Goldkine

Data Snapshot: Jun 11, 2024
Goldkine Cannabis Brand Logo
$1M+

May-2024

Sales

Neutral

Trend

6-Month

165

Product Count

SKUs

Goldkine

Overview

Goldkine is establishing itself as Michigan's leading luxury cannabis brand, leveraging the diverse expertise of its founding team to deliver unparalleled products and exceptional service. The brand won the 2021 Clio Cannabis Bronze for its effective branding and is quickly gaining recognition for its premium strains. Underpinned by a strong commitment to craft cannabis products, Goldkine is becoming a key driver in the luxury cannabis market.
Markets

Goldkine Locations

Product Trends

Goldkine Categories

Goldkine Sales

Market Insights Snapshot

Goldkine Historical Sales by Category

Goldkine's performance in the Michigan market has shown significant fluctuations across different categories over the past few months. In the Flower category, Goldkine ranked 18th in February 2024 and saw a notable improvement to 11th place in March. However, the brand experienced a decline in subsequent months, falling to 21st in April and 23rd in May. This downward trend may be a cause for concern, suggesting potential competitive pressures or shifts in consumer preferences. The brand’s sales figures also reflect this volatility, with a peak in March followed by a steady decrease in the following months.

In the Pre-Roll category, Goldkine's performance has been more concerning. The brand started at 17th place in February 2024 but dropped to 20th in March and further down to 29th in April. By May, Goldkine was no longer in the top 30, indicating a significant loss in market position. This downward spiral in rankings is mirrored by a consistent decline in sales, which could imply that the brand is struggling to maintain its foothold in this segment. The lack of a top 30 ranking in May is particularly alarming and suggests that Goldkine may need to reassess its strategy in the Pre-Roll category to regain market share.

May-2024 Rank
Flower
Pre-Roll
23
34
Goldkine

Competitive Landscape

In the competitive landscape of the Michigan Flower category, Goldkine has shown notable fluctuations in rank and sales over the past few months. Goldkine experienced a significant rise in rank from 18th in February 2024 to 11th in March 2024, accompanied by a substantial increase in sales. However, the brand saw a decline to 21st in April and 23rd in May, indicating a potential challenge in maintaining its market position. Competitors such as Grown Rogue and Skymint have also experienced fluctuations, with Grown Rogue dropping out of the top 20 by May and Skymint showing a more stable, albeit slightly declining, trend. Meanwhile, High Life Farms and Glorious Cannabis Co. have had mixed results, with High Life Farms re-entering the top 20 in May and Glorious Cannabis Co. showing a slight decline. These dynamics suggest that while Goldkine has the potential for rapid growth, sustaining its position amidst fierce competition requires strategic adjustments.

Goldkine market ranking for MI Flower

Goldkine

Notable Products

In May-2024, the top-performing product from Goldkine was Donkey Butter (3.5g) in the Flower category, leading the sales with a notable figure of 3432 units sold. Lime OG Pre-Roll (1g) secured the second position, showing a slight decline from its consistent first-place ranking in February and March. Georgia Pie (3.5g) came in third, while MAC Berry (Bulk) and Peanut Butter Pie #5 (Bulk) followed in fourth and fifth places respectively. Notably, the Lime OG Pre-Roll experienced a drop in ranking despite robust sales figures. This shift indicates a strong performance for Donkey Butter, which was not ranked in previous months but surged to the top in May.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Donkey Butter (3.5g)
Flower
>5
>5
>5
1
Lime OG Pre-Roll (1g)
Pre-Roll
1
1
>5
2
Georgia Pie (3.5g)
Flower
>5
>5
>5
3
MAC Berry (Bulk)
Flower
>5
>5
>5
4
Peanut Butter Pie #5 (Bulk)
Flower
>5
>5
>5
5
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