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Los Angeles Finance Co. Achieves Record Q3 Performance, Generates $209.6M, Eyes Strategic Growth In 2024
Tuesday, November 28, 2023 - 7:16pm | 516XS Financial Inc. (CSE: XSF) (OTCQB: XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the U.S. reported robust financial performance for Q3 ending September 30th, 2023. All figures are in U.S. dollars unless otherwise noted. See...
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Wall Street On AI: Less Talk, More Action — Tech Titans' Strategies Unveiled
Wednesday, November 22, 2023 - 3:30pm | 773U.S. corporations are moving from words to deeds when it comes to artificial intelligence (AI). As Goldman Sachs highlighted in a note, mentions of AI have tapered off slightly from last quarter’s peak. But investment commitments by U.S. companies to this transformative technology continue...
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High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
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Los Angeles Finance Co. To Fund Expansion Projects In Cannabis Sector With $15M Credit Line
Tuesday, September 19, 2023 - 9:26am | 499XS Financial Inc. (CSE: XSF) (OTCQB: XSHLF) has entered into a $15 million line of credit with bank lenders. The Los Angeles-based specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States intends to use loan proceeds and cash on hand to...
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NFIB Survey Suggests A Recession Is Coming
Monday, February 6, 2023 - 1:52pm | 1792By Lance Roberts The most recent NFIB (National Federation Of Independent Business) is sending a strong signal of an economic recession. In 2019, the NFIB survey, combined with an inverted yield curve, suggested an impending recession. In 2020, those signals became a reality. As in...
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XS Financial's Q3 Report Shows Consistent Growth With 108% YoY Increase In Revenue
Monday, November 28, 2022 - 7:08pm | 335XS Financial Inc. (CSE: XSF) (OTCQB: XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to US cannabis companies reported its financial results late Monday for the third quarter ended September 30, 2022. "During the third quarter, we achieved...
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Ascend Wellness Closes On $28.5M Of The Remaining Funding Under Its Existing Credit Facility
Friday, July 1, 2022 - 8:48am | 463Ascend Wellness Holdings, Inc. (CSE:AAWH.U) (OTCQX: AAWH) has closed on $28.5 million of the remaining additional funding under the accordion feature of its existing term loan credit facility. The company drew initial funding of $210 million in August 2021 and subsequently closed on a $36.5 million...
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urban-gro's Stock Up On Launch Of Financial Services Division & And Partnership With XS Financial
Tuesday, October 5, 2021 - 2:18pm | 390Cannabis-focused engineering design and services company urban-gro, Inc. (NASDAQ: UGRO) disclosed Tuesday that it has launched its financial services division and entered into a strategic agreement with the cannabis-focused specialty finance company XS Financial to provide its clients with CAPEX...
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Warning UPS About Excessive Capex And Buybacks, Moody's Downgrades Outlook To Negative
Tuesday, March 5, 2019 - 10:36am | 776On Monday, the credit ratings agency Moody's (NYSE: MCO) announced that it was changing UPS's (NYSE: UPS) ratings outlook from positive to negative, while reaffirming its A-1 senior unsecured debt rating, essentially the middle of the ‘investment grade' spectrum of bond...
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Jobs Report Beats Expectations, Adding To Week Of Market-Boosting Economic News
Friday, February 1, 2019 - 11:27am | 1642As a new month got underway, investors had their second helping of big economic news this week in the form of the government’s jobs report for January, which came after the Fed meeting earlier this week helped boost the market. For the second month in a row, job creation in the United...
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Do Higher Capital Expenditures Mean Higher Share Prices For Retailers?
Tuesday, March 31, 2015 - 4:39pm | 462Analysts at Citigroup recently took a look at hardline retail stocks and the new omni-channel initiatives that are driving capex in the space. The analysts believe that these investments are likely to pay off for several names down the road. Does Higher Capex Mean Higher Share Price? Citi...
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Deutsche Bank Says Rangold Has 'Run Out Of Upside,' But Shareholders Disagree
Monday, February 9, 2015 - 5:55pm | 399Shares of Rangold Resources Ltd. (ADR) (NASDAQ: GOLD) recovered nicely on Monday afternoon after a mid-day downgrade from Buy to Hold by Deutsche Bank sent the stock’s share price tumbling. In their note, Deutsche Bank analysts explained that they believe Rangold has “run out of...
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Leon Cooperman: Here's The Positives & Negatives Of The Oil Price Slump
Wednesday, December 17, 2014 - 6:20pm | 427The decline in oil prices has baffled many investors. However, Leon Cooperman, the man who created Goldman Sachs Group Inc's asset management arm and one of the highest-paid hedge fund managers on the Street, is unfazed even though his largest equity holdings are in the energy sector....
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Cisco's CFO Frank Calderoni On Economic Recovery, Global Investing and CAPEX (CSCO)
Thursday, June 20, 2013 - 10:58am | 340Cisco Systems (NASDAQ: CSCO) Executive Vice President and CFO Frank Calderoni appeared on CNBC's Squawk Box on Thursday morning where he discussed Fed Chairman Ben Bernanke's comments that the Fed will begin reducing stimulus later in 2013 as the economy gets better, and the company's strategy for...