured by a four-dispensary real estate portfolio.

Key Points:

GOLDEN, Colo., March 12, 2024 (GLOBE NEWSWIRE) -- 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 $4.6 million credit facility for a Michigan cannabis operator secured by a four-dispensary real estate portfolio.
Structured with a market-leading rate and terms, the credit facility will allow the vertically integrated operator to expand its cultivation and retail operations in the Great Lake State.
“Our ability to support emerging cannabis operators across the country with competitive rates and structures demonstrates the significant role Safe Harbor continues to play in supporting the unique and evolving financial needs of cannabis operators,” said Safe Harbor Financial Chief Operating Officer and Executive Vice President, Dan Roda .
“In just over a year, we have increased our loan book from just under $20 million to over $60 million, successfully creating a powerful new customer acquisition tool and revenue channel for Safe Harbor.

Pending Governor's Action, West Virginia Bill Would Allow Vaccine Choice for Select Students, More Closely Align WV with 45 Other States

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Thursday, March 14, 2024

Health, WVHF, Speech, Growth, Physician, Patient, Religion, Public, Delegate, Coercion, First, House, SHF, Vaccination, Constitutional right, Multimedia, Privacy, Senate, Legislation

CHARLESTON, W.Va., March 14, 2024 /PRNewswire-PRWeb/ -- A bill seeking to exempt virtual public school students in West Virginia from vaccine mandates and allowing private/parochial schools to set their own policies has successfully navigated both chambers and currently awaits the Governor's signature. HB 5105 as passed by the House of Delegates in a 70-29 vote, originally featured an amendment introducing a religious exemption for all public and private school students. This amendment was removed during the Senate Health Committee's deliberations and a simplified version of the bill secured Senate approval with a vote of 20 to 12 on Saturday, March 8.

Key Points:

West Virginia's HB 5105 does not provide a religious exemption but will more closely align WV with the majority of states.
Forty-five other states offer religious and/or philosophical exemptions to vaccine mandates and 44 states allow physicians to exempt children for medical reasons.
West Virginia sits at the bottom of all states in its vaccine exemption rate; only New York has a comparably low rate.
Despite having the most stringent vaccine laws in the nation, West Virginia health statistics for children are among the worst.

Safe Harbor Financial to Present at the Banking Virtual Investor Conference March 14th

Retrieved on:

Monday, March 11, 2024

Construction, Conference, SHF

GOLDEN, Colo., March 11, 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 to the regulated cannabis industry, announced that Sundie Seefried, CEO of Safe Harbor Financial will present live at the Banking Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 14th, 2024.

Key Points:

GOLDEN, Colo., March 11, 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 to the regulated cannabis industry, announced that Sundie Seefried, CEO of Safe Harbor Financial will present live at the Banking Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 14th, 2024.
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time.
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
Safe Harbor Financial Originates First Lien Secured Loan for Major, MSO-Operated Cultivation Facility in Denver, Colorado
Safe Harbor Financial Originates $1.17 Million First Lien Secured Loan for Real Estate Acquisition and Construction for Bridgeport, CT Property

Visa and the GSMA Mobile for Development Foundation Launch Digital Finance for All Initiative

Retrieved on:

Monday, February 26, 2024

Today, Visa (NYSE: V), a leading global payments technology company, and the GSMA Mobile for Development Foundation (GSMA Foundation) announced the launch of the Digital Finance for All (DFA) Initiative, furthering Visa’s decades-long efforts to increase access to the global economy for everyone, everywhere.

Key Points:

Today, Visa (NYSE: V), a leading global payments technology company, and the GSMA Mobile for Development Foundation (GSMA Foundation) announced the launch of the Digital Finance for All (DFA) Initiative, furthering Visa’s decades-long efforts to increase access to the global economy for everyone, everywhere.
While digital payments use by adults in low- and middle-income countries is up 66% from 20141, women, SHFs, NMSE owners and globally displaced individuals continue to face barriers accessing the digital economy.
“At Visa, we believe that digital payments are critical to including everyone in the digital economy by helping provide access to economic livelihood,” said Chiagozie Nwabuebo, Vice President of Global Growth & Social Impact, Visa.
“Mobile money can play a transformative role in advancing financial inclusion and resilience for the nearly 2 billion people who remain unbanked globally.

Safe Harbor Financial Originates $9 Million First Lien Secured Loan for Major, MSO-Operated Cultivation Facility in Denver, Colorado

Retrieved on:

Thursday, January 4, 2024

Safe harbor, Growth, SHF, Bank

GOLDEN, Colo., Jan. 04, 2024 (GLOBE NEWSWIRE) -- 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.

