This could be interesting if the debt situation is resolved. It is a contractual payment, SHF Holdings had only $7 million cash at the end of Q3 and doesn’t generate much cash flow. It was spun out of Partner Colorado Credit Union, which holds $56.9 million of its debt now, though it’s not debt. Rather, it facilitates access to banks for cannabis companies. I shared an article with my subscribers at 420 Investor at the end of November, when the stock was trading near $4, that the limited analyst coverage and the poor chart at the time left me not wanting to add it to the Focus List. SHF Holdings, which was initially known as Safe Harbor Financial, has collapsed. I don’t include two of the stocks we are discussing today on my Focus List of 27 stocks, but these three relatively new SPACs could be of interest. Today, we want to weigh in on a few of these given the large price declines. One company, Akerna, is even exiting the cannabis space.

That name that has rallied is the only one above $1. One name has rallied, but the rest are down at least 54%. The average of these SPACs, which includes SHF Holdings, which was excluded from the prior article, is -62%, a much bigger decline than the market’s loss. The collapse since then has been huge, with many of the stocks we discussed plunging more than the 42.2% decline in the New Cannabis Ventures Global Cannabis Stock Index. It’s been almost seven months since we weighed in on the topic of SPACs, suggesting that some were becoming interesting. Subscribe to receive our free weekly newsletter in your inbox each Sunday morning.

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