Financial Service Provider In Cannabis Reports 4Q & 2023 Results: Annual Revenue Up By 85.3%
Safe Harbor Financial (NASDAQ: SHFS), a leading facilitator of financial services to the regulated cannabis industry, reported its financial results late Monday for the fourth quarter and full year concluded on December 31, 2023.
Safe Harbor reported record annual revenue surging by 85.3% to $17.6 million in 2023 compared to $9.5 million in 2022.
The company has facilitated over $21.5 billion in deposit activity across 41 states since its inception, showcasing its widespread impact and growing presence in the financial sector.
Sundie Seefried, CEO of Safe Harbor Financial, highlighted the successful introduction of new lending and deposit products in 2023, leading to increased account fees, investment income and loan income. In a press release, Seefried stressed the …