Key Points:

GOLDEN, Colo., Jan. 04, 2024 (GLOBE NEWSWIRE) -- 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.”

Safe Harbor Financial Originates $1.17 Million First Lien Secured Loan for Real Estate Acquisition and Construction for Bridgeport, CT Property

Retrieved on:

Wednesday, December 13, 2023

Acquisition, Safe harbor, SHF, Drug

GOLDEN, Colo., Dec. 13, 2023 (GLOBE NEWSWIRE) -- 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 $1.17 million loan for the acquisition and construction of a new adult-use cannabis retail store in Bridgeport, Connecticut. The store will be operating under the Higher Collective brand, a Connecticut-based social equity joint venture, whose mission is to create an inclusive and equitable cannabis industry.

Key Points:

Safe Harbor, together with its partner financial institutions, funded $1.17 million in new debt at market-competitive terms that include a flexible structure that allows interest-only payments during the construction period.
The debt is secured by a first lien on the property in Bridgeport, with the loan proceeds being used to renovate and modernize the property for use as an adult-use cannabis retail store.
Higher Collective currently has four other adult-use cannabis retail stores across Connecticut, including Hartford, Killingly, Willington, and New London.
Safe Harbor’s ability to offer a flexible loan at a very competitive rate is key to supporting our operational and financial success as we expand.

Global Super High Frequency Communication Market Analysis Report 2023-2030 - Market Poised for Significant Growth with Promising CAGR of 16.5% by 2030

Retrieved on:

Thursday, December 21, 2023

SATCOM, Government, Telecommunications, Unmanned aerial vehicle, High-pass filter, HD, LEO, USD, Weather, Saint-Gobain, Investment, Growth, Radio, Radar, Hertz, SHF, Communication, Communications satellite

The global super high frequency communication market size is expected to reach USD 7.13 billion by 2030, registering a CAGR of 16.5% from 2023 to 2030.

Key Points:

The global super high frequency communication market size is expected to reach USD 7.13 billion by 2030, registering a CAGR of 16.5% from 2023 to 2030.
Thus, the growing demand for next-generation communication technologies is anticipated to boost demand for super high frequency (SHF) communication systems.
The adoption of super high frequency communication systems in a satellite enables high data transfer rates, greater security, small antennas, and narrow beams.
The high market share is attributable to the significant offering of the communication systems, supporting a frequency range between 10 GHz to 20 GHz.

Safe Harbor Originates $3 Million First Lien Secured Loan for Multi-tenant Cannabis Industrial Building in California

Retrieved on:

Thursday, November 16, 2023

Growth, SHF, Drug

GOLDEN, Colo., Nov. 16, 2023 (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 to the regulated cannabis industry, today announced that it has facilitated the funding of a $3 million loan for a multi-tenant cannabis industrial building in California.

Key Points:

GOLDEN, Colo., Nov. 16, 2023 (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 to the regulated cannabis industry, today announced that it has facilitated the funding of a $3 million loan for a multi-tenant cannabis industrial building in California.
Dan Roda, Executive Vice President & Chief Operating Officer of Safe Harbor Financial commented, "We continue to see strong demand from across the cannabis industry for loans with competitive rates to support long-term growth.
Our unique ability to service these businesses with market-competitive credit not only enhances Safe Harbor’s position as a leading credit originator to the cannabis industry, it also demonstrates the scale of our powerful fintech platform.
We look forward to capitalizing on additional opportunities to achieve outsized risk-adjusted returns within the cannabis commercial real estate sector.”

Harbour Group Partners with Texcel

Retrieved on:

Tuesday, December 5, 2023

Uncountable set, Blue Harbour Group, Investment, Ducharme, Culture, Harbour Group, Partnership, Harbor, Growth, SHF

ST. LOUIS, Dec. 5, 2023 /PRNewswire/ -- The business of Trelltex, Inc., which does business as Texcel, has joined the Harbour Group family of companies, Jeff Fox, Harbour Group's chairman and chief executive officer, announced today.

Key Points:

ST. LOUIS, Dec. 5, 2023 /PRNewswire/ -- The business of Trelltex, Inc., which does business as Texcel, has joined the Harbour Group family of companies, Jeff Fox, Harbour Group's chairman and chief executive officer, announced today.
Texcel will operate alongside Harbour's other specialty-flow component businesses, Stainless Hose Fittings (SHF), Omega One, and AMFM.
Texcel is a leading branded supplier of premium quality industrial hoses, fluid sealing and hydraulic products, as well as services.
"I am very impressed by the entire team at Texcel and look forward to working closely with them as we grow our business."