SHF Holdings Inc

SHF Holdings Inc. engages in the provision of financial services focused on the cannabis industry. It provides access to banking and financing solutions for the cannabis industry. The company is headquartered in Arvada, CO.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SHF Holdings Inc (SHFS) reports stellar Q1 performance amidst regulatory uncertainties

SHF Holdings Inc (SHFS) demonstrated robust financial performance in Q1 2024, driven by strong loan income growth and cost management. While facing challenges from regulatory uncertainties and fee reductions, the company is well-positioned to capitalize on opportunities in the cannabis lending market and strategic acquisitions.

Safe Harbor Financial reports Q2 success amidst revenue challenges

Safe Harbor Financial demonstrated resilience with positive net income and strong loan interest income growth in Q2 2024.
While facing revenue challenges and regulatory uncertainties, the company maintains a solid liquidity position and growth outlook for the year.
Strategies to capitalize on industry opportunities and navigate challenges will be crucial for Safe Harbor's sustained success in the cannabis financial services sector.

SHF Holdings Inc (SHFS) reports resilient Q3 earnings amidst industry challenges

SHF Holdings Inc (SHFS) showcased strong financial performance in Q3 2024, with notable increases in net income and prudent cost management. Despite revenue challenges, the company demonstrated resilience and strategic initiatives for growth.
Operational strengths, including decreased operating expenses and strategic partnerships, position SHFS for potential market expansion and sustainability. While facing revenue declines and industry uncertainties, SHFS remains focused on growth opportunities and financial stability.
The company's financial results, partnerships, and market strategies reflect a balanced approach to navigating challenges and leveraging opportunities in the evolving cannabis industry. SHFS's commitment to financial support and social equity initiatives underscores its long-term vision for sustainable growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SHF Holdings, Inc. engages in the provision of financial services focused on the cannabis industry. It provides access to banking and financing solutions for the cannabis industry. The company was founded in February 2021 and is headquartered in Golden, CO.

Innovative Loan Partnership Drives Energy Savings and Sustainable Operations in Colorado's Cannabis Sector Innovative Loan Partnership Drives Energy Savings and Sustainable Operations in Colorado's Cannabis Sector

Safe Harbor Financial, Collective Clean Energy Fund and Partner Colorado Credit Union Collaborate to Fund $500,000 Sustainable Upgrade Loan for Denver Cannabis Facility

SHF Holdings, Inc. (NASDAQ:SHFS ) Q3 2024 Earnings Call November 12, 2024 4:30 PM ET Company Participants Phil Carlson - Investor Relations Sundie Seefried - Chief Executive Officer Jim Dennedy - Chief Financial Officer Operator Greetings and welcome to Safe Harbor Financial's Third Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.

SHF Holdings, Inc. (SHFS) Q3 2024 Earnings Call Transcript

--Net Income increased to $0.4 million in the third quarter of 2024 --Loan Interest Income increased 48% and 143.5% year-over-year for three and nine months ended September 30, 2024, respectively --Operating Expenses decreased 13.2% versus Q3 2023 and by 66.4% for the nine-month period in 2024 GOLDEN, Colo., Nov. 12, 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 today its financial results for the third quarter and nine months ended September 30, 2024.

Safe Harbor Financial Reports Financial Results for Third Quarter and Nine Months Ended September 30, 2024

Company to host conference call after the market closes at 4:30p.m. ET on Tuesday, November 12th Company to host conference call after the market closes at 4:30p.m. ET on Tuesday, November 12th

Safe Harbor Financial to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024

GOLDEN, Colo., Oct. 29, 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 it has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, the first tranche of a $5 million commitment to refinance existing senior debt.

Safe Harbor Financial Originates $1.07 Million Secured Credit Facility for Missouri Cannabis Operator

Safe Harbor Financial SHFS, focused on cannabis banking solutions, is embroiled in a legal battle over its $30 million acquisition of Rockview Digital Solutions (Abaca), initially agreed upon in October 2022. Complications arose as the company prepared for a scheduled payment to shareholders on October 5, 2024.

Safe Harbor Financial's $30M Deal In Jeopardy? What NASDAQ Investors Need To Know

SHF Holdings has seen a significant price decline in 2024 since going public but shows potential for recovery with strong technical support levels and improving profitability and cash flow. Despite falling revenue, SHFS has increased loan interest income and reduced operating expenses, leading to improved net income and adjusted EBITDA. The stock is undervalued, trading at less than 9x the current annual rate of adjusted EBITDA and near tangible book value, suggesting limited downside risk.

