Financial Lifeline: Safe Harbor Partners with Colorado Credit Union to Restructure Debt
Safe Harbor Financial Secures Pivotal Debt Modification, Unlocking Over $6 Million in Cash Flow
GOLDEN, Colorado - Safe Harbor Financial (Nasdaq: SHFS), a pioneering fintech company specializing in financial services for the regulated cannabis industry, has announced a strategic debt restructuring with Partner Colorado Credit Union that promises significant financial flexibility.
The newly negotiated agreement provides the company with enhanced cash flow and an extended repayment timeline, pushing the due date to October 2030. This modification represents a critical milestone for Safe Harbor, demonstrating the company's proactive approach to financial management and its strong relationship with lending partners.
By successfully renegotiating the terms of the existing note, Safe Harbor Financial has not only secured immediate financial breathing room but also positioned itself for continued growth in the dynamic cannabis financial services sector.
The debt modification is expected to provide the company with over $6 million in additional cash flow, reinforcing Safe Harbor's commitment to maintaining robust financial health and supporting its strategic initiatives.