GlobeNewswire Inc | Oct 5, 2021 09:05AM EDT

October 05, 2021

Partnership to provideCAPEX financing solutions for urban-gro clientspurchasing indoor Controlled Environment Agriculture (CEA) equipment solutions

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-gros vendors and enhanced purchasing power.

In response to our clients request to provide financing solutions, I am excited to launch our new Financial Services division, and our strategic alliance with XS Financial further strengthens our purchasing power with leading horticulture manufacturers, and allows us to continue to exceed clients expectations, says Bradley Nattrass, Chairman and CEO of urban-gro, Inc. In addition to strengthening the value of the solution that we provide our clients, we believe XS Financials competitively priced access to capital for operators will broaden our reach within the cannabis and food-focused indoor CEA market and further assist in minimizing and eliminating supply chain delays.

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. The two companies have already demonstrated shared success by the financing of equipment purchasing for a shared MSO customer.

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. New and existing XS customers will benefit greatly from urban-gros strong purchasing power, diversified service offerings backed by deep domain experience and credibility in our industry.

About urban-gro, Inc.urban-gro, Inc. (Nasdaq: UGRO) is a fully integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused indoorControlled Environment Agriculture (CEA) facilities.With experience in hundreds of CEA facilities spanning millions of square feet across the globe, we design, engineer and integrate complex environmental equipment systems into high-performance facilities. urban-gros gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization. Operating as a crop-agnostic solutions provider in both food and cannabis CEA sectors, our crop-focused end-to-end approach provides a single point of accountability across all aspects of growing operations. Visiturban-gro.comto discover how we helpcultivatorsgroplantsandgroprofits.

About XS FinancialXS Financial provides the U.S. cannabis industry access to competitively-priced, non-dilutive CAPEX financing solutions. Founded in 2017, XS Financial specializes in providing financing for equipment and other qualified capital expenditures to growing cannabis companies, including cultivators, processors, manufacturers and testing laboratories. In addition, XSF has partnered with over 150 original equipment manufacturers through its network of Preferred Vendor partnerships. This powerful dynamic provides an end-to-end solution for customers, resulting in recurring revenues, strong profit margins, and a proven business model for XSF stakeholders. XS Financials subordinate voting shares are traded on the Canadian Securities Exchange and the symbol XSF and in the United States on the OTCQB und the symbol XSHLF. 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 Servicesvia email (financing@urban-gro.com)

urban-gro Investor Relations Contact: XSF Investor RelationsContactDan Droller David KivitzEVP Corporate Development and IR Chief Executive Officer720-390-3880 310-683-2336investors@urban-gro.com ir@xsfinancial.com Media Contact: XSF Investor Relations ContactStan Wagner Antony RadbodManaging Director Chief Operating OfficerMaverick Public Relations 310-683-2336303.618.5080 ir@xsfinancial.comstan@themaverickpr.com