XS Financial Provides $15M CAPEX Lease Facility to Green Dragon/Eaze


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LOS ANGELES, CA / ACCESSWIRE / July 25, 2022 / XS Financial Inc. (“XS Financial”, “XSF” or the “Company”) (CSE: XSF) (OTCQB: XSHLF), a specialty finance company providing CAPEX and equipment finance solutions to cannabis companies in the United States, today announced that it has entered into a new lease agreement with Green Dragon/Eaze, a multi-operator vertically integrated states and Eaze, the country’s largest cannabis market provider. All amounts are in US dollars.

Green Dragon/Eaze has been approved for a $15 million CAPEX lease facility, with an immediate drawdown of over $2 million to purchase equipment with terms up to 60 months. This equipment acquisition will enhance the capabilities of existing processing facilities and builds for expansion in Colorado and Florida.

Trey Handley, CFO of Green Dragon/Eaze commented: “The team at XS Financial has been great to work with, from underwriting to financing. The XS facility allows us to tap into CAPEX funds, as needed, for our expansion into Florida and Colorado without incurring line fees. Plus, with their sale-leaseback program, we could unlock existing investments on previously purchased equipment.Having access to non-dilutive financing is a huge win for our shareholders.

David Kivitz, CEO of XS Financial commented: “We are excited to add Green Dragon/Eaze to the XS platform. This CAPEX funding will support Green Dragon’s rapid expansion into Florida and its leadership position in the Colorado market. XS continues to add to its roster growing number of multi-state and mono-state operators using our flexible and non-dilutive CAPEX financing solutions.”

About Eaze

Eaze delivers well with the goods. As the nation’s largest legal cannabis marketplace, we bring delight and convenience to our customers, remove barriers to access, and cultivate community in everything we do. With over 7.8 million cannabis shipments to date, we are committed to building a more diverse and sustainable industry through our Momentum Business Accelerator and Social Equity Partner Program. Learn more at eaze.com.

About the Green Dragon

Founded in 2009, Green Dragon is one of the nation’s oldest privately held vertical cannabis companies, with operations currently in Colorado and Florida. Throughout its history, Green Dragon has gained extensive experience in the medical and recreational cannabis markets and is well positioned to expand its retail footprint across the country. Innovation propels Green Dragon, from its customer-centric retail model to its strategic acquisition plan and robust supply chain, which includes more than half a million square feet of cultivation and product manufacturing.

About XS Financial

Founded in 2017, XS Financial specializes in providing CAPEX financing solutions to cannabis companies in the United States, including growers, processors, manufacturers and testing labs. Additionally, XSF has partnered with more than 250 original equipment manufacturers (OEMs) through its network of preferred supplier partnerships. This powerful dynamic provides an end-to-end solution for customers that results in recurring revenue, strong profit margins and a proven business model for XSF stakeholders. The subordinate voting shares of the Company are traded on the Canadian Securities Exchange under the symbol “XSF”. For more information, visit: www.xsfinancial.com.

For any request, please contact:

David Kvitz
Chief executive officer

Antoine Radbod
CEO
Tel: 1-310-683-2336
E-mail: [email protected]

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 laws. This forward-looking information is not representative of historical facts or information or of the current situation, but rather represents beliefs and expectations regarding future events with respect to the business, industry and markets in which XS Financial operates, as well as that the 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 terms such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “expected” , “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and phrases or may contain statements that certain actions , events or results “could”, “could”, “will”, “could” or “will”, “continue”, “occur” or “will be carried out”. Forward-looking information contained herein may include, but is not limited to, without limitation, any additional leasing opportunity and the ability to capitalize thereon and the timing thereof. Forward-looking information is not a guarantee of future performance and involves risks, uncertainties and difficult assumptions. to be expected. Accordingly, readers should not rely unduly to forward-looking information, which is qualified in its entirety by this cautionary statement. XS Financial Inc., undertakes no obligation to publicly release revisions to update 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.

THE SOURCE: XS Financial

See the source version on accesswire.com:
https://www.accesswire.com/709601/XS-Financial-Provides-a-15-Million-CAPEX-Lease-Facility-to-Green-Dragon-Eaze

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