Growth Stock Insider XS Financial ( XSHLF - $0.16 ) XS Financial is a leading provider of equipment leasing services for the U.S. marijuana industry. Cannabis dispensaries often have difficulty financing their operations. The product remains illegal at the federal level. Most banks and large leasing companies tend to avoid the business. Those that might be willing to lend are put off by the industry's unconventional (all cash) practices, and the perceived risk of non-payment. XS Financial has obtained approval from banking regulators in the 15 states where it currently operates. The company works with both medical and recreational retailers and growers. It emphasizes larger chains with multiple locations. Those customers tend to be well financed with solid banking relationships. They also generally have professional operating procedures. Risk is low as a result. To date, XS Financial has experienced ...
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Showing posts from October, 2021