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SHF (SHFS) - 2024 Q2 - Quarterly Results
2024-08-14 20:10
Exhibit 99.1 Safe Harbor Financial Reports Financial Results for Second Quarter and Six Months Ended June 30, 2024 —Net Income increased to $0.9 million in the second quarter of 2024 —Loan Interest Income increased 203.6% year-over-year —Excluding impairment expense in 2023, Operating Expenses decreased 34.5% versus 2023 —Cash and cash equivalents increased 25% to $6.1 million GOLDEN, Colo., August 14, 2024 — SHF Holdings, Inc., d/b/a/ Safe Harbor Financial ("Safe Harbor" or the "Company") (NASDAQ: SHFS), a ...
SHF (SHFS) - 2024 Q2 - Quarterly Report
2024-08-14 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 86-2409612 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share SHFS The Nasdaq Stock Market LLC Redeemable Warrants, each whole warrant exercisable for one share of Class A Common SHFSW The Nasdaq Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUAN ...
Safe Harbor Financial to Report Second Quarter 2024 Financial Results on Wednesday, August 14, 2024
Newsfilter· 2024-07-31 12:30
Company to host conference call after the market closes at 4:30 p.m. ET on Wednesday, August 14th GOLDEN, Colo., July 31, 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 second quarter of 2024 ended June 30, 2024 on Wednesday, August 14, 2024 after the close of the market. ...
Safe Harbor Financial to Report Second Quarter 2024 Financial Results on Wednesday, August 14, 2024
GlobeNewswire News Room· 2024-07-31 12:30
Company to host conference call after the market closes at 4:30 p.m. ET on Wednesday, August 14th GOLDEN, Colo., July 31, 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 second quarter of 2024 ended June 30, 2024 on Wednesday, August 14, 2024 after the close of the market. ...
Safe Harbor Financial and BIPOCann Team Up to Empower Minority-Owned Cannabis Businesses
Newsfilter· 2024-07-25 12:30
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. Under this partnership, BIPOCann will offer its full suite of membership benefits, valued at $600, to all o ...
Safe Harbor Financial Submits Comments to the Justice Department Regarding Cannabis Rescheduling
Newsfilter· 2024-07-16 12:30
For the past 54 years, cannabis has been categorized as a Schedule I controlled substance under the Controlled Substances Act. Schedule I drugs, substances or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse. First and foremost, the reclassification does not make marijuana legal, as it remains an illegal substance under federal law. From a banking perspective, the compliance requirements under the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regu ...
Safe Harbor Financial Successfully Exits $3.1 Million Loan in Default, Collecting 100% of Principal, Plus Over $200,000 in Accrued Interest
GlobeNewswire News Room· 2024-07-09 12:00
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. In addition to the full repayment of the principal, Safe Harbor received $202,175 in accrued interest, all of which will be reallocated into its lending and credit lin ...
Safe Harbor Financial Announces New Small Business Line of Credit Program with the Origination of Three New Lines of Credit
Newsfilter· 2024-06-05 12:00
GOLDEN, Colo., June 05, 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 the formal launch of its new small business line of credit program with the origination of new loans to three Colorado-based operators which are long-standing clients of Safe Harbor. "We're pleased to be able to offer our longstanding clients acces ...
Safe Harbor Financial to Present at the KCSA Cannabis Virtual Investor Conference June 5th
Newsfilter· 2024-05-30 12:35
DATE: June 5th TIME: 2:30 pm Eastern LINK: https://bit.ly/3QVIu08 If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com. Recent Company Highlights GOLDEN, Colo., May 30, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/ ...
SHF (SHFS) - 2024 Q1 - Earnings Call Transcript
2024-05-14 02:40
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. At this time, I would like to welcome everyone to Safe Harbor Financial First Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. A ...