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XS Financial (CSE:XSF, OTCQB:XSHLF) announced participation in the Lytham Partners Fall 2021 Investor Conference on October 6-7, 2021, where management will hold 1x1 meetings with institutional investors. The company specializes in providing non-dilutive CAPEX financing solutions for the U.S. cannabis industry, focusing on equipment leasing. Founded in 2017, XS Financial has built a strong partnership network with over 150 OEMs, enhancing its competitive edge and creating recurring revenue streams. For more details, visit www.xsfinancial.com.
XS Financial Inc. has announced a definitive two-year credit agreement with the Garrington Group for a secured drawdown term loan of up to $15 million. This Credit Facility, bearing interest at Prime plus 8.5%, aims to finance additional equipment leases for cannabis companies. CEO David Kivitz stated that this facility enhances financial flexibility and positions XS Financial for long-term growth, showcasing improving fundamentals. The loans are secured and include customary financial covenants, maturing two years from the closing date.
XS Financial reported a strong Q2 2021, showcasing significant revenue growth and improved lease originations. Revenues surged to $0.6 million, up from $0.0 million in Q2 2020. The net loss narrowed to $0.5 million, compared to $0.9 million in the previous year. Funded leases increased by 492% to $11.9 million, and gross lease receivables grew by 113% to $26.0 million. Monthly recurring payments doubled, highlighting the company's effective financial strategies and customer base expansion.
XS Financial Inc. (OTCQB:XSHLF) plans to release its financial results for the second quarter ended June 30, 2021, on August 30, 2021. An earnings call will follow on August 31, 2021, at 08:00 a.m. Pacific (11:00 a.m. Eastern). XS Financial specializes in providing equipment leasing solutions to the U.S. cannabis industry and has partnered with over 150 OEMs. The unaudited financial statements will be available on SEDAR and the company’s website.
XS Financial Inc. (CSE:XSF, OTCQB:XSHLF) has successfully completed over $5.0 million in lease participations, bolstering its financing options in the cannabis sector. This achievement includes a $1.0 million syndication with Kadens Family Holdings, LLC, enhancing portfolio balance. COO Antony Radbod emphasized the potential for increased capital deployment and investor base expansion. Additionally, XS Financial has engaged Lytham Partners, LLC for a marketing contract to improve market awareness at a cost of $6,500 per month. The company specializes in non-dilutive CAPEX financing for cannabis companies.
XS Financial announced that CEO David Kivitz will present at the SNN Network Summer Virtual Event on August 18, 2021, from 1:30 PM to 2:00 PM (PT), and at the Gravitas Titans of Tech Investor Day on August 19, 2021, from 12:15 PM to 1:00 PM (PT). These events will connect institutional and retail investors with growth technology leaders. XS Financial specializes in providing financing solutions to U.S. cannabis companies, trading on the OTCQB under the symbol XSHLF.
XS Financial has announced an increase in its equipment lease facility with Ayr Wellness from $5.3 million to $21.4 million. This decision comes after Ayr Wellness fully utilized the original lease facility, drawing a total of $11.8 million across 21 lease schedules. The CFO of Ayr Wellness praised XS Financial for providing flexible and non-dilutive financing solutions that support their expansion. XS Financial continues to strengthen its partnership with Ayr as the cannabis operator grows its market presence.
XS Financial has announced a significant increase in its revolving credit facility, doubling it from $2 million to $4 million. This financing, secured with an FDIC insured bank, has a two-year term expiring in November 2022. The loans will bear interest rates starting from 8% or the Wall Street Journal Prime plus 4%. XS Financial plans to utilize these funds to enhance equipment leasing solutions for its cannabis industry clients. The move signals strong support from the bank and aligns with XS Financial's ongoing commitment to funding growth.
XS Financial has announced a lease agreement with a significant multi-state cannabis operator, allowing for equipment financing of up to $17 million, with an initial draw of $4.3 million. This financing aims to enhance the operator's cultivation and processing capabilities across various states. CEO David Kivitz expressed confidence in supporting the operator's growth through non-dilutive financing. XS Financial specializes in providing financing solutions to the U.S. cannabis industry and has built strong partnerships with OEMs to support its business model.
XS Financial Inc. is hosting an investor Zoom conference on June 29, 2021, at 10:00 am PST. The presentation will be led by CEO David Kivitz and COO Antony Radbod, who will provide important business updates. Participants will engage in an interactive Q&A session.
XS Financial specializes in providing non-dilutive CAPEX financing solutions to the U.S. cannabis industry, partnering with over 150 OEMs, ensuring recurring revenues and strong profit margins for its stakeholders.