Welcome to our dedicated page for Xs Financial news (Ticker: XSHLF), a resource for investors and traders seeking the latest updates and insights on Xs Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Xs Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Xs Financial's position in the market.
XS Financial Inc. has announced a private placement to raise up to C$2.5 million, potentially increasing to C$2.875 million with an over-allotment option. Each unit will consist of subordinate voting shares and warrants. The offering, co-led by Gravitas Securities and Canaccord Genuity, is expected to close around March 1, 2021. The company's gross lease receivables rose from $3.84 million in September 2020 to $10.91 million in January 2021. CEO David Kivitz emphasized the company’s commitment to supporting the cannabis sector with expanded funding opportunities.
XS Financial announces participation in the Lytham Partners End of Year 1x1 Conference from December 7-11, 2020. The company specializes in equipment leasing for cannabis and hemp sectors in the U.S. CEO David Kivitz and COO Antony Radbod will connect with institutional investors through virtual meetings. This conference aims to enhance communication regarding positioning and strategies for 2021. XS Financial's operations include consulting services and partnerships with equipment manufacturers, promoting a proven business model and strong profit margins.
XS Financial Inc. announced the issuance of 736,002 subordinate voting shares at a price of $0.1875 per share, aimed at settling outstanding debt to its management and Board of Directors. The shares will be subject to a statutory hold period until April 8, 2021. XS Financial, founded in 2017, specializes in equipment leasing for the cannabis and hemp sectors in the U.S., providing a full range of consulting services. This approach generates recurring revenues and strong profit margins for stakeholders.
XS Financial reported a strong performance in Q3 2020, with revenues soaring 482% to $3,858,329 year-over-year, driven by new leases and equipment sales. Monthly recurring revenue increased by 187% to $164,076, leading to a positive adjusted EBITDA of $44,910. Despite a net loss of $819,926, the company improved gross profit, which reached $76,053. Post-quarter highlights include $10 million in leasing agreements with prominent cannabis operators and a $2 million credit facility enhancing financial flexibility.
XS Financial Inc. has closed a US$2 million senior secured revolving credit facility with an FDIC insured bank. This facility, expiring in November 2022, offers loans at an interest rate of at least 8.0% per annum. The funds will support equipment leases for cannabis companies. COO Antony Radbod emphasized that this facility enhances financial flexibility and positions XS Financial for long-term growth, reflecting the positive shift in the cannabis industry.
XS Financial Inc. has announced a new equipment lease agreement with a large multi-state cannabis operator worth up to $5.0 million. The financing can be drawn in multiple tranches and features a 48-month term. The customer has already accessed $419,000 of this facility for equipment deployed in Nevada and Massachusetts. XS Financial specializes in equipment leasing for cannabis and hemp companies, providing comprehensive solutions aimed at supporting growth in attractive markets.
XS Financial will participate in the virtual Gravitas Technology and Diversified Investor Day on October 15, 2020. CEO David Kivitz is set to present at 12:30 PM EST, discussing the company’s growth strategy, bolstered by new leasing agreements and the acquisition of a California lenders license. The event aims to connect institutional and retail investors with key industry leaders. For more details, visit Gravitas Securities.
XS Financial Inc. has entered a lease agreement with Skymint Brands, Michigan's leading cannabis operator, offering a $5.0 million equipment lease facility. The agreement supports Skymint's growth and operations, enabling access to critical equipment. This collaboration emphasizes XS Financial's strategy to partner with top cannabis operators. Both companies foresee a beneficial long-term relationship. Founded in 2017, XS Financial specializes in equipment leasing for the cannabis sector, focusing on delivering scalable solutions and consulting services.