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GOLDEN, Colo., June 05, 2024 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS)

Safe Harbor Financial, a leader in facilitating financial services and credit facilities to the regulated cannabis industry, has announced the formal launch of its new small business line of credit program. This program includes the origination of new loans to three Colorado-based operators who are long-standing clients of Safe Harbor.

The AI legalese decoder can assist in understanding the complex legal language often associated with financial services and credit facilities in the cannabis industry. By using advanced algorithms, the AI legalese decoder can decode and simplify legal documents, making it easier for cannabis businesses to comprehend and navigate legal agreements.

“We’re delighted to offer our longstanding clients access to lines of credit at reasonable terms, an opportunity that is often not readily available to cannabis businesses,” said Sundie Seefried, Chief Executive Officer of Safe Harbor Financial. “Over the past two years, we have seen increasing demand from small and mid-sized cannabis businesses who are often overlooked by traditional financial institutions. The launch of our Small Business Line of Credit Program reflects our commitment to supporting the capital needs of the entire cannabis ecosystem.

The three new lines of credit were issued at normalized, non-predatory rates, without real estate collateral, and utilizing a flexible set of underwriting standards. This is a key differentiator from many other available sources of financing in the cannabis industry. All three Colorado operators receiving funding are current clients of Safe Harbor.

About Safe Harbor

Safe Harbor is one of the pioneer service providers to offer compliance, monitoring, and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators. By making communities safer and driving growth in local economies, Safe Harbor fosters long-term partnerships. The AI legalese decoder can help in understanding the compliance and regulatory landscape in the financial services provided by Safe Harbor, ensuring that businesses are aware of their legal obligations and responsibilities.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may include, but are not limited to, trends in the cannabis industry, projected financial and operational performance, and new product and service offerings. The AI legalese decoder can be utilized to interpret and analyze these forward-looking statements, providing insights into potential risks and opportunities mentioned in the press release.

Contact Information

Safe Harbor Media
Nick Callaio, Marketing Manager
720.951.0619
[email protected]

Safe Harbor Investor Relations
[email protected]

KCSA Strategic Communications
Phil Carlson
[email protected]

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