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Safe Harbor Financial Partners with Bennett Thrasher to Deliver Advanced Financial Services to Cannabis Operators Nationwide
Globenewswire· 2025-05-29 12:30
Core Insights - Safe Harbor Financial has formed a strategic partnership with Bennett Thrasher to enhance financial compliance and advisory services for cannabis businesses in regulated markets [1][2] - The collaboration aims to address financial challenges faced by operators in the cannabis industry, providing essential tools and guidance for growth [2][3] Company Overview - Safe Harbor Financial is a fintech leader that facilitates financial services and credit facilities specifically for the cannabis industry, having facilitated over $25 billion in deposit transactions across more than 41 states [8] - Bennett Thrasher is a prominent accounting and advisory firm with over 45 years of experience, offering a range of services including tax, audit, and advisory [4] Services Offered - The partnership provides a comprehensive suite of financial services tailored for cannabis businesses, including annual audits, tax preparation, ongoing financial advisory, corporate valuations, M&A support, and CFO services [6][7] - These services are designed to improve audit readiness, enhance credibility with stakeholders, and provide strategic financial guidance [7] Industry Context - Operators in the cannabis industry face unique financial challenges, such as navigating the complexities of 280E tax law and limited access to traditional advisory services [3] - The partnership aims to fill a critical gap in financial infrastructure, enabling cannabis businesses to operate with greater efficiency and confidence [2][3]
Safe Harbor Financial and FundCanna Announce Strategic Partnership to Expand Access to Capital for Cannabis Operators
Newsfilter· 2025-04-17 11:00
Core Insights - SHF Holdings, Inc. (Safe Harbor Financial) has formed a strategic partnership with FundCanna to enhance financial services for the cannabis industry, focusing on accessible funding and compliant banking solutions [1][2][3] Company Overview - Safe Harbor Financial is a fintech leader providing financial services to the regulated cannabis industry, having facilitated over $25 billion in deposit transactions across more than 41 states and U.S. territories [7] - FundCanna specializes in providing flexible capital solutions tailored for cannabis operators, offering customizable and reliable funding products [4][5] Partnership Details - The partnership allows FundCanna to refer clients to Safe Harbor for banking services, while Safe Harbor will refer clients to FundCanna for various credit-based solutions [2][3] - This collaboration aims to address the financial challenges faced by cannabis operators, particularly in light of regulatory hurdles and limited access to traditional capital [3] Industry Context - The cannabis industry continues to experience significant limitations from traditional financial institutions, necessitating innovative financial solutions [3] - The partnership is positioned to provide an end-to-end solution for cannabis businesses, enhancing their ability to manage cash flow and pursue growth opportunities [3]