XSF | Jotup

urban-gro, Inc. Announces Sale of Investment for Proceeds of $2.3 Million

Retrieved on:

Thursday, August 31, 2023

XSF, Public expenditure, CSE, XS, Controlled-environment agriculture, Security (finance), Management, Bank

Both companies mutually agreed that XSF would retire the Company’s convertible note for $2.3 million, a 10% discount to the Company’s current book value of the investment.

Key Points:

Both companies mutually agreed that XSF would retire the Company’s convertible note for $2.3 million, a 10% discount to the Company’s current book value of the investment.
The $2.3 million cash payment received is in addition to the $0.3 million of interest earned and received since making the original $2.5 million investment in Q4 2021.
Bradley Nattrass, Chairman and CEO, commented, “We believe XS Financial is a great company working to support the cannabis industry by helping clients finance their capital expenditures and we look forward to continuing our strategic relationship.
As we look ahead and position ourselves for the future, we are focused internally on sound capital management, maintaining a healthy balance sheet, and executing on our multi-sector business development plan.”

Jushi Holdings Inc. Announces Second Closing of Debt Financing with an Additional US$3 Million of Proceeds for a Total of US$72 Million

Retrieved on:

Monday, December 12, 2022

BOCA, Warrant, Person, Security (finance), Offering, Sale, XS, News, Regulation, Legislation, CSE, XSF, SEDAR, OTCQB, Note, Jushi

BOCA RATON, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the second closing of its previously announced private offering (the “Offering”) of 12% second lien notes (“Notes”) and detached warrants to purchase the Company’s subordinate voting shares at an exercise price of US$2.086 (the “Warrants”). To date, Jushi has closed on an additional US$3 million for a total of US$72 million in gross cash proceeds, and issued US$72 million aggregate principal amount of Notes and approximately 17 million of warrants to investors in the Notes.

Key Points:

To date, Jushi has closed on an additional US$3 million for a total of US$72 million in gross cash proceeds, and issued US$72 million aggregate principal amount of Notes and approximately 17 million of warrants to investors in the Notes.
Further, the Company also plans to draw down an additional US$1.9 million on an Arlington, Virginia real estate mortgage facility in the first quarter of 2023.
Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem.
These forward-looking statements are based on Jushi’s current expectations and beliefs concerning future developments and their potential effects.

Cushman & Wakefield Releases More Data Confirming Hybrid Office is Becoming the New Norm

Retrieved on:

Friday, April 29, 2022

The report is based on Cushman & Wakefield analysis of industry leasing data, surveys conducted by Cushman & Wakefield since the onset of the pandemic, and various other sources.

Key Points:

The report is based on Cushman & Wakefield analysis of industry leasing data, surveys conducted by Cushman & Wakefield since the onset of the pandemic, and various other sources.
First, the majority of global office workers prefer a hybrid working arrangement, and many companies that have made decisions are currently planning on hybrid, agile work environments.
To a degree, we believe the hybrid solution is galvanizing the corporate need for office space as the workplace gets reimagined.
While the shift to hybrid is occurring, Cushman & Wakefield research shows the demand for office space is starting to return to pre-pandemic levels.

urban-gro, Inc. Reports Record Third Quarter 2021 Financial Results and Raises Full Year 2021 Revenue Guidance

Retrieved on:

Tuesday, November 9, 2021

Dick Akright, Chief Financial Officer concluded, We are extremely pleased with our third quarter financial performance, which marks our fifth consecutive quarter of positive adjusted EBITDA, which remains as a key financial objective for us as we grow.

Key Points:

Dick Akright, Chief Financial Officer concluded, We are extremely pleased with our third quarter financial performance, which marks our fifth consecutive quarter of positive adjusted EBITDA, which remains as a key financial objective for us as we grow.
Revenue was $18.3 million in the third quarter of 2021, as compared to $8.3 million in the prior year period, representing an increase of $10.0 million, or 119%.
Operating expenses were $4.2 million in the third quarter of 2021 compared to $1.9 million in the prior year period, representing an increase of $2.3 million.
urban-gro will host a conference call and live audio webcast to discuss the operational and financial results today, November 09, 2021 at 4:30 PM ET.

urban-gro, Inc. Participates in XS Financial’s Convertible Note Offering to Drive Revenue and Bring Significant Value to Clients

Retrieved on:

Monday, November 1, 2021

Engineering, Cannabis, Controlled-environment agriculture, XSF, Partnership, Financial services, CSE, Venture capital financing, Food, CAPEX, Solution, CEA, GLOBE, Drug

The investment strengthens the strategic alliance between urban-gro and XSF providing urban-gro clients with expanded access to short duration, non-dilutive, low-cost capital financing.

