At the start of the pandemic, in early 2020, it seemed that for the most part, many cannabis companies were performing about the same. But over the last year, it seems that some companies are consistently reporting positive quarterly results, while others continue to eat up cash. For companies like
Curaleaf, Marimed, and Green Thumb Industries to keep showing positive results, despite each company’s furious pace of acquisition, is all the more impressive. Acquisitions often get bumpy and take a few quarters to shake out – but apparently not for these companies.