SHF (SHFS) Investor presentation summary

Platform overview

• Compliant cannabis banking platform launched in 2015; $26B+ processed, 770+ CRB accounts and $108M under management across 41 states and territories.

• Proprietary software, compliance infrastructure and managed services support banking, lending and financial operations for financial institutions and cannabis businesses.

• At September 30, 2025, cash was $6.8M with no debt; average monthly deposit balance was $108M and FI loans managed were $53M.

Market opportunity

• 683 of 9,140 U.S. financial institutions served CRBs; 8% penetration leaves room for expansion, including through regulatory reform and adjacent payroll and insurance services.

• U.S. cannabis market forecast at $44.30B in 2025 and $76.39B in 2030, with 11.51% CAGR for 2025–2030.

• At an assumed 10–15% EBITDA margin, up to $64.6B in 2030 would flow to employee, contractor, supply, packaging, infrastructure, maintenance and consulting costs.

Growth strategy

• Expand financial institution partnerships and deposits through direct FI acquisition and strategic industry partnerships.

• Build cannabis lending through origination and syndication across diversified funding sources; use lending to accelerate banking, managed services, consulting and FI growth.

• Cross-sell integrated banking, lending, managed services and consulting to increase client wallet share, retention and recurring fee revenue.