Safe Harbor Financial Expands Lending And Deposit Relationship With Cannabis Multi-State Operator
Portfolio Pulse from Vuk Zdinjak
Safe Harbor Financial (NASDAQ:SHFS) has expanded its lending and deposit relationship with a cannabis multi-state operator by originating an additional first lien-secured loan of approximately $2.9 million on a cultivation facility. This follows the origination of four commercial real estate-backed loans for subsidiaries of a tier-one MSO in May.
June 22, 2023 | 1:19 pm
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Safe Harbor Financial's expansion of its lending and deposit relationship with a cannabis multi-state operator demonstrates its continued support of the cannabis industry's growth and may positively impact its revenues.
Safe Harbor Financial's expansion of its lending and deposit relationship with a cannabis multi-state operator indicates its commitment to supporting the growth of the cannabis industry. This move may lead to increased revenues for the company as it continues to originate loans and open deposit accounts for top-performing MSOs. The company's recent growth in Q1 revenue and surpassing $1.1B in quarterly deposits also supports this positive outlook.
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