Reddit Posts
Anyone looking into $SHFS?
$SHFS-This is a gamma squeeze setting! let us go!
What do you think about SHFS? They didn't have such bad finances and maybe there is potential. The only question is how much shorts will push it down.
SHFS Stock: A Penny Stock with Potential in the Legal Cannabis Industry
SHFS Stock: When the Analysts Say It's Going to Moon, and it Actually Does 🚀💰
SHFS Stock Forecast: Can Q1 Reports Bring a 700% Increase in Share Price?
SHFS Price target 10,5$ It doesn't need very high volume for it to go up. You can keep it on the watch list and buy at the right time.
Understanding the Safe Harbor Financial Forward Purchase Agreements and Public Float - SHFS SHFSW
Mentions
$SHFS my main play now super overshorted to squeeze IMO ... I had $CGC holding half .
Your DD is just a bunch vague statements. SHFS is a fucking bank that once was one of the few banks that cannabis operators used, now it's one of many. Their business is failing. Good luck but this is a bad play.
After SHFS was up 300% after hours I’m just gonna set a limit order for 1k TLRY shares for premarket and let this meme ride til 4.20
The rapture for the civil war losing devils lettuce people is weed getting reclassified SHFS up 300% and TLRY gonna hot 4.20
When TLRY booms I want absolutely all of the credit. SHFS up 300%, weed reclassification prolly coming soon
WTF is going on with SHFS? Did weed just become legal federally or what
agree. I check out the gainers on the fidelity app. i try not to fomo into anything before 10am pst. but today i did with SHFS
after this morning's devestating ghost loss of 10k from SUNE, i put in for 10 shares of SHFS to make myself feel better. it didnt work lol
SHFS up 75% involved in weed business
SHFS what the hell? I keep thinking about getting in then I go "wait its not even 7am yet" So I will wait and see how much that changes this stock.
$SHFS is a prime buyout candidate right now and trading well below book & cashflow. Just hired a CEO and COO who are deal specialists. This is one is going to sell soon and should bring with it a nice payout.
Who else likes [SHFS](https://shfinancial.org/)?
I feel like I saw someone post here recently talking about Bright Green (BGXX) and how it is a scam. That doesn't make sense, but I'm no professional. Can someone explain why this company is (or isn't) worth attention? What about Safe Harbor Financial (SHFS) or Blue Diamond (BLDV)? WeedMaps (MAPS)? I know Grown Rogue (GRUSF/GRIN) is a winner, though I rarely see it spoken of here. I don't intend to leave this post up very long, I'm just curious why none of these names (be they quality or terrible) are discussed. Is that intentional?
[SHFS up nice on about 4 X avg. volume. ](https://finance.yahoo.com/news/safe-harbor-financial-successfully-exits-120000524.html) [Collected on a loan thought to be in default plus interest. ](https://finance.yahoo.com/news/safe-harbor-financial-successfully-exits-120000524.html)
TLDR GOLDEN, Colo., June 05, 2024 (GLOBE NEWSWIRE) -- **SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS)**, a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today the formal launch of its new small business line of credit program with the origination of new loans to three Colorado-based operators which are long-standing clients of Safe Harbor. “We’re pleased to be able to offer our longstanding clients access to lines of credit at reasonable terms, an opportunity that is often not readily available to cannabis businesses,” said Sundie Seefried, Chief Executive Officer of Safe Harbor Financial. “Over the past two years, we have recognized increasing demand from small and mid-sized cannabis businesses as they are largely ignored by traditional financial institutions – even those that are currently lending to larger cannabis operators. The launch of our Small Business Line of Credit Program underscores our commitment to supporting the capital needs of the entire cannabis ecosystem and further expands the suite of offerings available on our lending platform.”
Banking is big issue for the industry. And it will remain an issue after legalization because the black market suppliers cannot legally be banked and the black market won't dissapear (as Canada has shown). Check out Safe Harbor Financial (SHFS).
I ended up selling my SHFS a couple of months ago. I feel like once big banks are in the game they'll be obsolete
Does anyone think $SHFS will benefit from S3 or SAFE? Feel like most would go with a regular bank or something.
Fin services sector [getting bear pawed](https://finance.yahoo.com/losers/). SHFS is a Fin but also sort of a Weedstock.
Does anyone know why $SHFS is dragging? Short sellers or something else happen that I can't seem to find?
Would you consider SHFS and NLCP weedstocks? ^((I do)) ^(Those charts from Nov. through the New Year aren't too sad. What do you think?)
