SHF Holdings d/b/a Safe Harbor Financial, a fintech in facilitating financial services and credit facilities to the regulated cannabis industry, closed a $1.5 million secured credit facility for a Missouri-based cannabis operator. This transaction marks the second tranche of a $5 million loan funding package aimed at refinancing expensive senior debt across four retail dispensaries in Missouri. An initial tranche of $1.07 million was originated on Oct. 29, 2024.
“Safe Harbor Financial is dedicated to supporting cannabis operators with robust and compliant financial solutions through our financial institution partners that mirror those available through traditional banking sources,” John Foley, senior vice president, commercial lending at Safe Harbor Financial, said. “This credit facility exemplifies our commitment to delivering competitive market interest rates and favorable loan terms, allowing cannabis businesses to efficiently manage debt and focus on growth.”
“This latest financing demonstrates Safe Harbor’s commitment to offering competitive market pricing and tailored financial solutions that support the long-term stability of cannabis operators,” Terry Mendez, co-CEO of Safe Harbor Financial, said. “Capitalizing our ability to structure favorable loan terms, we empower cannabis businesses to thrive in an evolving marketplace. Safe Harbor remains dedicated to offering cannabis operators and the financial services they need to grow, while simultaneously delivering sustainable value to our investors through a strong and diversified credit portfolio.”
