SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, a provider of financial services and credit solutions for the cannabis industry, announced its financial results Wednesday for the second quarter and six months ended June 30, 2024. Q2 2024 Financial Highlights Revenue was $4 million, compared to $4.6 million for the second quarter of 2023. Net Income increased to $0.9 million, from a net loss of $17.6 million in the same period of 2023. Adjusted EBITDA increased 14.5% to $0.97 million, compared to $0.85 million for the same quarter last year. Gross profit was not included in the report. Net Income Rises Despite Lower Revenue Despite the lower revenue, Safe Harbor's robust net income recovery was accomplished primarily due to a sharp reduction in operating expenses, which dropped to $3.7 million from $22.5 million in the prior year, reflecting a decline in non-recurring impairment ...