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XS Financial Provides $7MM Equipment Lease Facility to LivWell

February 28, 2022, 07:10 AM
Filed Under: Cannabis

XS Financial Inc., a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced it has entered into a lease agreement with LivWell Enlightened Health. LivWell is a vertically integrated operator with 21 retail stores in Colorado and a provisioning center in Michigan.

LivWell has been approved for an equipment lease facility of $7 million for new equipment with up to 60-month terms. This equipment acquisition will help further expand its cultivation, manufacturing and processing facilities in their current operating markets.

David Kivitz, CEO of XS Financial, said, "We are thrilled to add LivWell, one of the longest-tenured cannabis operators, to our rapidly expanding portfolio of top tier portfolio companies. LivWell has established a significant footprint in the Colorado and Michigan markets, and we are excited to provide them with access to standby CAPEX and equipment financing. We look forward to supporting LivWell with this lease facility through their next phase of growth."

"Working with XS Financial has been a seamless and professional process. A great team to work with for our CAPEX needs," said John Lord, CEO of LivWell.

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