Xtraction Services Signs Sale-Leaseback Agreement With Halo Labs

Xtraction Services Signs Sale-Leaseback Agreement With Halo Labs

Xtraction Services Holding Corp., (“Xtraction Services”, “XS” or the “Company“) (CSE:XS) a specialty finance company engaged in equipment leasing in the United States, is pleased to announce that it has entered into a sale-leaseback agreement (the “Leaseback Agreement”), with Halo Labs Inc. (“Halo”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN), a leading cannabis extraction company that develops and manufactures quality cannabis oils and concentrates operating in California, Oregon and Nevada. The Leaseback Agreement was provided against a variety of existing equipment including but not limited to; extraction, pre and post processing, freezers and security equipment, for USD$600,000 payable over a 3-year term. The Leaseback Agreement allows Halo to free-up invested capital to put towards their expansion plans with no disruption to their current operations. David Kivitz, Chief Executive Officer of XS, commented, “We are very pleased to be working with Halo, a globally recognized and leading cannabis extraction company. Given its strong value proposition and blue-chip executive team, we feel Halo is well-positioned amongst its peers. With capital being extremely limited in the cannabis and hemp sectors, we continue to see a very robust pipeline of financing opportunities. XS is uniquely suited to provide flexible solutions to companies even in the…

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