Xtraction Services Holding Corp. announced that it has acquired a California Finance Lenders (CFL) license. The license is being acquired through the purchase of a local entity by issuing 450,671 common shares of XS, subject to a 12-month lockup, and the payment of certain legal transaction costs. The acquisition of the lender license allows XS to significantly expand its lending and financing capabilities in the state of California (CA). The Company expects the license to play a crucial role given the steady increase in inbound requests from customers with business operations in CA.