SHF Holdings Stock Soars 38% On Launch Of Cannabis Banking Program

(RTTNews) - SHF Holdings, Inc. (SHFS) surged 38.61 percent to $3.36 on Tuesday, adding $0.95 after announcing the launch of its Fully Managed Cannabis Banking Program, billed as the industry's first complete operational and compliance outsourcing solution for financial institutions. The news precedes CEO Terry Mendez's appearance at the PBC Conference 2025, where he will discuss the future of cannabis banking.

The stock opened at $3.76 and traded between $3.21 and $4.29, compared with a previous close of $2.41. Trading volume spiked to 39.75 million shares, far exceeding the average of just 61,540.

SHF shares remain well below their 52-week high of $13.00 but have rebounded from the low of $1.84, driven by optimism over its new banking program.