SHF, LLC d/b/a/ Safe Harbor Financial, a leading financial services provider to the cannabis industry, closed a $5 million senior secured loan to Solar Cannabis Co., an established vertically-integrated cannabis operator headquartered in Somerset, Massachusetts. Solar Cannabis will use the funds to further accelerate its growth.
This transaction marks the evolution of Safe Harbor's senior secured lending program, which was established to provide loans to cannabis operators in states in which cannabis is legal. Solar Cannabis' loan is the first extended by Safe Harbor outside of its home state of Colorado. The terms of the loan were not disclosed.
