Officers were called to First Street and Belmont Avenue after 1 am.
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A man in his 20s was found with a stab wound to his upper body.
The victim told officers he was at a nearby smoke shop when he was approached by a group of men asking for money.
He says he gave one of the suspects a few dollars, but the group demanded more.
The victim ran away, but the suspects caught up to him.
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Police say they attacked the man, stole money, and stabbed him.
He was taken to the hospital and is expected to recover.
Officers are still looking for the suspects.