XS Financial, an equipment finance company for the cannabis industry in the United States, will expand into the broader market by extending its financing services to non-cannabis companies. This effort will be led by XS Financials’ newly formed capital markets desk through the purchase and discounting of mid to large-ticket equipment finance transactions from other institutional sources.

“We are leveraging our extensive expertise in structuring and underwriting complex credits and transactions, which has been honed through our work in the cannabis industry, to provide equipment financing solutions for similarly challenged and underserved credit profiles across a range of industries,” Jim Bates, director of credit and risk for XS Financial, said.