XS Financial Announces Repayment Of Unsecured Convertible Notes

XS Financial Inc. (CSE:XSF)(OTCQB:XSHLF), a leading equipment finance company catering to the cannabis industry in the United States, has fully repaid its outstanding unsecured convertible notes. The notes were originally issued on October 28, 2021, and October 10, 2022, totaling US$43.5 million. The aggregate amount repaid, including principal and interest, reached US$40,753,454.87, effective as of June 13, 2024.

In connection with this repayment, Bryan Karen has resigned as a director of the company. He represented a significant institutional investor that was one of the noteholders.

The warrants issued alongside the notes remain outstanding and exercisable under the same terms.