Who has anything to say about SHFS ? ^(Other than it's up more than) ~~^(14%)~~ ^(17% on apron. 4X average volume (948,498))
I've been really liking $SHFS easily can see them pushing past that $1 mark
Ban bet SHFS to $4.00 by 10/30
cannabisdespac $SHFS blasting off. alerted here at 0.5
$SHFS Over 63 cents a 6month high close. Cannabis banking play.
I think $SHFS might do something soon. Has not run up so much compared to the other cannabis plays but might massively profit from the legalization.
SHFS tons of insider buying this week!
SHFS. Especially if it drops near to .30
Could these banks be margin calling SHFS MM and this is their response?
LASE - erupted today on news from GE buy order and ER Thursday (3/30) morning, where it’s expected to nearly quadruple revenue from 2021. Others — OXY, SHFS (earnings 3/30 as well)
I like $SHFS. Probably One of the few profitable penny stocks.
SHFS, cash flow positive and under the radar. Cannabis freight solutions and trading under $1. Holding lows with no volume. Sold TRKA in PM watching for .22-.25 re entry.
Deader than dead this board. Looking into following finance despacs for a bounce SHFS(cannabis banking, under 1$ play). BMTX(buyback of 10M, high PTs, low market cap)
I saw it in a dream u/wesburr12 Also, because SHF Holdings (SHFS) is a company that's here to help the legal marijuana industry with their banking needs. They have a special system that can provide a variety of banking services. And since the market for marijuana is expected to grow a lot in the future, this stock may be worth keeping an eye on.
You are correct, there is noting much to do, had sold TSLA, NVDA plus a few others some time ago and not touching then till market gets steady and so far there is no sign of it. In regards to scalping, we all can have our opinions, I will not waste my time on markets and social media if there was zero play available. Bought SHFS 555 $5.55 and sold this yesterday at 11.11- it topped $13 but profit is profit- Sold this mofo at 2.77 and it topped $3 plus still going- LITM 2,222 $1.68 Greed and Reddit hype was killing me.
Good to hear from you, been long time. What is you take on APRN and ATER? Not good for scalping yet? I am still hard on FingerMotion and GTII for the last 3 weeks. Swing trading and taking profits plus piling more as we go for a hopeful squeeze of 2022. SHFS was the best quick hit yesterday. Most of the shit is pump and dump these day in this rut market. Good luck in trading.
I mean you say this because SHFS popped today, but it's much harder to trade these and they tend to have very fast spikes. With GETY there was a lot of time above $30. Also don't forget SHFS went to $5 before the super 8-K. There's been several that went nowhere and went straight to $1, look up CMRA. Low float spacs without options aren't that rare anymore. Btw super 8-K should be due today for THCH, there won't be any movement before it's out.
Folks who are in SHFS, keep calm and stay hydrated.
SHFS also halted just now. It's a spac day today.
SHFS up 103% to more than NAV And here I was so proud of my 5.25-8.4 sell. Such is life.
Thanks for whomever talked about SHFS yesterday. Had only 400 shares though :(
The TL:DR version: There are about 122,000 shares in retail (probably) shareholders hands. There are 3,804,872 in the hands of FPA buyers. Those 3.8 million FPA shares are freely tradeable, and can ( and likely will ) be sold when the price of SHFS gets above a certain price. That certain price is $10.33, although it looks like it might be as low as $8 to $9 per share ( rough guesstimate ), based on the terms of the FPA and the volume weighted average price of SHFS from September 19 through September 30. **So if SHFS gets above $10.33 ( or maybe above $9 ), then the float is more like 3.9 million shares instead of 122,000 shares**. All of the links to relevant filings were included so others could check, but that's what it looks like upon reading the filings.
