XS Financial Inc. announced that it has 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.

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.