Company says it believes it is well positioned to benefit from potential federal cannabis policy changes
Overview
US cannabis fintech platform's Q2 2026 revenue grew 4.8% yr/yr, driven by loan program income
Net loss for Q2 widened to $1.5 mln, affected by non-cash deemed dividend
Average deposit balances rose 6.8% yr/yr, reflecting enhanced marketing and customer-focused strategy
Result drivers and key details
Loan program income - Revenue growth was mainly driven by a 50.7% yr/yr increase in loan program income, reflecting the benefit of a revised commercial alliance agreement with Partner Colorado Credit Union.
Deposit growth - Average deposit balances rose 6.8% yr/yr, attributed to enhanced marketing and customer-focused initiatives.
Account fee decline - Account fee income fell 18.4% yr/yr, primarily due to lower revenue from a merchant service partner.
SHFS•
