Xtraction Services Closes Oversubscribed Series C Round to Continue Rapid Growth

Innovative cannabis financing company secures interest from exclusive group of international investors; Raises funds to support growth and scalability

Los Angeles, CA—November 12, 2018 — 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. 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.

David Kivitz, CEO of Xtraction Services

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.

Original press release

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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