Safe Harbor Financial Originates $4.6 Million Secured Credit Facility for Michigan Cannabis Operator

March 12, 2024

https://www.globenewswire.com/news-release/2024/03/12/2844517/0/en/Safe-Harbor-Financial-Originates-4-6-Million-Secured-Credit-Facility-for-Michigan-Cannabis-Operator.html

GOLDEN, Colo., March 12, 2024 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ:SHFS), a leader in facilitating banking, payments and financial services to the regulated cannabis industry, announced today that it originated a $4.6 million credit facility for a Michigan cannabis operator secured by a four-dispensary real estate portfolio. Structured with a market-leading rate and terms, the credit facility will allow the vertically integrated operator to expand its cultivation and retail operations in the Great Lake State.

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