Market Insights Snapshot
Anarchy Extracts has been performing consistently in the Concentrates category within the Michigan market. The brand managed to maintain its position in the top 10 brands over the span of four months from July to October 2023. However, there has been a minor fluctuation in their rank, moving from the 9th position in July to the 7th in September, only to drop back to the 9th position in October. This could be indicative of a highly competitive market, but the fact that Anarchy Extracts has managed to stay within the top 10 is a positive sign.
Looking at the sales trend, it's clear that Anarchy Extracts has been experiencing a steady increase in sales over this period, despite the slight drop in ranking in October. This suggests that the brand is growing in popularity and managing to attract more customers. It's important to note that these are just a few highlights and there are many more details that could shed light on the brand's performance. However, this upward sales trend is certainly a positive indication of the brand's potential in the Michigan market.
In the Michigan concentrates market, Anarchy Extracts has been maintaining a steady position, ranking between 7th and 9th from July to October 2023. However, its competitors have shown varying trends. 710 Labs has been consistent, maintaining a rank around 10th, while Cannalicious Labs has seen a significant drop from 2nd to 8th rank. Element has also seen a slight drop, moving from 6th to 11th rank. Interestingly, Dazed has shown an upward trend, improving its rank from 10th to 7th. These changes in ranking indicate shifts in consumer preference and market dynamics, which Anarchy Extracts needs to consider for its strategic planning.
In October 2023, Anarchy Extracts saw a significant shift in their top-performing products. The top product for the month was Now & Later Sugar (1g) with a notable sales figure of 4034 units. Following closely behind were Georgia Pie Budder (1g) and Cherry Lime Runtz Sugar Wax (1g) ranked second and third respectively. The fourth and fifth spots were claimed by Superbad Sugar (1g) and Banana Daddy Crumble (1g). It's worth noting that these rankings represent a significant change from previous months, suggesting a shift in consumer preferences.