urban-gro launches financial services division to provide growers with capex leasing solutions

urban-gro and XS Financial have entered into a strategic agreement allowing for XS Financial to provide urban-gro clients with CAPEX leasing solutions and XSF customers with access to urban-gro’s vendors and enhanced purchasing power.

“In response to our client’s request to provide financing solutions, I am excited to launch our new Financial Services division, and our strategic alliance with XS Financial further strengthens our purchasing power with leading horticulture manufacturers,” says Bradley Nattrass, Chairman and CEO of urban-gro, Inc. “In addition to strengthening the value of the solution that we provide our clients, we believe XS Financials’ competitively priced access to capital for operators will broaden our reach within the cannabis and food-focused indoor CEA market and further assist in minimizing and eliminating supply chain delays.”

XS Financial and urban-gro are developing strong track records of working with many of the industry’s largest multi-state (“MSO”) and single-state (“SSO”) operators. The two companies have already demonstrated shared success by the financing of equipment purchasing for a shared MSO customer.

“This agreement with urban-gro will allow XS Financial to further expand our reach and ability to offer financing solutions to qualified customers within indoor cannabis CEA,” said David Kivitz, CEO, XS Financial.