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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.
XS Financial will present at The Roth Conference on March 15, 2022, at 1:40 PM PST. The CEO, David Kivitz, will be addressing attendees and participating in 1-on-1 meetings with analysts and investors. The event includes various discussions and presentations from around 400 companies in growth sectors like Blockchain, Health & Wellness, and Technology. XS Financial specializes in providing non-dilutive CAPEX financing solutions to the US cannabis industry, partnering with over 150 manufacturers to deliver competitive financing options.
XS Financial (CSE:XSF, OTCQB:XSHLF) has entered a lease agreement providing a $1 million equipment lease facility to a leading multi-state operator in the U.S. cannabis sector. The lease comes with terms of up to 60 months and aims to support the operator's expansion of processing facilities across multiple states. CEO David Kivitz expressed enthusiasm about this partnership, highlighting the operator's significant growth and position in limited license markets. XS Financial specializes in offering non-dilutive CAPEX financing solutions for the cannabis industry.
XS Financial Inc. has entered into a $7 million equipment lease agreement with LivWell Enlightened Health, a cannabis operator with a strong presence in Colorado and Michigan. This lease will assist LivWell in expanding its cultivation, manufacturing, and processing capabilities. Both companies express satisfaction with the collaboration, highlighting it as a professional and seamless process. XS Financial aims to support LivWell's growth through this financial facility, reinforcing its role as a key financing partner in the cannabis sector.
XS Financial Inc. (XSHLF) announced a record year for 2021, achieving a remarkable 420% increase in closed lease transactions totaling $34.3 million. The company also secured $106.3 million in new commitments, a 549% rise, positioning it for strong growth in 2022. Fundraising efforts were robust, with $76.3 million raised, facilitating further expansion. Active leases increased significantly, indicating a growing customer base and potential revenue streams in the cannabis financing sector.
XS Financial Inc. reported a remarkable 502% year-over-year revenue increase, reaching $1.0 million in Q3/21, up from $0.2 million in Q3/20. This surge was attributed to 45 new financing leases across six customers. The company closed $15.0 million in credit facilities, enhancing financial stability. Monthly recurring payments and gross lease receivables also soared, with respective increases of 69% and 49%. Despite these achievements, a net loss of $(628,546) was reported for Q3/21, slightly improved from $(877,831) in Q3/20.
XS Financial Inc. (CSE:XSF, OTCQB:XSHLF) will participate in Cowen's 4th Annual Cannabis Conference from November 29 to December 1, 2021, conducting 1x1 meetings with institutional investors.
The Company will release its Q3 2021 financial results on November 29, 2021, followed by a conference call at 1:30 PM PT. The earnings call aims to review financial metrics and performance.
XS Financial focuses on non-dilutive financing solutions for the U.S. cannabis sector, partnering with over 150 original equipment manufacturers.
XS Financial Inc. has appointed Andrew Mitchell from Marblegate Asset Management to its Board of Directors, enhancing its governance and industry expertise. CEO David Kivitz emphasized that this addition strengthens the Company’s focus on CAPEX financing within the cannabis sector. The Board now has an independent majority, promoting transparency and oversight. Established in 2017, XS Financial specializes in non-dilutive CAPEX financing solutions for U.S. cannabis companies, partnering with over 150 OEMs, ensuring recurring revenues and strong profit margins.
XS Financial has successfully completed a private placement of unsecured convertible notes, raising US$43.5 million. The financing, led by a large institutional investor, will primarily support capital expenditure financing for U.S. cannabis operators. US$33.5 million is funded at closing, with US$10 million available until June 30, 2022. XS Financial's pipeline exceeds US$100 million in CAPEX financing demand. Interest on the notes accrues at rates of 9.5% and 8% upon a potential NASDAQ listing. The proceeds will enhance XS Financial's capacity to support growing customer needs in the cannabis sector.
XS Financial Inc. has announced a proposed private placement of unsecured convertible notes totaling up to US$43.5 million. The offering includes US$33.5 million funded at closing and US$10 million available until June 30, 2022. Each US$2.00 principal of notes will come with a share purchase warrant to acquire subordinate voting shares at CAD$0.45. Interest on the notes will be 9.50% per annum, with possible adjustments based on future NASDAQ listing. The offering is subject to closing conditions and is set to close around October 28, 2021.
XS Financial has partnered with urban-gro to offer CAPEX leasing solutions to the cannabis sector. This strategic alliance will provide urban-gro's customers with financing options while enhancing XS Financial's reach within the indoor CEA market. With a solid track record in financing for cannabis operators, both companies aim to improve clients' purchasing power and streamline supply chains. XS Financial continues expanding its capital markets access, having syndicated over $5.7M USD of existing leases.
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