SHF (NASDAQ: SHFS) — Company Overview, News & Financial Data
SHF provides financial services tailored for cannabis businesses, including banking solutions, cash management, and commercial lending.
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Company profile
SHF
SHF Holdings (NASDAQ:SHFS) operates in the cannabis industry, but instead of cultivation or retail, they provide financial services. Through their platform, SHFS offers banking solutions specifically designed for cannabis-related businesses. This includes business checking and savings accounts, cash management, commercial lending, and remote deposit services. Essentially, SHFS acts as a bridge between traditional financial institutions and the cannabis industry, filling a gap created by federal regulations.
Snapshot
Public USOwnership
2015Year founded
44Employees
Golden, United StatesHead office
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Global footprint
Operations
All Locations
United States
Products and/or services of SHF
- Cannabis-Focused Banking Solutions: SHF provides business checking and savings accounts specifically tailored for cannabis businesses, which often struggle to find traditional banking services due to federal regulations.
- Cash Management Services: SHF helps cannabis businesses manage their cash flow by offering secure cash storage, deposit processing, and other cash handling solutions.
- Commercial Lending: SHF offers loan products designed to meet the specific needs of cannabis businesses, such as funding for inventory, equipment purchases, or expansion.
- Compliance and Monitoring: They assist cannabis businesses in navigating the complex web of regulations and compliance requirements within the industry.
- Validation Services: SHF offers verification services to ensure the legitimacy and licensing of cannabis businesses and their partners.
- Remote Deposit Services: Since cannabis is a cash-intensive business, SHF provides secure methods for electronically depositing cash receipts.
SHF executive team
- Terrance Elliot MendezCEO, CFO & Director
- Sundie L. SeefriedFounder
- Michael John ReganCOO & Secretary
- Jeffrey R. KayChief Marketing Officer
- Margaret WilliamsVP of BSA & Compliance
- Stephen La RosaSenior Vice President of Lending Strategy & Partner Development
- David SmoklerManaging Director
- Frank A. SalluceManaging Director
- Joshua ShannonHead of Development
- Ean MullinsSenior Vice President of Strategic Finance & Partnerships
Key financials
Reported results for SHF, in USD.
- Market cap
- 1.9M
- Revenue (TTM)
- 8.4M
- P/E ratio
- —
- EPS (diluted, TTM)
- -11.7
- Dividend yield
- —
- Profit margin
- -43.9%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 7.7M | -5.4M | -2.2M | |
| 18.4M | -4.5M | -48.3M | |
| 20.3M | -19.1M | -17.3M | |
| -32M | -44.4M | -35.1M |