Safe Harbor Financial Welcomes Newly Active Board Member, Karl Racine, Nationally Renowned Former Washington, D.C. Attorney General - Seite 2

Mr. Racine previously served as the president of the bipartisan National Association of Attorneys General, which in 2022 awarded him and his team a sitting Attorney General’s highest honor: the Kelley-Wyman Award. He also served as the co-chair of the bipartisan Attorney General Alliance Association and co-chair of the Democratic Attorneys General Association. Mr. Racine has served as a board member for multiple non-profit organizations, including the Legal Aid Society of Washington and the Network for Victim Recovery of D.C.

Before being elected to public office, Mr. Racine had a highly successful career in private practice and government service, and became the first Black managing partner of a top 100 U.S. law firm. He also served as Associate White House Counsel during the Clinton Administration and as a D.C. Public Defender. Mr. Racine holds a Bachelor of Arts degree from the University of Pennsylvania and a Juris Doctor degree from the University of Virginia School of Law.

About Safe Harbor
Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Currently managing more than 1000 cannabis-related relationships, Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past seven years, Safe Harbor has facilitated more than $17 billion in deposit transactions for customers with operations spanning nearly 40 states and US territories with regulated cannabis markets. For more information, visit www.shfinancial.org.

Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking statements'' within the meaning of federal securities laws. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S and state laws, rules, regulations and guidance relating to Safe Harbor's services; Safe Harbor's growth prospects and Safe Harbor's market size; Safe Harbor's projected financial and operational performance, including relative to its competitors; new product and service offerings Safe Harbor may introduce in the future; the impact of recent volatility in the capital markets, which may adversely affect the price of the Company's securities; the outcome of any legal proceedings that may be instituted against Safe Harbor; other statements regarding Safe Harbor's expectations, hopes, beliefs, intentions or strategies regarding the future; and the other risk factors discussed in Safe Harbor's filings from time to time with the Securities and Exchange Commission. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "outlook," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject, are subject to risks and uncertainties. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of Safe Harbor), and other assumptions, that may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements.