Urban-gro invests in cannabis equipment leasing financier

LAFAYETTE — Indoor agricultural engineering firm Urban-gro Inc. (Nasdaq: UGRO) is investing $2.5 million in an offering from XS Financial Inc. (CSE: XSF), a company that provides financing and equipment leasing services to cannabis firms. 

In total, XS is seeking to raise $43.5 million in a convertible note offering. 

The investment comes on the heels of a new partnership between the companies aimed at providing Urban-gro clients with access to capital for equipment. 

“The XSF solution is a unique offering in the marketplace that we believe will help our clients overcome one of the most significant hurdles in the cannabis industry, financing the…