Safe Harbor Launches New Line Of Credit Products For Cannabis Businesses
Portfolio Pulse from Nina Zdinjak
Safe Harbor Financial (NASDAQ:SHFS) is launching a new portfolio of line of credit products for cannabis businesses. The credit facilities will range from $25,000 to $1 million at market-leading rates. This follows Safe Harbor's launch of interest-bearing commercial accounts in July. The company's shares were trading 5.27% higher at $0.82 per share during Monday’s pre-market session.
September 19, 2023 | 1:18 pm
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Safe Harbor Financial is expanding its financial services for the cannabis industry with a new line of credit products. The company's shares were trading higher following the announcement.
The launch of new credit products for cannabis businesses by Safe Harbor Financial is a positive development for the company. It expands their service offerings and potentially opens up new revenue streams. This news is likely to be viewed positively by investors, as reflected in the pre-market trading of the company's shares.
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