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Safe Harbor Financial (NASDAQ:SHFS), a pioneer in delivering financial services to the regulated cannabis sector, has announced the origination of a $3 million loan for a Washington-based organic THC-infused beverage company.
This financial infusion aims to fuel the company's expansion into the California market.
Dan Roda, EVP & COO of Safe Harbor Financial, emphasized the company's pivotal role in supporting cannabis industry growth.
"Safe Harbor's role is crucial in facilitating the expansion of leading cannabis operators and brands nationwide. As the demand for innovative cannabis products, particularly in infused food and beverages, continues to surge, Safe Harbor stands ready with industry-leading credit solutions to foster growth," Roda stated in a press release.
Safe Harbor has been a trailblazer in offering compliance, monitoring, and validation services to financial institutions, enabling them to serve cannabis, hemp, CBD, and ancillary businesses.
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this September 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Photo by Victoriano Izquierdo on Unsplash.
Posted In: SHFS
