Cannalicious Labs

Data Snapshot: May 04, 2024
Cannalicious Labs Cannabis Brand Logo
$1M+

Apr-2024

Sales

Neutral

Trend

6-Month

115

Product Count

SKUs

Cannalicious Labs

Overview

Cannalicious Labs, based in Pinconning, Michigan, is a distinguished producer of cannabis concentrates and edibles for both medical and recreational users. Famed for offering a full array of naturally potent cannabis products, the brand prides itself on its state-of-the-art manufacturing processes, ensuring quality and consistency across its offerings. Moreover, the brand is also aligned with D&K Ventures, the pioneers of the Michigan Cannabis industry, further solidifying its foothold in the market.
Markets

Cannalicious Labs Locations

Product Trends

Cannalicious Labs Categories

Cannalicious Labs Sales

Market Insights Snapshot

Cannalicious Labs Historical Sales by Category

In the competitive landscape of Michigan, Cannalicious Labs has shown a notable performance across several categories, with a particularly strong presence in the Concentrates category. Beginning the year at rank 7 in January 2024 and improving to rank 4 by April 2024, this upward trajectory is indicative of the brand's growing popularity and consumer preference in this segment. The sales figures reflect this positive movement, with a significant increase from $437,606 in January to $637,708 in April 2024. However, their performance in the Edible category tells a different story, with rankings fluctuating and showing a slight decline from 11th place in January to 16th by April, suggesting challenges in maintaining their market position amidst stiff competition.

Moreover, the introduction of Cannalicious Labs into the Vapor Pens category in Michigan during March 2024 at a distant 88th place, improving slightly to 81st in April, highlights a nascent yet struggling effort to capture market share in this highly competitive segment. This late entry and the low ranking underscore the brand's challenges in gaining a foothold, despite their established presence in other categories. The absence of rankings in the top 30 for Vapor Pens in the initial months of 2024 further emphasizes the uphill battle Cannalicious Labs faces in diversifying its product offerings and expanding its consumer base within the state's cannabis market.

Apr-2024 Rank
Concentrates
Edible
Vapor Pens
4
16
81
Cannalicious Labs

Competitive Landscape

In the competitive landscape of the concentrates category in Michigan, Cannalicious Labs has shown a notable upward trajectory in its ranking, moving from 7th place in January 2024 to 4th by April 2024. This improvement in rank is indicative of a strong performance against its competitors, despite the dominance of Traphouse Cannabis Co., which consistently held the 3rd rank, and #Hash, maintaining the 2nd position throughout the same period. Interestingly, Cannalicious Labs outperformed Rkive Cannabis by April, despite Rkive Cannabis holding a higher rank in the preceding months. Another competitor, Common Citizen, also showed improvement, but Cannalicious Labs' sales and rank growth suggest a more robust market presence and consumer preference. This dynamic indicates a competitive edge for Cannalicious Labs, positioning it as a strong player in Michigan's concentrates market, with a clear upward momentum in both sales and market rank against its competitors.

Cannalicious Labs market ranking for MI Concentrates

Cannalicious Labs

Notable Products

In April 2024, Cannalicious Labs saw the Watermelon RSO High Dose Gummies 10-Pack (200mg) as its top-selling product, with sales reaching 7660 units, marking its rise to the top from the second position in previous months. Following closely behind was the Mixed Berry RSO Rest Gummies 10-Pack (200mg), which had consistently held the top spot until it was overtaken in April, now ranking second. The Recovery - Mango RSO Gummies 10-Pack (200mg) maintained its third-place ranking throughout the first quarter, with a notable dip in sales in April. The Recovery - Pear RSO Gummies 10-Pack (200mg) improved its position to fourth in April, up from fifth in February and March, indicating a positive sales trajectory. Lastly, the Original - Cherry RSO Nano Gummies 10-Pack (200mg) rounded out the top five, despite a slight decrease in sales compared to the previous month.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Watermelon RSO High Dose Gummies 10-Pack (200mg)
Edible
2
2
2
1
Mixed Berry RSO Rest Gummies 10-Pack (200mg)
Edible
1
1
1
2
Recovery - Mango RSO Gummies 10-Pack (200mg)
Edible
3
3
3
3
Recovery - Pear RSO Gummies 10-Pack (200mg)
Edible
4
5
5
4
Original - Cherry RSO Nano Gummies 10-Pack (200mg)
Edible
5
4
4
5
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