SHF Holdings expands lending, deposit relationship with tier-one MSO

SHF announced that it has expanded its lending and deposit relationship with a tier-one multistate operator, MSO, through the origination of an additional first lien-secured loan in the approximate amount of $2.9 million on a cultivation facility located in a limited license, adult-use cannabis state. “In an environment where other lenders are scaling back, the expansion of Safe Harbor’s relationship with this MSO demonstrates the acceleration of our new origination and placement activities and our continued support of the cannabis industry’s growth,” said Sundie Seefried, Chief Executive Officer at Safe Harbor. “In addition to originating this new loan on a key cultivation property, we are proud to open deposit accounts for this top-performing MSO’s operating entities in this key market and to deepen our service relationship.”