Cannabis Grower Receives $500K Loan From Safe Harbor For Energy-Saving Improvements
SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, announced on Wednesday the closing of a $500,000 loan to PI 51st Avenue, LLC, a subsidiary of Pioneer Interests, Inc, doing business as Natty Rems, LLC.
This loan is offered under the Cannabis Resource Optimization Program (CROP) and facilitated through partnerships with the Collective Clean Energy Fund (CCEF) and Partner Colorado Credit Union (PCCU).
Why It Matters
The loan proceeds will support energy-efficient upgrades at PI 51st Avenue’s cultivation and processing facility in Denver, Colorado.
PI 51st Avenue plans to invest in energy-saving lighting and other essential equipment, advancing operational efficiency and sustainability in cannabis production.
The partnership leverages resources from CCEF, a nonprofit focused on clean energy financing, and PCCU, to offer competitive …