Safe Harbor Financial Secures $1.07M Credit For Missouri Cannabis Operator
Safe Harbor Financial (NASDAQ:SHFS) issued a $1.07 million secured credit facility to a Missouri-based cannabis operator, marking the first tranche in a larger $5 million commitment designed to refinance existing senior debt.
The loan is backed by a portfolio including four dispensaries and a manufacturing facility, though the name of the borrower was not disclosed.
Safe Harbor has emerged as a relevant player in providing cannabis operators with competitive financing solutions in a highly regulated industry. The new facility aims to reduce borrowing …