Business
Safe Harbor Launches New Payroll Cashflow Solution and Announces Major Banking Win with Canopy HR
Payroll Boost improves operator liquidity and creates multiple new revenue opportunities for Safe HarborDENVER, Dec. 09, 2025 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a provider of banking, lending, and financial services to the legal cannabis industry, announced that Canopy HR—one of the largest payroll-service providers in the cannabis sector—selected Safe Harbor to support nearly all of its cannabis payroll banking op
About this update from Shf Holdings, Inc.
[{"type":"image","alt":"Safe Harbor Financial Services, Inc.","displaySize":"","headline":null,"caption":"Safe Harbor Financial Services, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":94,"url":"https://media.zenfs.com/en/globenewswire.com/b51ef13d920cf6a6e9bf35318a2c7fae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EwXrtNbph.M2Mw0ZNch8Fw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b51ef13d920cf6a6e9bf35318a2c7fae","width":300,"height":94}},"lazy":false},{"type":"text","content":"Payroll Boost improves operator liquidity and creates multiple new revenue opportunities for Safe Harbor","length":104,"tagName":"p"},{"type":"text","content":"DENVER, Dec. 09, 2025 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a provider of banking, lending, and financial services to the legal cannabis industry, announced that Canopy HR—one of the largest payroll-service providers in the cannabis sector—selected Safe Harbor to support nearly all of its cannabis payroll banking operations. The engagement represents a major new banking client win for Safe Harbor and is expected to contribute meaningfully to deposits, payments activity, and long-term revenue growth.","length":583,"tagName":"p","attribs":{}},{"type":"text","content":"Alongside this engagement, Safe Harbor is introducing a new cashflow solution that allows cannabis operators to keep payroll-related funds in their accounts for up to two additional days every payroll cycle. This new feature, called Payroll Boost, strengthens weekly liquidity without requiring any changes to payroll workflows and leverages information already collected by participating payroll providers, allowing the solution to scale efficiently across large client populations. The offering reflects Safe Harbor’s deep cannabis-sector expertise, including leadership with direct operator-side experience, ensuring the solution addresses the real cashflow pressures cannabis businesses face.","length":696,"tagName":"p","attribs":{}},{"type":"text","content":"New Growth Channels for Safe Harbor In addition to securing Canopy HR’s banking business, Safe Harbor and Canopy HR are coordinating efforts to introduce Payroll Boost to its new and existing clients. This integrated solution creat...