Drip Oils + Extracts

Data Snapshot: May 04, 2024
Drip Oils + Extracts Cannabis Brand Logo
$500K+

Apr-2024

Sales

Decline

Trend

6-Month

182

Product Count

SKUs

Drip Oils + Extracts

Overview

Drip Oils + Extracts has earned a sterling reputation in the Arizona medical marijuana market for its exceptionally potent, connoisseur-grade cannabis concentrates, crafted from top-tier, boutique cannabis flower. As an award-winning extraction company supported by the renowned parent brand, tru|med, Drip epitomizes the balance of purity and potency, retaining a patient-over-profit philosophy. The brand is also notable for having won first place twice for Best Vape Pen in Arizona, underscoring its commitment to quality and innovation.
Markets

Drip Oils + Extracts Locations

Product Trends

Drip Oils + Extracts Categories

Drip Oils + Extracts Sales

Market Insights Snapshot

Drip Oils + Extracts Historical Sales by Category

In Arizona, Drip Oils + Extracts has shown a consistent performance in several categories, indicating a strong market presence. Notably, their Tincture & Sublingual and Topical categories have maintained the top position from January to April 2024, showcasing their dominance in these segments. The steady ranking at number 1 in both categories suggests a well-established consumer base and possibly a high level of consumer trust in their products. However, there's a different story in the Vapor Pens category, where the brand experienced a slight decline, moving from 9th to 12th place over the same period. This drop could indicate increased competition or shifting consumer preferences within the vapor pens market. Despite this, the Concentrates category remained stable at 6th place, reflecting a consistent demand for their products in this segment. Interestingly, the Pre-Roll category saw them ranked at 49th in January, with no further rankings provided, which might indicate a strategic withdrawal or a need to bolster their offerings in this area.

Meanwhile, in Michigan, Drip Oils + Extracts faced challenges in the Vapor Pens category, with their ranking progressively declining from 38th in January to 70th by April 2024. This downward trend could reflect significant challenges in either market penetration or consumer retention in a competitive landscape. The brand's performance in Michigan contrasts sharply with its strong standings in Arizona, suggesting regional market dynamics significantly influence brand success. The decline in rankings, coupled with a noticeable decrease in sales from January's 249,089 to April's 99,663, could point towards a need for strategic adjustments to reclaim and enhance their market position within Michigan. This comparison between states underscores the importance of understanding localized market trends and consumer preferences to tailor strategies effectively.

Apr-2024 Rank
Concentrates
Pre-Roll
Tincture & Sublingual
Topical
Vapor Pens
6
1
1
12
70
Drip Oils + Extracts

Competitive Landscape

In the competitive landscape of the Vapor Pens category in Arizona, Drip Oils + Extracts has experienced a notable fluctuation in its market position from January to April 2024. Starting the year strongly at 9th rank in January and peaking at 8th in February and March, Drip Oils + Extracts saw a slight dip to 12th place by April. This shift in rank is particularly interesting when considering the performance of its competitors. For instance, Rove made a significant leap into the top 20 by March and climbed further up by April, indicating a strong upward trajectory. Conversely, Dime Bag, despite a dip in February, recovered and surpassed Drip Oils + Extracts by April, moving up to 13th place. Meanwhile, CAKE she hits different and Mr. Honey Extracts have shown resilience and improvement in their rankings, ending up at 10th and 11th respectively by April. These movements suggest a highly competitive and dynamic market, where Drip Oils + Extracts must navigate carefully to maintain and improve its market position amidst aggressive competition and shifting consumer preferences.

Drip Oils + Extracts market ranking for AZ Vapor Pens

Drip Oils + Extracts

Notable Products

In April 2024, Drip Oils + Extracts saw High THC RSO (1g) from the Concentrates category maintain its top position with sales reaching 3944 units. Mimosa Distillate Cartridge (1g), within the Vapor Pens category, climbed up two spots from its March ranking to become the second best-selling product. Interestingly, CBD/CBG 1:1 Hemp Salve (500mg CBD, 500mg CBG) from the Topical category made a significant leap into the top three, despite not being ranked in the previous two months. Do-Si-Dos Distillate Cartridge (1g), another product from the Vapor Pens category, experienced a slight decline, moving from the second position in March to fourth in April. Lastly, Pineapple Express Distillate Disposable (1g) entered the rankings for the first time in April, securing the fifth position, highlighting a dynamic shift in consumer preferences within the Drip Oils + Extracts product lineup.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
High THC RSO (1g)
Concentrates
1
2
1
1
Mimosa Distillate Cartridge (1g)
Vapor Pens
4
3
4
2
CBD/CBG 1:1 Hemp Salve (500mg CBD, 500mg CBG)
Topical
>5
>5
3
3
Do-Si-Dos Distillate Cartridge (1g)
Vapor Pens
3
1
2
4
Pineapple Express Distillate Disposable (1g)
Vapor Pens
>5
>5
>5
5
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