First quarter results of U.S. cannabis companies highlighted the industry's focus on generating positive cash flow while striving for growth. Unlike most nascent industries, U.S. cannabis firms face the challenge of balancing investments for expansion with the limited availability of traditional capital due to federal cannabis illegality. Current economic uncertainties and rising interest rates have further constrained access to capital, necessitating a reliance on internally generated cash flows to fund their businesses. However, despite these challenges, strong operators are demonstrating their ability to generate positive cash flows and position themselves as industry leaders.

Green Thumb Industries (OTC: GTBIF), reported an impressive $75 million in positive operating cash flow on revenues of $249 million for the first quarter. At the same time, the company invested $65 million to capitalize on opportunities in New York, New Jersey, …

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