Streetbeat News

XSHLF

XS Financial Inc

Industry

Dimension Stone Mining and Quarrying

Open

0.04

Mkt cap

2.7M

Volume

418K

High

0.04

P/E Ratio

-0.86

52-wk high

0.04

Low

0.03

Div yield

N/A

52-wk low

0.02

XS Financial Inc., a specialty finance company serving the U.S. cannabis industry, reported a strong Q3 performance with a 41% YoY increase in revenue and a 56% YoY increase in gross lease receivables. Despite these gains, the company experienced a net loss of $2.99 million, attributed to non-cash losses. Operational highlights include closing 16 new lease transactions. The CEO highlighted a focus on growth and a strong liquidity position with $21.4 million available for drawdown. Shares of XSHLF surged 34.29% to $0.047.

Portfolio Pulse from Joana Scopel

November 28, 2023 | 11:16 pm

XS Financial Inc. has secured a $15 million line of credit to fund expansion projects in the cannabis sector. The company plans to use the loan proceeds and cash on hand to fund additional CAPEX and equipment leases with new and existing customers. The news comes as the number of banks and credit unions working with cannabis companies is at a record high, and ahead of the Senate Banking Committee's vote on cannabis banking reform.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 1:26 pm

Urban-gro, Inc. (NASDAQ:UGRO) has secured a deal with XS Financial Inc (CSE:XSF) (OTCQB:XSHLF) to retire its convertible note for $2.3 million, a 10% discount to the company’s current book value of the investment. The cash payment is in addition to the $0.3 million of interest earned since the original $2.5 million investment in Q4 2021. Urban-gro initially partnered with XS Financial in 2021 to provide its clients with CAPEX leasing solutions.

Portfolio Pulse from Jelena Martinovic

August 31, 2023 | 3:50 pm

Urban-gro, Inc. (NASDAQ:UGRO) has sold its investment in a private placement convertible note with XS Financial Inc for $2.3 million, a 10% discount to the book value. The cash payment is in addition to the $0.3 million of interest earned since the original $2.5 million investment in Q4 2021.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:22 pm

The article lists the cannabis stocks that gained and lost on August 10, 2023. The biggest gainers were Choom Holdings (OTC:CHOOF), Item 9 Labs (OTC:INLB), and Delivra Health Brands (OTC:DHBUF), while the biggest losers were CannTrust Holdings (OTC:CNTTQ), SciSparc (NASDAQ:SPRC), and Khiron Life Sciences (OTC:KHRNF).

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:30 pm

XS Financial Inc. has provided $7.6 million in CAPEX and equipment financing to PharmaCann Inc. This new lease will support PharmaCann's growth plans in its eight-state footprint. The deal is a testament to XS Financial's commitment to the cannabis industry and its dedication to supporting top-tier operators.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 12:17 pm

On August 1, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Malachite Innovations, Maple Leaf Green World, and Global Hemp Group, with shares closing up 26.32%, 22.83%, and 22.73% respectively. On the other hand, Humble & Fume, GrowLife, and Tetra Bio Pharma were among the biggest losers, with shares closing down 34.09%, 32.84%, and 32.50% respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:37 am

On July 27, 2023, several cannabis stocks experienced significant price movements. Notable gainers include Hemp (OTC:HEMP), Gaby (OTC:GABLF), and Global Hemp Group (OTC:GBHPF), while significant losers include Earth Science Tech (OTC:ETST), Tetra Bio Pharma (OTC:TBPMF), and Heritage Cannabis Holding (OTC:HERTF).

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 9:30 pm

XS Financial Inc. has amended its unsecured convertible notes worth $43.5 million, extending the maturity date to either December 31, 2024 or June 30, 2024, depending on certain conditions. The amendments also include changes to the conversion price, interest rate, and removal of a debt-to-net-worth ratio restriction.

Portfolio Pulse from Vuk Zdinjak

June 12, 2023 | 2:28 pm

The National Cannabis Industry Association (NCIA) has laid off nearly half of its workforce to reduce costs and remain financially sound in 2023. Avant Brands elected six directors at its annual general shareholders meeting. SciSparc appointed Yaki Baranes as its new strategy and business development VP. Incannex Healthcare added three psychedelic therapy and science experts to its advisory board. XS Financial promoted Justin Vuong to CFO. Acreage Holdings announced the resignation of CEO Peter Caldini, with Dennis Curran taking over. Jones Soda welcomed Ronald Dissinger to its board of directors. Schwazze promoted Nirup Krishnamurthy to CEO.

Portfolio Pulse from Jelena Martinovic

June 05, 2023 | 1:47 pm

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