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Tag: NASDAQ:SHFS

  • SHF Holdings (SHFS) Shares Fluctuate In Pre-Market Trading

    SHF Holdings (SHFS) Shares Fluctuate In Pre-Market Trading

    Following the announcement of its unaudited consolidated financial statements for the fourth quarter and the full year ended December 31, 2024, SHF Holdings, Inc. (NASDAQ: SHFS), doing business as Safe Harbor Financial, has seen a notable fluctuation in the value of its shares. SHFS shares have risen 57.52% to $6.60 during the initial trades of pre-market session but were falling more than 13% before commencement of the regular session.

    Financial Performance and Revenue Growth

    SHF Holdings (SHFS) generated $15.2 million in revenue annually, with a quarterly revenue of about $3.7 million. Safe Harbor showed impressive growth in various financial indicators, despite the fact that this represents a decrease from the $17.6 million reported in 2023.

    Notably, loan interest revenue increased by 82% on a quarterly basis to $1.8 million, and it increased by 123% to almost $6.6 million on a full-year basis. The fourth-quarter adjusted EBITDA for SHFS was $63,581, and the yearly amount was almost $2.9 million.

    Partnerships and Strategic Financial Initiatives

    SHF Holdings persisted in growing its financial services presence in 2024. The creation of a $1.07 million secured credit facility for a cannabis business located in Missouri was reported by SHFS in October. Furthermore, Safe Harbor partnered with Partner Colorado and the Collective Clean Energy Fund in December to offer a sustainable improvement loan of $500,000 for a cannabis facility in Denver.

    Last December, SHF Holdings and Partner Colorado Credit Union (PCCU) signed an Amended Commercial Alliance Agreement, further solidifying their financial partnerships. Unless a party gives a non-renewal notice at least 12 months before expiration, this agreement has automatic two-year renewal periods that run until December 31, 2028. Additionally, Safe Harbor’s indemnity duties for losses resulting from previous and future loans under the original conditions are eliminated under the new agreement.

    Growing Market Power and Financial Achievements

    SHF Holdings processed more than $25 billion in cannabis-related funds at the beginning of 2025, marking a significant milestone. In order to further solidify its position as a reliable financial partner in the sector, SHFS has successfully created a $1.5 million secured credit line for another cannabis business in Missouri.

    The adjustment of Safe Harbor’s debt commitment with Partner Colorado Credit Union was one of its most significant financial moves. By extending the debt term to October 2030 and unlocking $6.4 million in cash flow over the following two years, this restructure greatly enhances SHFS’ long-term viability and financial flexibility.

  • Insider Buying Drove Safe Harbor (SHFS) Stock Up

    Insider Buying Drove Safe Harbor (SHFS) Stock Up

    The shares of SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (NASDAQ: SHFS) (“Safe Harbor”) increased 2.20% to close the last trading session at $0.93, demonstrating an upward trend. A couple of insider purchases increased investor confidence, which raised the price of SHFS shares.

    Sundie Seefried, the CEO of SHFS, invested $23,737 to purchase 24,700 SHFS shares at a price of $0.96 per share, according to SEC filing made yesterday. Furthermore, Doug Fagan, a director of SHFS, invested $14,584 to purchase 15,000 shares at a price of $0.97 a share.

    Looking at its recent developments, Safe Harbor recently provided a $1.17 million loan for the purchase and development of a new adult-use cannabis retail business in Bridgeport, Connecticut. The store will be run by the Connecticut-based social equity joint venture Higher Collective, whose goal is to develop a fair and inclusive cannabis market.

    About $1.17 million in additional debt was raised at market-competitive rates by Safe Harbor and its partner financial institutions. The flexible form of the financing permits interest-only payments during the building phase.  The Bridgeport property serves as a first lien security for the debt, and the loan earnings are being utilized to update and repair the space in preparation for its use as a retail cannabis business catering to adults.

    There are presently four additional adult-use cannabis retail locations operated by Higher Collective in Connecticut: Hartford, Killingly, Willington, and New London. In addition to expanding its loan book, SHFS is able to contribute significantly to the advancement of this crucial cannabis business area because to its distinctive market positioning and skills. There is a great chance for Higher Collective and its social equity partner Keanaha to grow into the Bridgeport market.

    The capacity of SHFS to provide a flexible loan at a very low interest rate is essential to maintaining its operational and financial viability as it grows. Higher Collective hopes to expand its activities with a larger group committed to supporting more social equality in cannabis through this effort, which will allow it to become a part of the Safe Harbor Social equality Program.