4 Cannabis Companies Actually Making Money
In the still-nascent cannabis industry, a lack of cash flow for a company can often lead to a lot of frustration for investors. Cash-strapped businesses often issue shares just to help finance their operations, leaving existing shares worth less, and the stock price ends up falling. Sales growth and positive adjusted EBITDA can help a company attract attention, but if it's not generating positive cash flow from its operations, it may not be a great investment.
However, four cannabis producers are having no trouble producing cash flow: Curaleaf (OTC: CURLF), Green Thumb Industries (OTC: GTBIF), Trulieve Cannabis (OTC: TCNNF), and Village Farms International (NASDAQ: VFF). Each has posted some great results over the past year, and they're among the safest pot stocks you can invest in today.
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Source Fool.com
