Xtraction Services Holding Corp. a specialty finance company engaged in equipment leasing in the United States, announced it is in the process of changing its name to XS Financial Inc., along with a new ticker symbol of XSF. The name change does not affect the company's share structure or the rights of the Company's shareholders, and no further action is required by existing shareholders.

The new name better reflects the company’s business model, highlighting XS as a specialty finance company providing a variety of leasing solutions to the cannabis and hemp industry. The company has also been reclassified on the Canadian Securities Exchange from “Life Sciences” to “Diversified Industries,” a designation that includes businesses such as consumer products & services, real estate, communications & media and financial services, to name a few.

“We have grown tremendously since inception in 2017, building out our services and refining our business model. The new name clearly identifies who we are and what we do. We are also pleased to see that our classification on the CSE has also been adjusted, which will provide greater clarity to potential investors,” said David Kivitz, Chief Executive Officer.

The name change is subject to CSE approval, and the Company will provide an update once it has received such approval and an effective date for the change.

For more information on the company see an Equipment Finance Advisor’s interview with Kenneth L. Senter, CLFP, Client Services Manager.