SHF (US:SHFS) Globenewswire·2025-11-17 11:00Core Viewpoint - Safe Harbor has launched the cannabis industry's first comprehensive financial solutions platform aimed at enhancing banking, borrowing, operational support, and growth for cannabis operators [1][2][7] Group 1: Financial Solutions Overview - The platform integrates key financial functions under one brand, addressing the broader financial health needs of cannabis operators who face complex regulations and limited access to financial support [2][4] - Safe Harbor continues to provide compliant banking access, including secure accounts, digital tools, payment support, and detailed reporting for regulatory needs [3][10] Group 2: Borrowing and Lending - The lending program has been expanded to offer more flexible options for established cannabis operators, facilitating greater capital flow into the sector [4][6] - Safe Harbor will assist financial institutions in reselling cannabis-related loans and managing portfolio risk [4] Group 3: Operational Support - The platform now includes operational and financial support services such as bookkeeping, payroll, cash management, and HR services tailored for the cannabis industry [5][6] - Strategic finance and advisory services are also offered, including fractional CFO support, budgeting, and M&A support [5][6] Group 4: Company Evolution and Milestones - Under CEO Terry Mendez, Safe Harbor has transformed from a single-service provider to a multi-service financial platform, aiming to become the "SoFi of cannabis" [7] - The company has achieved significant milestones in 2025, including the launch of the Fully Managed Cannabis Banking Program for financial institutions [7][10] - Safe Harbor has facilitated over $26 billion in cannabis-related transactions across 41 states and territories [9][10]