EXCLUSIVE: Colorado Cannabis Gets A Boost As 3 Operators Land $550K In Credit Lines
Portfolio Pulse from Nina Zdinjak
Safe Harbor Financial (NASDAQ: SHFS) has launched a new small business line of credit program, issuing $550,000 in credit lines to three Colorado cannabis businesses. This initiative aims to support small and mid-sized cannabis enterprises often overlooked by traditional financial institutions.
June 05, 2024 | 10:10 am
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Safe Harbor Financial has launched a new small business line of credit program, issuing $550,000 in credit lines to three Colorado cannabis businesses. This initiative supports small and mid-sized cannabis enterprises often overlooked by traditional financial institutions.
The launch of the new credit program and the issuance of $550,000 in credit lines to three Colorado cannabis businesses is a positive development for Safe Harbor Financial. It demonstrates the company's commitment to supporting the cannabis industry and addressing the financing needs of small and mid-sized businesses. This initiative could lead to increased business for Safe Harbor Financial and potentially boost its stock price in the short term.
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