Market Insights Snapshot
In the Concentrates category, Arizona-based cannabis brand Canamo has shown a consistent presence in the top 10 from July to October 2023. The brand started strong in July, ranking 5th, then moved up to 4th place in August. However, a slight dip occurred in September, pushing them back to the 5th position. This trend continued into October, with Canamo falling to 7th place. This could indicate a slight decrease in popularity or increased competition in the market. However, it's important to note that despite the drop in ranking, Canamo still remains a strong contender in the Concentrates category in Arizona.
Looking at the Vapor Pens category, Canamo's performance shows a positive trend in Arizona over the same period. In July 2023, the brand was not even in the top 20, coming in at 43rd place. However, by August, Canamo had climbed to the 34th spot, a significant improvement. This positive momentum continued into September and October, with Canamo reaching 27th and 26th place respectively. While they are still outside the top 20, the consistent upward movement is a promising sign. This could suggest that Canamo is gaining popularity in the Vapor Pens category and might soon break into the top 20 if the trend continues.
In the Concentrates category in Arizona, Canamo has maintained a consistent presence in the top 10 brands over the past four months, though it has seen a slight dip in rank from 5th in July to 7th in October. Its closest competitors include High Grade, which has generally ranked higher but has seen a decrease in rank from 3rd to 5th, and Aeriz, which has consistently ranked slightly lower than Canamo. Notably, Tru Infusion has made significant strides, jumping from not being in the top 20 in July to 8th place in October. In terms of sales, Canamo has remained relatively stable, while High Grade has seen a decrease and both Aeriz and Tru Infusion have seen increases. Another competitor, Mozey Extracts, has also maintained a stable presence in the top 10, with sales slightly lower than Canamo's.
In October 2023, the top-performing product from Canamo was 'Gelato x Wifi 43 Badder (1g)' under the Concentrates category, maintaining its top position from September. The 'Tahoe OG Cured Resin Badder (1g)' also from the Concentrates category, took the second spot. The 'Phoenix OG Live Resin Disposable (1g)' and 'Runtz Live Resin Disposable (1g)', both from the Vapor Pens category, followed in the third and fourth positions respectively. The fifth spot was claimed by 'Kush Mints Shatter (1g)' from the Concentrates category. The sales of 'Gelato x Wifi 43 Badder (1g)' notably increased from 862 units in September to 1234 units in October.