DENVER, April 21, 2026 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Protected Harbor (the “Company” or “Safe Harbor”) (NASDAQ: SHFS), a number one fintech platform serving the banking, lending, and fiscal services and products wishes of the regulated hashish and hemp industries, nowadays introduced the release of the Protected Harbor Retirement Plan, a pooled employer 401(okay) plan designed in particular for state-legal hashish companies and the corporations that serve them.
The plan supplies get right of entry to to a large 401(okay) funding portfolio and makes use of collective funding trusts structured to enhance participation via cannabis-related companies inside of a framework this is meant to be compliant with acceptable regulations.
Fixing a Longstanding Marketplace Hole
Many conventional 401(okay) suppliers aren’t structured to enhance cannabis-related companies, developing uncertainty for employers and workers alike.
In some circumstances, hashish companies have skilled unexpected plan terminations or carrier disruptions with restricted realize. In sure eventualities, this can lead to early withdrawal consequences and tax implications for members, relying on particular person instances and acceptable laws.
The Protected Harbor Retirement Plan is designed to offer a tougher trail ahead for the workers and employers impacted via those problems. The plan is structured to enhance cannabis-related companies immediately, serving to cut back the chance of disruption and supporting long-term continuity for employers and workers.
Increasing The Protected Harbor Monetary Answers Platform
The Retirement Plan release represents a very powerful step in Protected Harbor’s persisted enlargement right into a broader monetary ideas platform for the hashish business.
Protected Harbor has constructed infrastructure to enhance the entire worker monetary lifecycle for hashish operators:
Worker Banking – Protected Harbor gives compliant banking ideas that give hashish workers get right of entry to to solid private banking services and products.
Payroll & HR – During the acquisition of 420 IT Answers and partnerships with cannabis-focused payroll suppliers, Protected Harbor helps core body of workers operations.
Retirement – The Protected Harbor Retirement Plan provides long-term financial savings infrastructure, extending enhance past daily operations into monetary steadiness for workers.
The plan is designed to enhance a variety of members. Operators with each hashish and non-cannabis companies can sign up workers throughout entities underneath a unmarried plan. Corporations that serve or put money into hashish companies might also take part, increasing get right of entry to to compliant retirement ideas.
The primary adopting member is our personal corporate, Protected Harbor.
“For years, cannabis operators have tried to offer retirement benefits to their employees while navigating uncertainty around plan stability,” stated Terry Mendez, CEO of Protected Harbor. “This solution is designed to provide a more consistent path forward. It reflects the same approach we’ve taken across banking and financial services, building infrastructure that aligns with the realities of this industry and supports the people behind it.”
This providing extends Protected Harbor’s broader platform of monetary ideas for the hashish business, supporting how companies financial institution, borrow, perform, and develop.
For multi-state operators, single-state operators, cultivators, producers, and shops managing worker bases throughout more than one jurisdictions, get right of entry to to compliant retirement infrastructure is turning into an an increasing number of vital a part of body of workers enhance and retention.
Additional info is to be had at https://shfinancial.org/retirement-solutions-401k.
About Protected HarborSafe Harbor is a cannabis-exclusive monetary platform handing over smarter banking, lending, bills and trade services and products adapted to how the hashish business in truth operates. As one of the most unique pioneers of compliant monetary operations enhance and hashish banking consulting within the U.S., Protected Harbor has facilitated greater than $35.4 billion in cannabis-related transactions throughout 41 states and territories. Thru its proprietary Hashish Banking Answers™ Platform and community of regulated monetary establishment companions, Protected Harbor empowers hashish operators to realize readability, keep watch over and self assurance of their monetary operations. From day by day banking to long-term enlargement, Protected Harbor supplies actual ideas and private enhance — constructed solely for hashish. Protected Harbor is a monetary generation corporate, now not a financial institution. Banking services and products are supplied via our spouse monetary establishments. For more info, talk over with shfinancial.org.
Cautionary Observation Referring to Ahead-Having a look Statements:Positive knowledge contained on this press unencumber might include “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Statements as opposed to statements of ancient information integrated herein might represent forward-looking statements and aren’t promises of long run efficiency or effects and contain numerous dangers and uncertainties. Ahead-looking statements might come with, however aren’t restricted to, statements with recognize to Protected Harbor’s talent to meet the desired prerequisites to make use of its fairness line of credit score (the “ELOC”); marketplace prerequisites that can have an effect on Protected Harbor’s talent to get right of entry to the ELOC on applicable phrases or in any respect; the chance that the ELOC will not be absolutely applied; anticipated use of proceeds from the ELOC; tendencies within the hashish business, together with proposed adjustments in U.S and state regulations, regulations, laws and steering when it comes to Protected Harbor’s services and products; Protected Harbor’s enlargement possibilities and Protected Harbor’s marketplace measurement; Protected Harbor’s projected monetary and operational efficiency, together with relative to its competition and ancient efficiency; luck or viability of recent product and repair choices Protected Harbor has presented or might introduce sooner or later; the have an effect on volatility within the capital markets, which might adversely have an effect on the cost of Protected Harbor’s securities; the result of any authorized complaints which have been or could also be introduced via or towards Protected Harbor; and different statements relating to Protected Harbor’s expectancies, hopes, ideals, intentions or methods in regards to the long run. As well as, any statements that seek advice from projections, forecasts or different characterizations of long run occasions or instances, together with any underlying assumptions, are forward-looking statements. The phrases “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and equivalent expressions might determine forward-looking statements, however the absence of those phrases does now not imply {that a} commentary isn’t forward-looking. Ahead-looking statements are predictions, projections and different statements about long run occasions which can be in accordance with present expectancies and assumptions and, in consequence, are matter to dangers and uncertainties. Precise effects might range materially from the ones within the forward-looking statements on account of numerous elements, together with the ones described every so often in Protected Harbor’s filings with the U.S. Securities and Trade Fee. Protected Harbor undertakes no accountability to replace any forward-looking commentary made herein. All forward-looking statements discuss simplest as of the date of this press unencumber.
