SHF (SHFS)
Compliance, banking and lending infrastructure for cannabis businesses and financial institutions.
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Provides Smart Banking, compliance operations, lending support and managed services to cannabis-related businesses through partner institutions. Revenue comes from recurring account fees and contractual shares of loan and deposit economics, while deposits and most lending capital remain with partners, especially PCCU.
Connects cannabis-related businesses with compliant banking, payments, cash-management and commercial-lending services through regulated financial-institution partners. The Safe Harbor Program and Cannabis Banking Solutions™ Platform combine customer onboarding, KYC and BSA/AML diligence, transaction monitoring, document management, program administration and recurring account support. Commercial Lending includes sourcing, underwriting and servicing primarily senior-secured loans; managed services add on-site examinations, technology advisory, bookkeeping, payroll, tax and other back-office support.
Earns account fees and contractual shares of loan and deposit economics rather than banking deposits itself. The customer footprint reaches across the United States through partner institutions, while most employees are in Colorado. PCCU remains the primary depository and lending partner, holds most program accounts, provides much lending capital and keeps final loan approval; service delivery also depends on continuing BSA/AML compliance within a federal-state cannabis legal split.
Company facts
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No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.7M · Total debt $622.1K · Total assets $14.2M · Shareholders' equity $6.1M
- Revenue
- $1.9M
- Operating income
- −$1.0M
- Net income
- −$1.5M
No dividends on record.
| Institutions12 holders · as of Mar 31, 2026 | 4.94% | 609.5K shares | |
| Insiders3 holders · as of Jun 6, 2025 | 0.21% | 25.6K shares | |
| Otherremainder | 94.85% | 11.70M shares |
12.33M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The reported float (2.18M, 59.8% free) does not reconcile with the share count, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
M3F, Inc.Institution | 2.50% | 308,000 | 13Fas of Mar 31, 2026 |
T3 Companies, LLCInstitution | 0.71% | 87,800 | 13Fas of Mar 31, 2026 |
Blue Owl Capital Holdings LPInstitution | 0.62% | 75,897 | 13Fas of Mar 31, 2026 |
Geode Capital Management, LLCInstitution | 0.33% | 40,438 | 13Fas of Mar 31, 2026 |
Checchi Capital Advisers, LLCInstitution | 0.26% | 31,741 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 30, 2025 | Richard Carleton | director | +850 | $7.76 |
| Sep 30, 2025 | Michael Regan | officer: Chief Inv. & Strat. Officer | +4,120 | $7.76 |
| Sep 30, 2025 | Terrance Elliot Mendez | director, officer: Director, CEO and CFO | +8,175 | $7.76 |
| Sep 30, 2025 | Jeffrey R. Kay | officer: Chief Marketing Officer | +4,120 | $7.76 |
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Senior-secured cannabis loans for the same licensed operators.
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- Advanced Flower Capital
Institutional senior-secured cannabis debt for established operators.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SHF | $0.1613 | 0.00% | $2.0M | — | — | 0.2 | +99,498.9% |
| Valley National Bancorp | $13.66 | −1.12% | $7.65B | 11.5 | 9.8 | 2.6 | +13.3% |
| Chicago Atlantic Real Estate Finance | $10.89 | +0.93% | $231.9M | 7.9 | 5.4 | 3.9 | −22.2% |
| FVCBankcorp | $18.41 | +1.71% | $331.0M | 13.0 | 11.6 | 3.5 | +29.8% |
| Advanced Flower Capital | $3.57 | 0.00% | $81.4M | 18.8 | 5.1 | 3.4 | +68.9% |
| Median | 12.2 | 7.6 | 3.4 | +21.5% |