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Medicinal Chemicals & Botanical Products: capital spending and supply chain

SIC 2833 · 13 companies with filed cash-flow statements

Capital spending, 12 months$200M
Operating cash flow$473M
Capex / cash flow42%
Capex / revenue3.9%
Top 3 share72%

Analysis

13 companies in Medicinal Chemicals & Botanical Products (SIC 2833) spent $200M on capital projects over their latest twelve months, 42% of the $473M their operations generated; the three largest spenders — CURLF, TRLV, AAWH — account for 72%.

Capital spending is 3.9% of the industry's $5.1B of annual revenue.

By the industry's asset mix most of it goes to equipment (44%); about $20.6M is imported.

The largest supplier of that spending is manufacturing structures ($34.2M).

Its largest supplying industries, by the input-output tables: imports ($722M), drugs and druggists' sundries ($482M), biological product (except diagnostic) manufacturing ($360M).

Charts

Medicinal Chemicals & Botanical Products: capital spending by company, latest twelve monthsMedicinal Chemicals & Botanical Products: capital spending by company, latest twelve monthsCURLF$66.5MTRLV$54.3MAAWH$24.3MCRON$15.7MJUSH$12.9MUSNA$11.8MCGC$6.5MBTMD$4.5MLEEEF$1.8MMRMD$1.3MMTEX$861KFTLF$13K
Filed cash-flow statements (SEC XBRL).
Medicinal Chemicals & Botanical Products: what the capital spending buys (US part)Medicinal Chemicals & Botanical Products: what the capital spending buys (US part)Structures$35.1MEquipment$43.9MSoftware$13.2MOther$7.2M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Medicinal Chemicals & Botanical Products: the industries that build and sell what it buysMedicinal Chemicals & Botanical Products: the industries that build and sell what it buysManufacturing structures$34.2MSoftware publishers$7.4MMaterial handling equipment manuf…$5.5MOther industrial machinery manufa…$5.4MAir conditioning, refrigeration, …$5.1MOther general purpose machinery m…$3.6MMeasuring, dispensing, and other …$3.2MAir and gas compressor manufactur…$3.0MPlate work and fabricated structu…$2.8MCustom computer programming servi…$2.7M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Medicinal Chemicals & Botanical Products: its first-tier supplying industriesMedicinal Chemicals & Botanical Products: its first-tier supplying industriesImports$722MDrugs and druggists' sundries$482MBiological product (except diagno…$360MMedicinal and botanical manufactu…$166MManagement of companies and enter…$163MLegal services$91.8MOther real estate$89.7MOther basic organic chemical manu…$75.5MElectric power generation, transm…$48.1MPharmaceutical preparation manufa…$46.7M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Medicinal Chemicals & Botanical Products: where the industry's cash came from (+) and went (−)Medicinal Chemicals & Botanical Products: where the industry's cash came from (+) and went (−)Cash drawn from the balance s…$591MOther investing (out)−$574MOperating cash flow$439MOther financing (out)−$264MShares issued$160MCapital spending−$129MOperating cash outflow−$103MAcquisitions−$71.6MBuybacks−$52.0MCash added to the balance she…−$29.7MNet borrowing$25.7MOther financing (in)$21.5MTaxes paid on employees' shar…−$12.4MPaid to partners−$9.0M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
CURLF Curaleaf Holdings$66.5M$114M58%TTM to Q3 2026
TRLV Trulieve Cannabis$54.3M$242M22%TTM to Q3 2026
AAWH Ascend Wellness Holdings$24.3M$17.4M140%TTM to Q2 2026
CRON Cronos Group$15.7M$81.1M19%TTM to Q3 2026
JUSH Jushi Holdings$12.9M$19.0M68%TTM to Q3 2026
USNA Usana Health Sciences$11.8M$27.7M43%TTM to Q2 2026
CGC Canopy Growth$6.5M−$73.1M—TTM to Q2 FY27
BTMD biote$4.5M$24.4M18%TTM to Q2 2026
LEEEF Leef Brands$1.8M−$2.0M—TTM to Q2 2026
MRMD Marimed$1.3M$9.3M14%TTM to Q2 2026
MTEX Mannatech$861K$2.5M35%TTM to Q2 2026
FTLF Fitlife Brands$13K$10.0M0%TTM to Q2 2026
ADIA Adia Med$5K−$176K—TTM to Q2 2026

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.