- Business
- SHF Holdings, Inc. (Nasdaq: SHFS, SHFSW) operates as a financial technology company that provides compliant banking, lending, and other financial services to financial institutions serving the regulated cannabis industry; through its proprietary platform, it offers business checking and savings accounts, cash management accounts, commercial lending, courier and vaulting services, remote deposit services, automated clearing house payments and origination, debit and wire payments, regulatory compliance consulting, and software for Know Your Customer and Bank Secrecy Act compliance; additional services include origination, onboarding, verification, and servicing of cannabis-related deposit business, as well as sourcing, underwriting, servicing, and administering loans to cannabis businesses, hemp, CBD, and ancillary operators nationwide. The company, founded in 2015 and headquartered in Golden, Colorado, partners with FDIC- and NCUA-insured institutions to deliver secure deposits, cash handling, digital transactions, payroll, tax support, and audit-ready reporting tailored to state and federal cannabis regulations, targeting licensed dispensaries, cultivators, manufacturers, distributors, and related businesses while excluding illegal operations. Recent developments include strategic partnerships with FundCanna to expand capital access, Würk for financial and workforce solutions, and Bennett Thrasher for advanced services; executive hires such as Jeffrey Kay as SVP of Marketing and Dominic Marella as VP of Business Development; a modified alliance agreement with Partner Colorado Credit Union eliminating loan indemnification; regained Nasdaq compliance with $6.8 million in new capital raised and substantial debt elimination; launch of a fully managed cannabis banking program for institutions and the industry's first complete financial solutions platform; and a CEO transition to Terrance Mendez in 2025 alongside surpassing $25 billion in cannabis-related funds processed.