SHF Holdings shares surge 11.11% intraday after Safe Harbor announces new payroll cashflow solution and major banking partnership with Canopy HR.

SHF Holdings, Inc. (SHFS) surged 11.11% intraday following the announcement that Safe Harbor Financial, its subsidiary, launched a new payroll cashflow solution and secured a major banking partnership with Canopy HR. The move signals expanded financial services for cannabis operators, addressing industry-specific compliance challenges and enhancing capital access. Recent news of Safe Harbor regaining Nasdaq compliance and raising $6.8 million in new capital further bolstered investor confidence. These developments align with the company’s strategy to strengthen its position in the cannabis banking sector, directly correlating with the sharp intraday rally.