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KushCo Holdings investee company XS Financial to provide equipment lease facility for Columbia Care

KushCo Holdings Inc (OTCQX:KSHB) CFO Stephen Christoffersen and XS Financial Inc (CSE:XSF) (OTCQB:XSHLF) CEO David Kivitz tell Proactive investee company XS Financial has entered into an agreement to provide Columbia Care (NEO:CCHW ) (OTCQX:CCHWF) (FRA:3LP) with an equipment lease facility of up to US$5.0 million to purchase new equipment.

XS Financial, in which KushCo Holdings has an around 19% equity interest, is a specialty finance company that provides scalable equipment leasing solutions to cannabis and hemp companies in the US. KushCo formed a partnership and invested in XS Financial in January 2020.

Quick facts: KushCo Holdings Inc.

Price: 1.26 USD

OTCQX:KSHB
Market: OTCQX
Market Cap: $166.5 m
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on 8/11/19

2 min read