AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Shf Holdings, Inc. shares surge 59.58% intraday after reporting $2.8 billion in monthly deposit activity and $249 billion in total deposits processed.
ByAinvest
Wednesday, Jul 9, 2025 3:50 pm ET1min read
Shf Holdings, Inc. surged 59.58% intraday, driven by the company's specialized financial technology banking services for legal cannabis businesses, including deposits, loans, ACH payments, and cash management, with an average of $280 million in deposit activity per month in 2024. The company has enhanced its technology platform and market reach through business restructuring in 2021 and the acquisition of Abaca on October 31, 2022, cumulatively processing $249 billion in deposit activity.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet