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 a multi-state operator with locations in multiple states.

The operator has been approved for an equipment lease facility of $1 million for new equipment with up to 60-month terms. This equipment acquisition will help further expand its processing facilities in multiple markets in which they are operating.

“We are excited to support our new customer with their CAPEX financing needs as they expand their market position as a leading multi-state operator,” said David Kivitz, CEO of XS Financial. “Over the past few years, they have grown significantly and are well-positioned in several limited license markets.”