XS Financial Announces Refiled Annual Statements
Rhea-AI Summary
XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF), a leading equipment finance company for the U.S. cannabis industry, has refiled its annual financial statements and MD&A for the fiscal year ended December 31, 2023. This refiling follows the company's recent change of auditors from Urish Popeck & Co., to Link-It Accounting and Financial Services Inc., effective July 5th, 2024. The 2023 Financial Statements have been reaudited by the new auditor. Importantly, XS Financial has stated that the Refiled Statements and MD&A do not contain any material changes. These documents are now available on SEDAR+ for public access.
Positive
- No material changes in the refiled financial statements
- Smooth transition to new auditor completed
Negative
- None.
News Market Reaction
On the day this news was published, XSHLF gained 8.76%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOS ANGELES, CA / ACCESSWIRE / August 9, 2024 / XS Financial Inc. ("XS Financial", "XSF" or the "Company") (CSE:XSF)(OTCQB:XSHLF), a leading equipment finance company to the cannabis industry in the United States, announced today that it has refiled its annual financial statements (the "2023 Financial Statements") and management's discussion and analysis ("MD&A") for the fiscal year ended December 31, 2023 (collectively, the "Refiled Statements and MD&A").
As previously disclosed, the Company recently changed its auditors from Urish Popeck & Co., LLC to Link-It Accounting and Financial Services Inc. (the "Successor Auditor"), effective July 5th, 2024. The 2023 Financial Statements have been reaudited by the Successor Auditor in connection with this change.
The Refiled Statements and MD&A do not contain any material changes, and are available on SEDAR+ at www.sedarplus.ca.
About XS Financial
Established in 2017, XS Financial specializes in providing equipment financing solutions to both cannabis and non-cannabis companies across various industries in the United States. Over the years, XS Financial has partnered with more than 250 original equipment manufacturers (OEMs) through our network of Preferred Vendor partnerships. This robust ecosystem offers an end-to-end solution for clients, resulting in recurring revenues, strong profit margins, and a proven business model for XS Financial stakeholders. The Company's subordinate voting shares are traded on the Canadian Securities Exchange under the symbol "XSF". For more information, visit: www.xsfinancial.com.
For inquiries please contact:
David Kivitz
Chief Executive Officer
Antony Radbod
Chief Operating Officer
Tel: 1-310-683-2336
Email: ir@xsfinancial.com
Forward-Looking Information
This press release contains "forward-looking information" and may also contain statements that may constitute "forward-looking statements", collectively "forward-looking information", within the meaning of applicable Canadian securities legislation. Such forward-looking information is not representative of historical facts or information or current condition, but instead represent the beliefs and expectations regarding future events about the business and the industry and markets in which XS Financial operates, as well as plans or objectives of management, many of which, by their nature, are inherently uncertain. Generally, such forward-looking information can be identified by the use of terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information contained herein may include but is not limited to, any additional leasing opportunities and the ability to capitalize on such and the timing thereof. Forward-looking information is not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking information, which are qualified in their entirety by this cautionary statement. XS Financial Inc., does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: XS Financial
View the original press release on accesswire.com
FAQ
Why did XS Financial (XSHLF) refile its 2023 financial statements?
Were there any material changes in XS Financial's (XSHLF) refiled 2023 financial statements?
Where can investors access XS Financial's (XSHLF) refiled 2023 financial statements?
When did XS Financial (XSHLF) change its auditor in 2024?
