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XS Financial Receives $10MM from Delayed Drawdown of Unsecured Convertible Notes

October 12, 2022, 07:00 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 receipt of its delayed draw of $10 million. The aggregate principal amount of the unsecured convertible notes financing was $43.5 million, of which $33.5 million was funded at closing on Nov. 1, 2021. The financing was led by a large institutional investor, with additional participation from strategic partners including urban-gro, Landrace Financial, Bengal Capital and KEY Investment Partners.

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