XS Financial Provides An $8M Capex Lease Facility To Cannabis Cultivator Aeriz

XS Financial Inc. XSHLFXSF , a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, has entered into a new lease facility with Aeriz Holdings Corp, an aeroponic cannabis cultivator with a presence in California, Arizona, and Illinois.

Antony Radbod, COO of XS Financial stated: "CAPEX financing continues to become increasingly popular within the cannabis industry across all sizes of operators. Single-state and multi-state operators see the value in making smaller payments while the equipment generates revenue versus lump sum capital outlay. Equipment purchases are one of the most capital-intense challenges operators face, and XS is excited to continue supporting the industry and high-quality operators like Aeriz."

David Thomas, CEO of Aeriz stated: "Leasing, rather than purchasing equipment, gives us a great financing option as we continue to grow our business. In addition, XS Financial's expertise in the cannabis industry makes them an extremely attractive business partner for us."

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Photo by Richard T on Unsplash

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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!