SHF Holdings, Inc..
SHFS.US | Activities of holding companies
SHF Holdings, Inc. operates as a diversified holding company. While specific details about its various holdings and business activities are not explicitly provided, the company's structure suggests investments across multiple sectors. Without further information, it is difficult to pinpoint a specif...Show More
Better Health for All
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The provided article details SHF Holdings, Inc.'s acquisition of Safe Harbor Financial, which provides financial services to cannabis-related businesses.
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The article does not contain specific, concrete data points or information regarding the health impact of these financial services, their safety record, pricing accessibility, reach to vulnerable populations, risk transparency, investment in health innovation, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics. Therefore, no KPIs can be scored based on the evidence provided.
Fair Money & Economic Opportunity
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SHF Holdings, Inc., through its Safe Harbor Financial division, primarily serves the cannabis industry, which is explicitly identified as underserved due to regulatory challenges.
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The company's mission is to normalize banking for cannabis-related businesses, and it has served over 600 customers and facilitated over $24.9 billion in total deposit activity since 2015.
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The Scienaptic AI platform, mentioned in relation to the company, also enables over a million underserved individuals monthly to access credit.
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Safe Harbor's CROP loan program offers reduced borrowing costs to cannabis businesses through a cash collateral arrangement and an interest rate buydown agreement.
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The company's amended agreement with Partner Colorado Credit Union (PCCU) reduces asset hosting fees by approximately 23% or $250,000 annually, with potential savings scaling up to $600,000 annually, replacing a fixed fee structure with a graduated one.
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Safe Harbor opened 13 new accounts through its financial institution partners under its newly expanded Social Equity Program as of May 23, 2023.
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The company has facilitated transactions across 41 states and territories.
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However, SHF Holdings has faced non-compliance with Nasdaq listing requirements regarding minimum bid price and stockholders' equity, and compliance with the Bank Secrecy Act (BSA) and FinCEN is a significant concern due to the nature of the cannabis industry.
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The CEO has authored a book, 'Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty,' and provides cannabis banking education to legislators, regulators, and financial institutions, but there are no structured financial literacy programs for customers.
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Fair Pay & Worker Respect
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No specific, concrete data points for SHF Holdings, Inc. were found in the provided articles for any of the Fair Pay & Worker Respect KPIs. While some articles discussed CEO-to-worker pay ratios, this data pertained to other companies or S&P 500 averages, not SHFS.US.
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Employee headcount data was available, but not specific metrics like voluntary turnover or the nature of part-time contracts regarding benefits or temporary status.
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Fair Trade & Ethical Sourcing
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No specific, quantitative data for SHF Holdings, Inc. (SHFS.US) regarding fair trade and ethical sourcing practices was found in the provided articles.
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The articles discuss general industry issues, proposed legislation, or the policies and performance of other companies, none of which are applicable to SHFS.US.
Honest & Fair Business
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No evidence available to assess SHF Holdings, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess SHF Holdings, Inc. on Kind to Animals.
No War, No Weapons
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SHF Holdings, Inc. (SHFS) operates as a NASDAQ-listed fintech company, d/b/a Safe Harbor, serving the regulated cannabis and hemp industries.
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The company facilitates banking, lending, and financial services, having processed over $26 billion in cannabis-related transactions across 41 states and territories.
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It implements accountability, transparency, monitoring, reporting, and risk mitigation measures, meeting Bank Secrecy Act obligations.
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The provided articles contain no information or evidence regarding the company's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other activities related to the 'No War, No Weapons' value.
Planet-Friendly Business
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No evidence available to assess SHF Holdings, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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No evidence available to assess SHF Holdings, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess SHF Holdings, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No information regarding SHF Holdings, Inc.'s performance on zero waste and sustainable products, waste management, product design, or related initiatives was found in the provided articles.
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The articles focused on the cannabis industry and did not contain any relevant data for SHFS.US.
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