SHF Holdings Inc. (SHFS)
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Zacks Initiates Coverage of Safe Harbor With Neutral Recommendation
Discover why Zacks rates Safe Harbor as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore SHFS' improving lending economics and expanding financial services offerings amid ongoing losses and regulatory uncertainty.
SHF Holdings, Inc. (SHFS) Q3 2024 Earnings Call Transcript
SHF Holdings, Inc. (NASDAQ:SHFS ) Q3 2024 Earnings Call November 12, 2024 4:30 PM ET Company Participants Phil Carlson - Investor Relations Sundie Seefried - Chief Executive Officer Jim Dennedy - Chief Financial Officer Operator Greetings and welcome to Safe Harbor Financial's Third Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.
SHF Holdings Is An Interesting Cannabis Stock (Rating Upgrade)
SHF Holdings has seen a significant price decline in 2024 since going public but shows potential for recovery with strong technical support levels and improving profitability and cash flow. Despite falling revenue, SHFS has increased loan interest income and reduced operating expenses, leading to improved net income and adjusted EBITDA. The stock is undervalued, trading at less than 9x the current annual rate of adjusted EBITDA and near tangible book value, suggesting limited downside risk.
SHF Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Bobby Adusumilli SJS Investment Consulting Inc. | 11,313 | $48,532.77 | $2,416.46 | -$46,116.31 | -95.02% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 1,000 | $830.5 | $212.3 | -$618.2 | -74.44% |
 Kevin Bresler TD Waterhouse Canada Inc. | 5,000 | $21,450 | $970.5 | -$20,479.5 | -95.48% |
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SHF Holdings Inc. Profile
| Banks Industry | Financials Sector | Terrance E. Mendez CEO | NASDAQ (CM) Exchange | 824430300 CUSIP |
| US Country | 40 Employees | - Last Dividend | 24 Mar 2025 Last Split | 20 Aug 2021 IPO Date |
Overview
SHF Holdings, Inc. specializes in providing comprehensive financial services tailored for the unique needs of the cannabis industry. Serving as a crucial bridge between financial institutions and cannabis-related businesses, SHF Holdings utilizes its proprietary platform to facilitate access to a wide array of financial solutions. Established in 2015 and headquartered in Golden, Colorado, the company positions itself as a subsidiary of Partner Colorado Credit Union, highlighting its strong backing and commitment to offering secure, reliable, and specialized financial services to its clientele.
Products and Services
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Business Checking and Savings Accounts
SHF Holdings provides essential banking services, including business checking and savings accounts, tailored to the needs of cannabis businesses, enabling them to manage their finances effectively and securely.
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Cash Management Accounts
These accounts are designed to optimize the cash flow of cannabis businesses, offering efficient management of their finances through a comprehensive suite of services.
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Savings and Investment Options
SHF Holdings offers various saving and investment solutions to cannabis businesses, helping them to grow their financial assets and ensure future financial stability.
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Commercial Lending
The company provides commercial lending options, including loans and credit lines, to support the expansion and operational needs of cannabis businesses, facilitating access to necessary capital.
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Courier Services
Understanding the specific challenges of the cannabis industry, SHF Holdings includes secure courier services for the safe transport of cash and other valuables, addressing the high-security needs of its clients.
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Remote Deposit Services
These services allow cannabis businesses to deposit checks remotely, enhancing convenience and efficiency in their banking operations.
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Automated Clearing House Payments and Origination
A crucial aspect of SHF Holdings’ services, this feature facilitates the electronic transfer of funds, ensuring timely payments and reducing the reliance on cash transactions.
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Wire Payments
Provides an efficient mechanism for making rapid and secure wire transfers, enabling cannabis businesses to execute high-value transactions swiftly.