Key Points:

The investment strengthens the strategic alliance between urban-gro and XSF providing urban-gro clients with expanded access to short duration, non-dilutive, low-cost capital financing.
To inquire about equipment system financing solutions for your commercial cultivation facility, reach out to urban-gro Financial Services via email ( [email protected] ).
urban-gros gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization.
Visit urban-gro.com to discover how we help cultivators gro plants and gro profits.

INOX's new XSF Series Exit Device Designer Trim featured at DHI ConNextions

Retrieved on:

Wednesday, October 20, 2021

Wood, Entrepreneurship, The Ritz-Carlton Hotel Company, Industry, XSF, Fail-safe, INOX, New product development, SVR, LBR, DHI, MED, Privacy, Solution, Failure, Panic, Metal, Cassette tape, Locksmithing

NEW ORLEANS, Oct. 20, 2021 /PRNewswire-PRWeb/ -- INOX will showcase its new XSF Series Exit Device Designer Trim at DHI conNextions in New Orleans from October 20 to 21 in booth 339.

Key Points:

NEW ORLEANS, Oct. 20, 2021 /PRNewswire-PRWeb/ -- INOX will showcase its new XSF Series Exit Device Designer Trim at DHI conNextions in New Orleans from October 20 to 21 in booth 339.
That required the design, manufacture and delivery of exit device trim that is 'on-brand' with the rest of the property, and the XSF Series Trim offered that solution."
The new XSF Series Exit Device Designer Trim delivers a matching lever design across openings of the entire facility while maintaining the proper ratings & codes.
XSF Exit Device Trims are also available with EL: Electrically Locked (Fail Safe) or EU: Electrically Unlocked (Fail Secure) functions for exit openings requiring access control.

urban-gro, Inc. Launches its Financial Services Division and Enters into Strategic Partnership with XS Financial, the Cannabis Industry’s Leading CAPEX Financier

Retrieved on:

Tuesday, October 5, 2021

Lafayette, Colo., Oct. 05, 2021 (GLOBE NEWSWIRE) -- 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.

Key Points:

XS Financial and urban-gro, Inc. are developing strong track records of working with many of the industrys largest multi-state (MSO) and single-state (SSO) operators.
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.
XS Financial provides the U.S. cannabis industry access to competitively-priced, non-dilutive CAPEX financing solutions.
For more information, visit www.xsfinancial.com
To inquire about equipment system financing solutions for your commercial cultivation facility, reach out to urban-gro Financial Services via email ( [email protected] )

Huge Launches “Experience Stack of the Future,” a New Commerce Ecosystem

Retrieved on:

Thursday, September 23, 2021

Marketing, Advertising, Communications, Momentum, Software as a service, Adoption, IPG, Partnership, Human, BIGC, Instagram, Intercom, Solution, Nike, Kroger, Target, Culture, Commerce, Experience Economy, Content marketing, CMS, Season, LinkedIn, BigCommerce, Element, FCA, FCB, Marketing, API, Sony, P&G, Group, Twitter, B2C, Growth, Love, Brooks Sports, XSF, White paper, B2B, MullenLowe Group, MRM, Bale, UM, Nasdaq, NYSE, Skullcandy, McCann, Online shopping, Retail, Huge., Interpublic., Contentful., BigCommerce., HUGE., INTERPUBLIC., CONTENTFUL., BIGCOMMERCE.

Huge (NYSE: IPG), a global experience agency, today announces the launch of Experience Stack of the Future (XSF).

Key Points:

Huge (NYSE: IPG), a global experience agency, today announces the launch of Experience Stack of the Future (XSF).
Led by Huge, in partnership with Contentful and BigCommerce, XSF leverages a set of modern, highly-aligned platform technologies to be integrated into one commerce experience destination.
Holden Bale, Group Vice President and Head of Commerce at Huge said, Huge set out to launch XSF because it was time for a category change.
XSF is supported by Huges global Commerce practice, which creates and drives the adoption of commerce experiences and new business models that enable growth.