XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, has upsized its lease facility with Ayr Wellness (CSE:AYR)(OTCQX:AYRWF) up to $37.4 million including an immediate drawdown of $12 million, bringing the total usage to over $33.1 million.
"Working with the XS team has been a seamless process over the last two years," Brad Asher CFO of AYR Wellness stated. "They are fully integrated as an extension of our procurement and development teams, who have benefitted from their deep industry knowledge in state-of-the-art equipment. We are proud of our long-standing partnership with the XS team and their commitment to achieving our mission of being the largest producer of high-quality cannabis at scale."
