Strategic partnerships introduce insurance as a new service category and complementary revenue stream within the Safe Harbor Advantage Partner Network
DENVER, Jan. 14, 2025 — SHF Holdings, Inc., d/b/a Safe Harbor (the “Company”) (NASDAQ: SHFS), a fintech leader in providing banking, lending and financial services to the regulated cannabis and hemp industries, announced the expansion of its client offerings to include cannabis-specific insurance solutions through strategic partnerships with Frontier Risk and AlphaRoot. The new insurance capabilities are delivered through the Safe Harbor Advantage Partner Network and represent one of several new service categories the Company plans to introduce as it builds a broader ecosystem of curated, compliant solutions for cannabis operators.
Through these partnerships, Safe Harbor clients will gain streamlined access to tailored insurance products, including property, workers compensation, general liability, product liability and other risk management solutions critical to operating and scaling compliant cannabis businesses. For Safe Harbor, the introduction of insurance solutions creates a new, complementary revenue stream while deepening client relationships and increasing retention by offering a more comprehensive suite of services.
“Safe Harbor was built to solve the most complex financial challenges facing the cannabis industry, and that mission extends beyond banking,” said Terry Mendez, CEO of Safe Harbor. “By adding cannabis-specific insurance solutions through trusted partners like Frontier Risk and AlphaRoot, we are taking another step toward delivering an end-to-end financial services platform that helps our clients bank, borrow, operate and grow — all within a compliant, transparent framework. This is a natural evolution of our strategy and an important foundation for future service expansions.”
The partnerships with Frontier Risk and AlphaRoot further strengthen Safe Harbor’s ability to deliver industry-specific solutions that align with evolving regulatory expectations while supporting long-term client growth and resilience.
The addition of insurance solutions represents a meaningful expansion of Safe Harbor’s platform beyond traditional banking and supports the Company’s continued growth of its Advantage Partner Network into a scalable, fintech-driven ecosystem purpose-built for the cannabis industry.
About Safe Harbor
Safe Harbor is a cannabis-exclusive financial platform delivering smarter banking, lending, payments and business services tailored to how the cannabis industry actually operates. As one of the original pioneers of compliant cannabis banking in the U.S., Safe Harbor has facilitated more than $26 billion in cannabis-related transactions across 41 states and territories. Through its proprietary Cannabis Banking Solutions™ Platform and network of regulated financial institution partners, Safe Harbor empowers cannabis operators to gain clarity, control and confidence in their financial operations. From daily banking to long-term growth, Safe Harbor provides real solutions and personal support — built exclusively for cannabis. Safe Harbor is a financial technology company, not a bank. Banking services are provided by our partner financial institutions. For more information, visit shfinancial.org.
