XS Financial Inc., a specialty finance company providing CAPEX and equipment financing to cannabis companies in the United States, announced it has entered into a new lease agreement with Curaleaf Holdings Inc., which currently operates in 21 states with 145 dispensaries and 29 cultivation sites. All amounts are in U.S. dollars.

Curaleaf has been approved for a $50 million CAPEX lease facility, with an immediate drawdown of ~$10 million to purchase equipment with up to 60-month terms.

Antony Radbod, Chief Operating Officer of XS Financial, commented: 'XS Financial continues to deliver equipment finance facilities of significant scale to its clients across the cannabis industry. We are pleased to provide competitive CAPEX financing solutions to Curaleaf, one of our industry's largest operators, as they continue their expansion across 21 states.