Welcome to our dedicated page for XS FINANCIAL VOTING news (Ticker: XSHLF), a resource for investors and traders seeking the latest updates and insights on XS FINANCIAL VOTING stock.
XS Financial Inc. (XSHLF) is a specialty finance company that offers CAPEX and equipment financing solutions to cannabis businesses in the US. Established in 2017, XS Financial has reported record annual revenue of $11.7M and net distributable earnings of $0.4M in 2023. Led by CEO David Kivitz, the company focuses on expanding its customer base, improving operational efficiencies, and optimizing its balance sheet. With over 250 OEM partnerships, XS Financial provides end-to-end financing solutions to its clients, resulting in recurring revenues and strong profit margins.
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XS Financial Inc. announces $15 million line of credit with bank lenders
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XS Financial completes repurchase and cancellation of unsecured convertible notes, positive for stock price
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XS Financial Inc. proposes to repurchase and cancel certain unsecured convertible notes, including one Note in the principal amount of US$2,584,964, for a cash payment of US$2,326,468. The Note Repurchase is expected to be effected on or about August 30, 2023. The company also corrects certain disclosure in a previous press release concerning amendments to the Notes.
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XS Financial Inc. reports record quarterly revenue of $3.0M, an 80% YoY increase. Gross lease receivables increase by 56% YoY. Net distributable earnings improve by 83% YoY. 21 new lease schedules closed totaling $6.0M. CEO focuses on expanding customer base and increasing efficiencies. Net loss for Q2 2023 is $1.7M compared to $3.6M in Q2 2022. Net distributable earnings improve by 83% YoY to $(203k) in Q2 2023. The Company is in discussions for a proposed restructuring of unsecured convertible notes.
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XS Financial Inc. will report its financial results for the quarter ended June 31, 2023, on August 28, 2023. The unaudited financial statements and management's discussion and analysis will be available on SEDAR and the company's website. A conference call and webcast will be held to review the financial results.
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XS Financial Inc. has entered into a new lease agreement worth $7.6 million with PharmaCann Inc. The lease will support PharmaCann's growth plans in its eight-state footprint. This transaction demonstrates XS Financial's commitment to the cannabis industry and its dedication to supporting top-tier operators.
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FAQ
What is the current stock price of XS FINANCIAL VOTING (XSHLF)?
The current stock price of XS FINANCIAL VOTING (XSHLF) is $0.038875 as of September 30, 2024.
What is the market cap of XS FINANCIAL VOTING (XSHLF)?
The market cap of XS FINANCIAL VOTING (XSHLF) is approximately 3.0M.
When was XS Financial Inc. established?
XS Financial Inc. was founded in 2017.
What are the core services offered by XS Financial Inc.?
XS Financial Inc. specializes in providing CAPEX and equipment financing solutions to cannabis businesses in the United States.
Who is the CEO of XS Financial Inc.?
David Kivitz serves as the CEO of XS Financial Inc.
How many OEM partnerships does XS Financial Inc. have?
XS Financial Inc. has partnered with over 250 original equipment manufacturers (OEMs) through its Preferred Vendor partnerships.
What were the financial highlights for XS Financial Inc. in 2023?
XS Financial Inc. reported record annual revenue of $11.7M and net distributable earnings of $0.4M in 2023.
XS FINANCIAL INC VOTING