SHFS, SHFSW · CIK 0001854963 · operating
SHF Holdings, Inc. operates a financial services platform that serves as an intermediary between traditional financial institutions and businesses in the cannabis industry. The company provides access to banking and lending services that cannabis-related enterprises typically struggle to obtain from conventional banks due to federal regulatory restrictions. Through its proprietary platform, SHF Holdings facilitates business checking and savings accounts, cash management services, commercial lending, payment processing, and courier and vaulting services for cannabis businesses.
The company's service offerings extend beyond basic banking to include compliance and operational support. SHF Holdings provides regulatory compliance consulting, software for know-your-customer and Bank Secrecy Act compliance documentation, and loan origination and servicing functions for cannabis business lending. The platform also handles customer verification, onboarding, and deposit account servicing specific to the cannabis industry's regulatory requirements.
Based in Golden, Colorado, SHF Holdings maintains a small operational footprint with 41 full-time employees. The company was incorporated in Delaware and is listed on Nasdaq. Founded in 2015, SHF Holdings addresses a specific market gap created by federal cannabis restrictions that limit direct access to financial services for otherwise legal state-regulated cannabis businesses.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-17.43 | $-17.43 | -4151.2% | |
| 2023 | $-0.41 | $-0.41 | +77.8% | |
| 2022 | $-1.85 | $-1.85 | — | |
| 2021 | — | — | — |