Core Insights - Safe Harbor Financial has entered into a Letter Agreement with Partner Colorado Credit Union to temporarily pause principal payments due in February and March 2025, while discussing potential modifications to their Senior Secured Promissory Note [1][2] - The temporary pause is expected to improve Safe Harbor's liquidity by approximately 25 billion in deposit transactions for cannabis-related businesses across more than 41 states and U.S. territories over the past decade [2] Company Overview - Safe Harbor Financial is a fintech leader providing financial services and credit facilities to the regulated cannabis industry [1] - The company offers compliance, monitoring, and validation services to financial institutions, ensuring accountability and transparency in cannabis-related banking [2] - Safe Harbor aims to foster long-term partnerships and drive growth in local economies while adhering to Bank Secrecy Act obligations [2]
Safe Harbor Financial Announces Temporary Pause in Principal Payments and Ongoing Discussions to Modify Promissory Note with PCCU