XSHLF - Los Angeles Finance Co. To Fund Expansion Projects In Cannabis Sector With $15M Credit Line | Benzinga
XS Financial Inc. (CSE: XSF) (OTCQB: XSHLF) has entered into a $15 million line of credit with bank lenders.
The Los Angeles-based specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States intends to use loan proceeds and cash on hand to fund additional CAPEX and equipment leases with new and existing customers.
"This credit facility provides XS Financial with additional resources to expand our market-leading portfolio of equipment leases," David Kivitz, CEO of XS Financial commented. "Our ability to close this credit facility with favorable pricing and terms in the current environment exhibits ...