XS Financial Upsizes Lease Facility With Ayr Wellness Up To $21.4M

XS Financial Inc. reported Wednesday that it is upsizing Ayr Wellness (CSE: AYR) (OTCQX: AYRWF) with an equipment lease facility from $5.3 million to $21.4 million.

The vertically integrated company has completely utilized the original lease facility while obtaining a total of $11.8 million across 21 lease schedules, including its recent drawdowns.

Antony Radbod, COO of XS Financial, said he was pleased to support Ayr Wellness’ nationwide expansion through upsizing of "our financing commitment,” calling it “a natural next step” in collaboration with the cannabis company.

“The XS team has done an outstanding job …

Full story available on Benzinga.com

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