Not so sure about that. It looks like it would be more accurate to say the float is about 122,000 shares until/unless the price of SHFS is above $10.33 (this month). From [today's 8-K](https://www.sec.gov/Archives/edgar/data/0001854963/000149315222027592/form8-k.htm): "the Company’s **public stockholders own 3,926,598 shares of the Company’s Class A Common Stock**, which represents approximately 21.0% of the voting power of the Company (**up to 3,804,872 of which are held by the purchasers under that certain forward purchase agreement** dated June 16, 2022 by and among the Company and such purchasers). So \~ 122,000 shares are held by the public, and 3.8 held by Midtown East, Verdun, and Vellar, the Forward Purchase Agreement buyers: "[As of June 22, 2022](https://www.sec.gov/Archives/edgar/data/0001854963/000149315222017904/form8-k.htm), the Company has received redemption requests for 11,416,205 shares of Class A Stock in connection with the Business Combination. As of June 27, 2022, **Midtown East had purchased an aggregate of 1,599,496 shares of Class A Stock, Verdun had purchased an aggregate of 1,180,376 shares of Class A Stock, and Vellar had purchased an aggregate of 1,025,000 shares of Class A Stock** (the “Purchased Shares”) in the Forward Purchase Transaction **at an average purchase price per share of $10.21**. 630,736 of the Purchased Shares were purchased from a holder of 5% or more of the Class A Stock. Pursuant to the Forward Purchase Agreement, Midtown East, Verdun, and Vellar have waived all redemption rights under the Certificate of Incorporation that would require redemption by the Company of the Purchased Shares." **The Forward Purchase shares can be sold at any time,** so they should be part of the float; although they would likely not be sold ***this month*** unless the price of SHFS is > $10.33 ( the redemption price per share ) : "[The Forward Purchase Agreement provides](https://www.sec.gov/Archives/edgar/data/1854963/000149315222017058/form8-k.htm) that (a) one business day following the closing of the Business Combination, **the Company will pay to Midtown East, out of the funds held in the Company’s trust account**, an amount (the “Prepayment Amount”) **equal to the Redemption Price per share** (the “Initial Price”) multiplied by the aggregate number of Subject Shares and Additional Shares (as defined in the Forward Purchase Agreement), if any (together, the “Number of Shares”), on the date of such prepayment, (b) on the first business day of each calendar quarter after the closing of the Business Combination, the Company will pay to Midtown Madison Management LLC a structuring fee in the amount of $5,000 per quarter and (c) on the date occurring one settlement cycle following the valuation date (which shall occur on the earlier of (i) the third anniversary of the closing of the Business Combination and (ii) the date specified by Midtown East in a written notice (not earlier than the day such notice is effective) that, during any 30 consecutive scheduled trading day-period following the closing of the Business Combination, the volume weighted average trading price per share for 20 scheduled trading days during such period shall have been less than $3.00 per share, Midtown East shall deliver to the Company the Number of Shares less any Terminated Shares, as described below. **From time to time and on any scheduled trading day after the closing of the Business Combination, Midtown East may sell Subject Shares** or Additional Shares (or any other shares of common stock or other securities of the Company) **at its absolute discretion in one or more transactions, publicly or privately, and, in connection with such sales, terminate the Forward Purchase Transaction in whole or in part in an amount corresponding to the number of Subject Shares or Additional Shares sold** (the “Terminated Shares”). At the end of each calendar month during which any such early termination occurs, Midtown East will pay to the Company an amount equal to the product of (x) the number of shares terminated during such calendar month and (y) the Reset Price, where “Reset Price” refers to, initially, the Redemption Price. **The Reset Price will be adjusted on the first scheduled trading day** (as defined in the Forward Purchase Agreement) **of each month commencing on the first calendar month following the closing of the Business Combination** to be ***the lowest of*** (a) **the then-current Reset Price**, (b) **$10.00** and (c) **the VWAP Price (as defined in the Forward Purchase Agreement) of the last ten (10) scheduled trading days of the prior calendar month, but not lower than $5.00**; provided, however, that if the Company offers and sells shares of Class A Common Stock in a follow-on offering, or series of related offerings, at a price lower than, or upon any conversion or exchange price of currently outstanding or future issuances of any securities convertible or exchangeable for shares of Class A Common Stock being equal to a price lower than, the then-current Reset Price (the “Offering Price”), then the Reset Price shall be further reduced to equal the Offering Price." So, it looks like next month, for example if the VWAP price of SHFS is $6 for the last 10 days of October, the FPA buyers can sell their shares for $6 or more in November, pay $6 per share to SHFS, and keep the $4.33 difference between the redemption price and that $6 VWAP.
SHFS up 76% afterhours. Something about a 100K float?
SHFS has gone vertical... looks like there was only 100k float?
Yeah but that would have required research and reading SEC filings and not just blindly trusting a comment on r/SPACs. But yeah your "Doesn't SHFS have an FPA? If so, people are going to get dumped on." was spot on.
And sure enough FPA dumped on retail in SHFS
Doesn't SHFS have an FPA? If so, people are going to get dumped on.
we picked the wrong one again SHFS up 86% premarket.