SHF Holdings, Inc., operating through its subsidiaries, specializes in facilitating access to a comprehensive array of banking, lending, and other crucial financial services for institutions that cater to the cannabis industry. Utilizing its exclusive technological platform, the company delivers a diverse set of functionalities. These include corporate checking and savings accounts, treasury management solutions, various savings and investment options, commercial credit facilities, dedicated courier services, convenient remote deposit features, automated clearing house (ACH) payment processing (both initiation and receipt), and secure wire transfers. Ultimately, these offerings provide cannabis-related businesses with vital financial infrastructure and enhanced insights, empowering them to manage their operations more effectively and leverage essential resources via the financial institutions partnered with SHF Holdings. The company was established in 2015 and is headquartered in Arvada, Colorado.
Safe Harbor Financial Reports Second Quarter 2026 Results and Provides Corporate Update
Safe Harbor Financial reported Q2 2026 revenue of $1.9 million, up 4.8% year-over-year, driven by a 50.7% surge in loan program income to approximately $0.8 million.
Average deposit balances grew 6.8% to $108.4 million, though the company posted a net loss of $1.5 million, widened from $0.9 million in the prior year, primarily due to a non-cash deemed dividend on Series B preferred stock conversions.
Operationally, the firm launched its Safe Harbor Pooled Employer 401(k) Plan and Institutional Infrastructure-as-a-Service model, securing Canopy HR as a client for its retirement solution.