SHF announced that its newly appointed CEO, Terry Mendez, issued the following letter to Safe Harbor Financial shareholders: “I am honored to address you as the newly appointed Chief Executive Officer of SHF Holdings (SHFS)… I believe that Safe Harbor has a tremendous opportunity to further monetize its position as a Fintech leader providing financial services and credit facilities to the regulated cannabis industry, by potentially offering a broad array of services that address needs beyond bank services… At Safe Harbor, the trust of our financial institution customers and our CRB clients is our most prized asset. Our market leadership is backed by a significant achievement: Surpassing $25 billion in processed cannabis-related funds through our trusted network of partner banks…. As promised, Safe Harbor successfully negotiated a highly favorable debt modification with Partner Colorado Credit Union… My long-term vision is clear: Safe Harbor will transform from a specialized banking services provider into a multi-faceted FinTech.By leveraging our trusted industry relationships, deep regulatory expertise and by making innovative technology investments, we expect to create greater value for our CRB clients, attract additional partner financial institutions and unlock new growth opportunities for our shareholders.”
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Read More on SHFS:
- SHF Holdings Secures Debt Modification for Financial Flexibility
- Safe Harbor originates $1.5M secured credit facility for Missouri operator
- Safe Harbor announces temporary pause in payments, discussions with PCCU
- SHF Holdings Announces Leadership Transition and Strategic Shift
- SHF Holdings commences CEO succession strategic planning initiative
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