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Xtraction Services Launches Equipment Program to Cannabis, Hemp Oil Processors

August 15, 2019, 07:20 AM
Filed Under: Industry News

Xtraction Services (XS) announced the launch of its equipment sale-leaseback program, providing existing oil processors the opportunity to unlock additional working capital without any interruptions to production. XS is an equipment leasing and extraction solutions company specializing in manufacturing, testing and packaging equipment for cannabis and hemp.

As the demand for cannabis and hemp oil continues to increase in a capital-constrained marketplace, many oil processors are challenged to find the capital resources to expand and scale their business, the company said. By providing the necessary high-quality equipment through leasing and sale-leaseback programs, XS reduces the need for large up-front capital investment, allowing for increased flexibility and growth potential.

A sale-leaseback allows oil processors to unlock capital from existing equipment and free up the cash they previously invested. With the launch of this new product, XS helps oil processors to invest in other areas of their business while continuing to use the equipment.

"The expansion of our services to include these types of equipment leasing solutions, gives oil processors the opportunity to obtain additional cash flow and working capital without experiencing any interruptions to the production process," said David Kivitz, CEO of Xtraction Services. "The equity capital markets have slowed over the past three-four months, and our customers need other solutions, which we are providing."

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