SHFS News & Events

SHF Holdings announced am amendment to its Commercial Alliance Agreement with Partner Colorado Credit Union that fundamentally improves the Company's economics and positions it for accelerated, profitable growth. The amended agreement extends the customer relationship through December 2031 from its original 2029 expiration date with automatic two-year renewal provisions, fundamentally enhancing the Company's revenue model, reducing costs, and positioning the business for accelerated growth. The amended Commercial Alliance Agreement delivers multiple immediate and long-term benefits to Safe Harbor: Revenue Enhancement of $9 million over term: Safe Harbor will receive up to 65% of loan interest income, generating an expected $9+ million over the agreement term with no incremental cash costs. In exchange, Safe Harbor will indemnify up to 65% of the potential net losses on defaulted loans, converting non-cash risk exposure into substantial cash revenue. To date, no loans issued by PCCU have defaulted, evidencing the effectiveness of Safe Harbor's underwriting capabilities. Immediate Cost Reduction: Our asset hosting fee decreases by approximately 23% or $250,000 annually and $1.5 million over the term of the agreement, based on our Q3 2025 reported numbers. The new terms replace a fixed fee structure with a graduated fee structure. The cost savings scales up to approximately $600,000 annually as PCCU's deposit base grows. Safe Harbor will receive approximately $400,000 as retroactive payment from PCCU: The amended agreement is retroactive to October 1, 2025.

SHF Holdings announced a strategic expansion of its payments solutions portfolio through partnerships with Lut and GreenCard. "By offering ACH debit, cashless ATM, and closed-loop payment systems, we now support every major way customers pay for cannabis," said Terry Mendez, CEO of Safe Harbor. "Our focus is solving real operational challenges for cannabis businesses. We've built the most complete, compliant payments ecosystem in the industry by asking: what do operators actually need? The answer is flexibility, redundancy, and reliability at every transaction point. Lut and GreenCard help our clients build stability across the supply chain."

SHF announced the expansion of its client offerings to include cannabis-specific insurance solutions through strategic partnerships with Frontier Risk and AlphaRoot. The new insurance capabilities are delivered through the Safe Harbor Advantage Partner Network and represent one of several new service categories the Company plans to introduce as it builds a broader ecosystem of curated, compliant solutions for cannabis operators.

SHF Holdings announced the addition of two key executives to its leadership team. Stephen La Rosa joins Safe Harbor as Senior Vice President, Lending Strategy and Partner Development and Cassandra Douglas as Senior Manager Client Experience and Onboarding. As Senior Vice President of Lending Strategy and Partner Development, Stephen La Rosa is leading the expansion of the company's lending platform, providing solutions designed to meet the evolving capital needs of clients. With more than 20 years of banking experience across large and smaller financial institutions, his strengths include small business lending, relationship management, business development, portfolio management, credit analysis and risk management. In her role, Douglass will support client onboarding, relationship development and the delivery of compliant cannabis banking solutions. Prior to joining Safe Harbor, Ms. Douglass served as Vice President and Regional Manager at Herring Bank.