XS FINANCIAL INC VOTING - XSHLF STOCK NEWS

XS Financial reported a record annual revenue of $7.6 million for the year ending December 31, 2022, marking a significant 140% increase compared to $3.2 million in 2021. In Q4 2022, the company achieved $2.5 million in revenue, up 115% from $1.2 million in Q4 2021. The net income for Q4 2022 improved substantially to $1.4 million, reversing a loss of $1.5 million in the same quarter last year. XS Financial added 113 new lease schedules with notable cannabis clients, totaling around $68 million in closed lease transactions. Despite these successes, the company acknowledged a slowdown in the cannabis sector, prompting plans to explore opportunities in other industries to drive growth further.

XS Financial Inc. (CSE:XSF, OTCQB:XSHLF) will release its financial results for the year ended December 31, 2022, on April 25, 2023, after market close. An earnings call is scheduled for the same day at 1:30 p.m. Pacific (4:30 p.m. Eastern) to discuss these results. The audited consolidated financial statements and management's analysis will be accessible on SEDAR and XS Financial's website. Founded in 2017, XS Financial specializes in CAPEX financing solutions for the cannabis industry, working with over 250 OEM partners to generate recurring revenues and strong profit margins. The company aims to provide robust financial performance and has established a proven business model that benefits stakeholders.

XS Financial Inc. has appointed Justin Vuong as Chief Financial Officer (CFO), effective June 1, 2023, succeeding Stephen Christoffersen, who will continue as a board member and Audit Chair. Vuong has been with the company since 2018 as Senior VP of Corporate Development, contributing to financial strategy and capital raising efforts. He brings over a decade of finance experience from investment banking roles. CEO David Kivitz commended Vuong's promotion, emphasizing his integral role in the company's growth.

Founded in 2017, XS Financial specializes in CAPEX financing solutions for U.S. cannabis companies, fostering numerous partnerships and a proven business model.

XS Financial Inc. (CSE:XSF) announced the voluntary cancellation of 25,023,888 stock options held by officers, directors, and employees, with no compensation provided. CEO David Kivitz noted that this action comes as the company's stock price has not reflected its improving fundamentals. This cancellation, combined with the expiration of 50,667,531 warrants in March 2023, has significantly improved the company’s capitalization table for stakeholders. Established in 2017, XS Financial offers CAPEX financing to cannabis businesses in the U.S. and collaborates with over 250 OEMs to enhance its offerings.

XS Financial Inc. (CSE:XSF) announced the issuance of 6,187,391 subordinate voting options and 28,335 proportionate voting options, under its Omnibus Securities Compensation Plan. Each option is exercisable at $0.07 CAD for a term of 10 years. The company specializes in CAPEX and equipment financing solutions for cannabis companies in the United States, maintaining partnerships with over 250 original equipment manufacturers. XS Financial aims to drive recurring revenues and strong profit margins through its comprehensive service offering in the cannabis sector.

XS Financial Inc. (OTCQB:XSHLF) reported a record year in 2022, completing $68 million in new lease transactions, marking a 167% year-over-year increase. The company secured $147.4 million in new commitments, a 36% increase, enhancing its funding capabilities. XS Financial retired a higher-cost credit line with a new $39 million line of credit, reducing borrowing costs and achieving positive Net Distributable Earnings for the first time in Q3 2022. The company anticipates more growth in 2023, driven by increasing commitments and a robust demand pipeline for its financing products.

XS Financial Inc. (OTCQB:XSHLF) has entered into an $8 million lease facility with Aeriz Holdings Corp., a leading aeroponic cannabis cultivator operating in California, Arizona, and Illinois. This facility will provide Aeriz with financing options for equipment purchases, aligning with XS Financial's focus on CAPEX financing solutions for the cannabis industry. The partnership underscores the growing trend among cannabis operators to opt for leasing over outright purchases, thereby facilitating operational growth through manageable payments. XS Financial continues to support high-quality operators in the sector with its expertise and extensive partnerships.

XS Financial Inc. has secured a $50M CAPEX lease agreement with Curaleaf Holdings Inc., allowing for an immediate drawdown of approximately $10M for equipment purchases. This agreement supports Curaleaf's expansion across 21 states, where it operates 145 dispensaries and 29 cultivation sites. XS Financial specializes in providing financing solutions to cannabis companies, benefiting from a network of over 250 OEM partnerships. The company aims to deliver significant financing solutions within the cannabis industry.