XS Financial, a specialty finance company providing capital expenditure (capex) and equipment financing solutions to cannabis companies in the United States, has entered into a new lease renewal with Jushi, a vertically integrated operator in seven states. XS Financial provided a $2.4 million capex lease facility to purchase equipment with up to 60-month terms. This equipment acquisition will enhance the capabilities of existing facilities and buildouts for their operations.
“We appreciate XS Financials’ continuing support as a capital provider to Jushi as we further develop expansion plans and renovations throughout our network of grower-processor facilities,” Jon Barack, president and founder of Jushi, said.
“We are thrilled to continue our partnership with Jushi Holdings Inc. and provide them with a tailored financing solution dedicated to capital expenditures across their nationwide footprint,” Antony Radbod, chief operating officer of XS Financial, said. “This renewed facility underscores our ongoing commitment to supporting industry leaders with innovative and flexible financial solutions that empower their growth and operational success.”
