Safe Harbor Financial 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.
Empowering Cannabis Industry Expansion Through Financial Innovation
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.