Xtraction Services
Provides state-of-the-art, fully-automated, supercritical CO2 extraction machines.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | $571k | Debt | |
| Total Funding | 000k | ||
Established in 2017, XS Financial Inc., originally known as Xtraction Services, operates as a specialty finance company with a clear focus on the cannabis and hemp industries in the United States. The company is led by CEO David Kivitz, whose background is in structured credit and scaling large-scale business ventures. This experience in finance shaped the company's approach to addressing capital constraints within the burgeoning cannabis sector.
The firm's core business revolves around providing equipment leasing and financing solutions to owner/operators across the cannabis value chain, including cultivators, oil processors, manufacturers, and testing laboratories. Recognizing the capital-intensive nature of extraction and processing, XS Financial allows companies to acquire necessary large-scale industrial equipment without the prohibitive upfront costs, thereby preserving their working capital for growth. Revenue is generated through these financing and leasing arrangements. The business model is designed to be scalable, as adding new customers does not proportionally increase operational overhead.
Beyond financing, XS Financial offers a comprehensive suite of consulting and support services. This includes assistance with equipment selection and procurement through partnerships with original equipment manufacturers. The company also provides on-site support, which encompasses staff recruitment, process development, and product formulation, creating an end-to-end solution for its clients. A significant corporate milestone occurred in October 2019 when the company completed a reverse merger with Caracara Silver Inc., which led to its listing on the Canadian Securities Exchange. In June 2020, the company rebranded from Xtraction Services to XS Financial Inc. to better reflect its primary role as a specialty finance provider.
Keywords: equipment leasing, specialty finance, cannabis industry, hemp industry, equipment financing, asset financing, sale-leaseback, cannabis extraction, cannabis processing, David Kivitz, cannabis capital solutions, industrial equipment financing, oil extraction, debt financing, B2B financing, cultivation equipment, manufacturing equipment, lab services financing, US cannabis market