GOLDEN, Colo., Sept. 14, 2023 (Globe NEWSWIRE) — SHF Holdings, Inc., d/b/a/ Risk-free Harbor Fiscal (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating fiscal expert services and credit rating services to the regulated hashish sector, nowadays introduced that it has originated a $3 million mortgage for a Washington-primarily based natural, THC-infused beverage enterprise to assist its expansion into the California sector.
Dan Roda, Government Vice President & Main Working Officer of Safe Harbor Financial commented, “This credit history facility, secured by a to start with lien on the beverage company’s condition-of-the-art bottling plant in Washington, demonstrates Secure Harbor’s significant function in supporting the expansion of foremost hashish operators and manufacturers across the place. These companies are continuing to practical experience sturdy expansion as demand for ground breaking hashish products and solutions, specially as need within novel categories this kind of as infused food stuff and beverage, carries on to expand. At Risk-free Harbor, we get satisfaction in our skill to facilitate this progress, and, armed with our marketplace-major suite of credit history products and solutions, we are uniquely situated to guidance it.”
About Secure Harbor
Secure Harbor is among the initially service vendors to present compliance, checking and validation solutions to money establishments, supplying conventional banking services to hashish, hemp, CBD, and ancillary operators, making communities safer, driving expansion in regional economies, and fostering lengthy-term partnerships. At the moment taking care of extra than 1000 cannabis-similar associations, Safe Harbor, by way of its financial establishment consumers, implements substantial requirements of accountability, transparency, checking, reporting and danger mitigation actions even though conference Bank Secrecy Act obligations in line with FinCEN steering on hashish-connected organizations. Around the previous 8 many years, Risk-free Harbor has facilitated more than $18 billion in deposit transactions for firms with operations spanning above 40 states and US territories with regulated hashish markets. For extra info, visit www.shfinancial.org.
Cautionary Statement About Forward-Searching Statements
Sure statements contained in this push launch constitute “forward-on the lookout statements” in the that means of federal securities legislation. Forward-hunting statements may well include things like, but are not confined to, statements with regard to tendencies in the cannabis industry, like proposed modifications in U.S and state rules, rules, laws and advice relating to Harmless Harbor’s expert services Protected Harbor’s growth prospective buyers and Safe Harbor’s marketplace dimension Secure Harbor’s projected monetary and operational efficiency, which includes relative to its rivals Protected Harbor’s capability to originate and support the referenced supplemental financial loans whether or not related financial loans, or loans at related charges would be made available in the foreseeable future new product and service offerings Protected Harbor may possibly introduce in the potential the effects of current volatility in the capital markets, which might adversely influence the price of the Firm’s securities the consequence of any authorized proceedings that could be instituted in opposition to Secure Harbor other statements about Secure Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the long run and the other risk aspects discussed in Safe and sound Harbor’s filings from time to time with the Securities and Trade Fee. In addition, any statements that refer to projections, forecasts or other characterizations of potential occasions or circumstances, together with any underlying assumptions, are ahead-on the lookout statements. The words “anticipate,” “feel,” “go on,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may well,” “may well,” “plan,” “feasible,” “likely,” “predict,” “challenge,” “should,” “would,” and related expressions may possibly recognize ahead-seeking statements, but the absence of these terms does not indicate that a assertion is not ahead-seeking. Ahead-seeking statements are predictions, projections and other statements about future events that are centered on present-day anticipations and assumptions and, as a result, are topic, are subject matter to threats and uncertainties. These ahead-searching statements include a range of challenges and uncertainties (some of which are beyond the regulate of Risk-free Harbor), and other assumptions, that may perhaps trigger the true benefits or performance to be materially various from all those expressed or implied by these ahead-searching statements.
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|Safe Harbor Investor Relations
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