XS Financial, a specialty finance company providing equipment leasing solutions to cannabis companies in the United States, announced that the company's syndication desk has completed over $5.0 million of lease participations. Syndication provides XS Financial with attractive, non-dilutive financing options. The company completed its first large-scale syndication with Kadens Family Holdings, LLC ("KFH"), the family office established by Pete Kadens, ex-CEO of Green Thumb Industries, in February 2021 for $1.0 million. As of today, XS Financial has now syndicated approximately $5.0 million of its lease transactions, allowing the Company to better balance its portfolio concentration. As part of this most recent financing, which was completed on terms set by third-party investors at arm's length, XS Financial had participation from senior management and their family, its Board, and other existing business investors. All figures are in USD.

Antony Radbod, COO of XS Financial, commented: "Expanding our investor base through lease syndication allows us to accelerate our rate of capital deployment, enhance our returns and fund more CAPEX in the capital-intensive cannabis sector. We are thrilled to broaden our relationship with our first syndication partner Kadens Family Holdings, LLC, and welcome new investors to the platform. We are excited by XS Financials' continued pace of growth and the maturation of our business as we build a best-in-class specialty finance equipment leasing platform. We will add other strategic syndication partners as we continue to grow our high-quality lease portfolio already comprised of several large publicly traded multi-state operators."

The Company also announces that it has engaged Lytham Partners, LLC ("Lytham") for a month-to-month Marketing contract in connection with the Company's ongoing effort to increase market awareness. Lytham will provide outreach services to inform investors about developments in the Company's business and affairs. Under the terms of this agreement, Lytham will receive $6,500 per month.