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XS Financial Launches Syndication Platform

March 02, 2021, 07:00 AM
Filed Under: Cannabis

XS Financial Inc., an equipment finance and leasing company serving cannabis and hemp companies, announced the company has launched its syndication platform, which will provide XS Financial with a broad range of non-dilutive financing options.

The Company completed its first large-scale syndication with Kadens Family Holdings, LLC (KFH), the family office established by Pete Kadens, ex-CEO of Green Thumb Industries, Board Member of KushCo Holdings (and Choice Consolidation Corp. KFH and XS Financial entered into a series of lease syndications totaling $1.0 million by entering into non-recourse promissory notes backed by the assignment of certain lease receivables.

Antony Radbod, Chief Operating Officer of XS Financial, commented: "Adding lease syndication to our business model will allow us to accelerate our rate of capital deployment, enhance our returns and, fund more CAPEX in the capital-intensive cannabis sector. Our first syndication partner is Kadens Family Holdings, LLC. We are excited to partner with Pete and look forward to working together with his family office as we expand. We will add other strategic syndication partners as we continue to grow our high-quality lease portfolio already comprised of several large publicly traded multi-state operators."

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