Xtraction Services, an equipment financing company specializing in extraction machines and pre- and post-processing equipment for the cannabis industry, oversubscribed its Series C financing round. This is the second time the company has exceeded its fundraising target.

The company’s approach to the growing legal cannabis and hemp industries has attracted the attention of investors from around the world, including new participants from Australia, Hong Kong, Canada and Germany.

“Xtraction Services has received substantial attention from both investors and customers for our exclusive position, approach, and product offering within these emerging industries,” said David Kivitz, CEO of Xtraction. “This additional funding will allow us to grow and scale our company, as well as expand our leasing options to meet the additional needs of our existing and new customers.”

XS provides high-volume manufacturers access to the large-scale industrial equipment necessary to extract oil from cannabis and hemp plants. By offering a range of financing options, services and expertise, the company helps cannabis entrepreneurs be more strategic with their resources.