tiprankstipranks

Safe Harbor Financial originates $1.07M secured credit facility for operator

Safe Harbor Financial originates $1.07M secured credit facility for operator

SHF Holdings (SHFS) has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, the first tranche of a $5 million commitment to refinance existing senior debt. The loan further solidifies Safe Harbor’s position as a key partner for cannabis operators seeking competitive financial solutions in the rapidly evolving cannabis financial sector. The facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility in Missouri. The refinancing reduces the operator’s borrowing costs and will enable them to optimize their operations within the state’s growing cannabis market.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com