XS Financial Inc., an equipment finance company to the cannabis industry in the United States, announced its expansion into the broader market by extending its financing services to non-cannabis companies. XS Financial aims to utilize its expertise and proven execution capabilities, to support a more extensive array of businesses. This effort will be led by XS Financials' newly formed Capital Markets Desk through the purchase and discounting of mid to large-ticket equipment finance transactions from other institutional sources.

XS Financial has been committed to empowering established cannabis operators with customized equipment financing options, enabling them to acquire the essential equipment necessary for growing their operations regionally and nationwide. As a result, XS Financial has become the preferred choice for cannabis companies seeking flexible, non-dilutive equipment financing solutions at scale.

With weakening macroeconomic conditions, XS Financial is aggressively pursuing a large opportunity to provide financing as others tighten lending standards. Having successfully navigated the highly restrictive cannabis sector and its limited access to traditional financing, the company is well-suited to grow its non-cannabis portfolio as market challenges persist in the coming years.

Jim Bates, Director of Credit and Risk for XS Financial, said, "We are leveraging our extensive expertise in structuring and underwriting complex credits and transactions, which has been honed through our work in the cannabis industry, to provide equipment financing solutions for similarly challenged and underserved credit profiles across a range of industries."