Safe Harbor Financial Originates Three New Loans To Cannabis Multi-State Operator
Portfolio Pulse from Vuk Zdinjak
Safe Harbor Financial (NASDAQ:SHFS) has originated three new loans totaling $4.3 million for affiliates of a multi-state operator (MSO) in the cannabis industry. The loans are secured by retail assets in three additional limited-license markets. This follows previous loans originated for the MSO, including four commercial real estate-backed loans worth approximately $5.5 million and a first lien-secured loan of approximately $2.9 million.
July 27, 2023 | 2:06 pm
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Safe Harbor Financial's continued lending to the cannabis industry demonstrates its commitment to this sector. The new loans diversify its collateral portfolio and could potentially open up new markets.
Safe Harbor Financial's continued lending to the cannabis industry, particularly to a top-performing multi-state operator, indicates a strong business relationship and a positive outlook on the industry. The new loans, secured by retail assets, not only diversify the company's collateral portfolio but also potentially open up new markets, which could have a positive impact on the company's future performance.
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