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SHF Holdings (SHFS) investor relations material
SHF Holdings SEO filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Provides compliance, onboarding, and loan origination services to financial institutions serving cannabis-related businesses (CRBs) in 41 U.S. states and territories.
Operates a proprietary fintech platform enabling efficient onboarding, validation, and monitoring for CRBs and financial institutions.
Revenue streams include account fees, investment income, loan interest, and compliance services.
Maintains strategic partnerships, primarily with Partner Colorado Credit Union (PCCU), for deposit and lending activities.
Mission is to be the leading financial services provider for the cannabis industry, offering a one-stop solution for compliant banking.
Financial performance and metrics
2024 revenue was $15.2 million, down 13% from $17.6 million in 2023, primarily due to a reduction in account fees and deposit balances.
Net loss for 2024 was $48.3 million, compared to a net loss of $17.3 million in 2023.
Adjusted EBITDA for 2024 was $2.9 million, down from $3.6 million in 2023.
Cash and cash equivalents as of June 30, 2025, were $247,318, with a working capital deficit of $7.4 million and an accumulated deficit of $122.5 million.
Operating expenses decreased by 42% in 2024 due to cost-cutting measures, but impairment charges and legal expenses remained significant.
Use of proceeds and capital allocation
No proceeds from the resale of shares by selling stockholders; company will only receive proceeds if warrants are exercised for cash, potentially up to $15.5 million.
Any net proceeds from warrant exercises will be used for working capital and general corporate purposes.
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