urban-gro, Inc. Launches its Financial Services Division and Enters into Strategic Partnership with XS Financial, the Cannabis Industry's Leading CAPEX Financier
Partnership to provide CAPEX financing solutions for urban-gro clients purchasing indoor Controlled Environment Agriculture (CEA) equipment solutions
Lafayette, Colo., Oct. 05, 2021 (GLOBE NEWSWIRE) -- urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro”), a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, and XS Financial (CSE:XSF) (OTCQB: XSHLF) (“XSF”), a specialty finance company providing CAPEX financing solutions including equipment leasing to cannabis companies in the United States, have entered into a strategic agreement allowing for XS Financial to provide urban-gro clients with CAPEX leasing solutions and XSF customers with access to urban-gro’s vendors and enhanced purchasing power.
“In response to our client’s request to provide financing solutions, I am excited to launch our new Financial Services division, and our strategic alliance with XS Financial further strengthens our purchasing power with leading horticulture manufacturers, and allows us to continue to exceed client’s expectations,” says Bradley Nattrass, Chairman and CEO of urban-gro, Inc. “In addition to strengthening the value of the solution that we provide our clients, we believe XS Financials’ competitively priced access to capital for operators will broaden our reach within the cannabis and food-focused indoor CEA market and further assist in minimizing and eliminating supply chain delays.”
XS Financial and urban-gro, Inc. are developing strong track records of working with many of the industry’s largest multi-state (“MSO”) and single-state (“SSO”) operators. The two companies have already demonstrated shared success by the financing of equipment purchasing for a shared MSO customer.
“This agreement with urban-gro will allow XS Financial to further expand our reach and ability to offer financing olutions to qualified customers within indoor cannabis CEA,” said David Kivitz, CEO, XS Financial. “New and existing XS customers will benefit greatly from urban-gro’s strong purchasing power, diversified service offerings backed by deep domain experience and credibility in our industry.”
About urban-gro, Inc.
About XS Financial
To inquire about equipment system financing solutions for your commercial cultivation facility, reach out to urban-gro Financial Services via email (firstname.lastname@example.org)
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