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XS Financial Provides $8MM Capex Lease Facility to Aeriz Holdings

January 31, 2023, 07:25 AM
Filed Under: Cannabis

XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, entered into a new lease facility with Aeriz Holdings Corp ("Aeriz"), an aeroponic cannabis cultivator with a presence in California, Arizona, and Illinois. All amounts are in U.S. dollars.

Antony Radbod, COO of XS Financial commented: "CAPEX financing continues to become increasingly popular within the cannabis industry across all sizes of operators. Single-state and multi-state operators see the value in making smaller payments while the equipment generates revenue versus lump sum capital outlay. Equipment purchases are one of the most capital-intense challenges operators face, and XS is excited to continue supporting the industry and high-quality operators like Aeriz."

David Thomas, CEO of Aeriz commented: "Leasing, rather than purchasing equipment, gives us a great financing option as we continue to grow our business. In addition, XS Financial's expertise in the cannabis industry makes them an extremely attractive business partner for us."

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