XS Financial Inc. Closes $13.4 Million Private Placement Led by Gravitas Securities and Canaccord Genuity
"David Kivitz, CEO of XS Financial, commented: 'Today's announcement shows confidence in XS Financial's platform as a leading CAPEX financing company for well-recognized cannabis companies. We are extremely appreciative of the significant number of existing investors who participated in our Offering and welcome many new institutional and strategic investors. We have experienced considerable demand for our competitively priced, non-dilutive leasing solutions, which are flexibly structured to build with our multi-state operator and single-state operator customers. XS is reviewing a large pipeline of opportunities in new and existing markets. With this Offering completed, existing bank financing, and syndication opportunities, the Company expects to quickly scale its leasing portfolio and add long-term monthly recurring payments, with the goal of driving shareholder returns."