Innovative cannabis financing company secures interest from exclusive group of international investors; Raises funds to support growth and scalability
LOS ANGELES, Nov. 13, 2018 /PRNewswire/ — Xtraction Services (“XS”), an equipment financing company specializing in extraction machines, pre and post processing equipment, and best-in-industry customer service, has oversubscribed its Series C financing round. This is the second time the company has exceeded its fundraising target.
The company’s expert approach to the growing legal cannabis and hemp industries has attracted the attention of investors from around the world, including new participants from Australia, Hong Kong, Canada and Germany.
“Xtraction Services has received substantial attention from both investors and customers for our exclusive position, approach, and product offering within these emerging industries,” said David Kivitz, CEO of Xtraction Services. “This additional funding will allow us to grow and scale our company, as well as expand our leasing options to meet the additional needs of our existing and new customers.”
XS provides high-volume manufacturers access to the large-scale industrial equipment necessary to extract oil from cannabis and hemp plants. By offering a range of financing options, paired with XS’s first-class staffing, services, and expertise, the company is helping cannabis entrepreneurs be more strategic with their resources.
About Xtraction Services
Xtraction Services is a turn-key extraction solutions company providing state-of-the-art extraction equipment, service, and expertise that reduces waste and improves production yields to a global network of cannabis and hemp manufacturers. For more information, visit www.XtractNow.com.
SOURCE Xtraction Services