FOR IMMEDIATE RELEASE
Partnership to provide CAPEX financing solutions for urban-gro clients purchasing indoor Controlled Environment Agriculture (CEA) equipment solutions
Lafayette, Colo. (October 5, 2021) – urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro”), a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, and XS Financial (CSE:XSF) (OTCQB: XSHLF) (“XSF”), a specialty finance company providing CAPEX financing solutions including equipment leasing to cannabis companies in the United States, 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.
XS Financial and urban-gro, Inc. 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.