SHF Holdings ( (SHFS) ) has provided an update.
On March 13, 2025, SHF Holdings held a special meeting where CEO Terrance Mendez outlined the company’s strategic vision. Safe Harbor plans to expand its services beyond compliance solutions to include a broader array of products aimed at supporting cannabis businesses. The company aims to capitalize on the projected growth of the US cannabis industry, which is expected to exceed $76 billion by 2030. Recent financial adjustments, including modifying debt terms and reducing costs, are intended to fund product innovation and enhance market positioning. Safe Harbor is focusing on four product categories—Protects, Lends, Enables, and Connects—to improve the cannabis business ecosystem, with plans to offer banking services to cannabis employees and develop an earned wage access program.
More about SHF Holdings
SHF Holdings, Inc., operating as Safe Harbor, is a company focused on providing compliant banking solutions to the cannabis industry. Based in Colorado, Safe Harbor has been a pioneer in addressing the banking challenges faced by cannabis-related businesses, expanding its services to include loan origination and participation. The company operates in 41 states and territories, leveraging a compliance-first model to support the integrity of cannabis businesses’ access to the US banking system.
YTD Price Performance: -34.29%
Average Trading Volume: 191,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.91M
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