SHF Holdings Is An Interesting Cannabis Stock (Rating Upgrade)

GOLDEN, Colo., Sept. 04, 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 extensions to the contracts of three key executives and a restructuring of their compensation packages.

Safe Harbor Financial Secures Key Executive Team with Strategic Contract Extensions

SHF Holdings Inc. (NASDAQ:SHFS ) Q2 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Phil Carlson - KCSA Strategic Communications Sundie Seefried - Founder and CEO James Dennedy - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today.

SHF Holdings Inc. (SHFS) Q2 2024 Earnings Call Transcript

Company to host conference call after the market closes at 4:30 p.m. ET on Wednesday, August 14th GOLDEN, Colo.

Safe Harbor Financial to Report Second Quarter 2024 Financial Results on Wednesday, August 14, 2024

GOLDEN, Colo., July 25, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc. , d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) ( NASDAQ: SHFS ), a leader in providing banking, payments, and financial services to the regulated cannabis industry, announced a new partnership with BIPOCann , a Denver-based consulting firm dedicated to aiding social equity and minority entrepreneurs in the cannabis sector.

Safe Harbor Financial and BIPOCann Team Up to Empower Minority-Owned Cannabis Businesses

GOLDEN, Colo., July 09, 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 today that it successfully exited a $3.1 million loan that was previously in default.

Safe Harbor Financial Successfully Exits $3.1 Million Loan in Default, Collecting 100% of Principal, Plus Over $200,000 in Accrued Interest

SHF Holdings Inc. (NASDAQ:SHFS ) Q1 2024 Earnings Conference Call May 13, 2024 4:30 PM ET Company Participants Erika Kay - KCSA Strategic Communications Sundie Seefried - Founder and CEO James Dennedy - CFO Conference Call Participants Operator Thank you for standing by. My name is Benjamin and I will be your conference operator today.

SHF Holdings Inc. (SHFS) Q1 2024 Earnings Call Transcript

--Net Income increased 245% year-over-year to approximately $2.0 million in the first quarter of 2024 --Adjusted EBITDA increased 165.3% to approximately $1.1 million (1) --Operating Expenses decreased 35.8% versus the same period in 2023 GOLDEN, Colo., May 13, 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 today its financial results for the first quarter ended March 31, 2024.

Safe Harbor Financial Announces First Quarter 2024 Results

GOLDEN, Colo., May 06, 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 first quarter of 2024 ended March 31, 2023 on Monday, May 13, 2024 after the close of the market.

Safe Harbor Financial to Report First Quarter 2024 Financial Results on Monday, May 13, 2024

GOLDEN, Colo., May 01, 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, issued the following statement by Safe Harbor Financial CEO Sundie Seefried on the Drug Enforcement Administration (DEA) rescheduling cannabis from Schedule I to Schedule III on the Controlled Substances Act (CSA).

Safe Harbor Financial Issues Statement on Cannabis Rescheduling

GOLDEN, Colo., April 15, 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 today that its Board of Directors (the “Board”) has appointed its Chief Executive Officer, Sundie Seefried, as a member of the Board.

Safe Harbor Financial Announces Appointment of CEO, Sundie Seefried to Board of Directors

SHF Holdings Inc. (SHFS) Q4 2023 Earnings Call Transcript

--Record annual revenue increased 85.3% year-over-year to $17.6 million in 2023 --Loan Book Value increased 194.2% to $55.6 million in 2023, up from $18.9 million year-over-year --Has facilitated more than $21.5 billion in deposit activity across 41 states since inception GOLDEN, Colo., April 01, 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 today its financial results for the fourth quarter and full year ended December 31, 2023.

Safe Harbor Financial Announces Fourth Quarter and Year-End 2023 Results

Company to host conference call after the market closes at 4:30 p.m. ET on April 1st Company to host conference call after the market closes at 4:30 p.m. ET on April 1st

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

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.

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

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.

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

SPDR S&P 500 ETF Trust

Tidewater

Maximizing profits / minimizing taxes. Giving, expensing, saving, and investing. Consider strategic investments and research expenses, and Here's what I'm doing before it is too late.

4 Last Calls For 2023

- Property to be Converted to a Cannabis Retail Store Operated by Higher Collective, a Social Equity Joint Venture -

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

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.

News for SHF Holdings Inc Stock (SHFS)