shares of shf holdings inc shot up by more than 18 after the company which facilitates financial services for the regulated cannabis industry said it reached a deal to resolve deferred payments to its largest shareholder the stock climbed to 56 cents a share in premarket trading over the past 12 months the stock is down more than 95 shf which does business as safe harbor financial said it has settled about 647 million in deferred payable owed to partner colorado credit union the companys largest stockholder safe harbor said it has agreed to exchange the payment obligations for a fiveyear 145 million senior secured note bearing a 425 annual interest rate and issuance of 112 million shares of class a common stock in the company safe harbor chief executive sundie seefried said the deal reflects confidence in safe harbors ability to execute on its longterm growth plans the company is expected to report financial results for the fourth quarter on thursday afternoon write to will feuer at willfeuerwsjcom