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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