Goldsmith Extracts

Data Snapshot: May 05, 2024
Goldsmith Extracts Cannabis Brand Logo
$100K+

Apr-2024

Sales

Decline

Trend

6-Month

71

Product Count

SKUs

Goldsmith Extracts

Overview

Goldsmith Extracts is a leading cannabis brand renowned for producing some of the most potent and flavorful extracts in the industry, providing an array of products such as syringes, cartridges, pods, and more. With a notable commitment to quality, the brand generates its offerings leveraging sophisticated extraction methods, consistently delivering high-THC and CBD percentages. Praised for its distinct distillate cartridge, Goldsmith Extracts offers consumers a pure, potent, and full-flavored vaping experience.
Markets

Goldsmith Extracts Locations

Product Trends

Goldsmith Extracts Categories

Goldsmith Extracts Sales

Market Insights Snapshot

Goldsmith Extracts Historical Sales by Category

In Arizona, Goldsmith Extracts has shown consistent performance in the Concentrates category, maintaining its position within the top 15 from January to April 2024. This stability is a positive indicator, especially in a competitive market where fluctuations are common. The slight fluctuation between the 13th and 14th ranks over these months suggests a stable consumer base and possibly a steady demand for their concentrates. However, not breaking into the top 10 might indicate room for growth or increased marketing efforts to capture a larger market share. The sales figures in January, starting at 107,197 and experiencing a dip in February before rising again in March and April, reflect a resilience in sales performance despite market challenges.

On the other hand, Goldsmith Extracts' performance in the Vapor Pens category within the same state shows a bit more volatility. Starting at the 18th rank in January and experiencing a peak at the 20th position by April, with a slight dip to the 23rd rank in February, indicates a fluctuating market presence. This inconsistency could be attributed to various factors including competitive pressures or consumer preferences shifting. Despite these challenges, the brand managed to remain in the top 30, which is commendable. However, the movement away from a stronger position early in the year to a lower ranking by April could signal the need for strategic adjustments to reclaim and improve their market standing in this category. The sales trajectory, peaking in March before a drop in April, mirrors this volatility and suggests that while there is interest in their Vapor Pens, sustaining and growing this interest could be an area for focus.

Apr-2024 Rank
Concentrates
Vapor Pens
13
20
Goldsmith Extracts

Competitive Landscape

In the competitive landscape of the Vapor Pens category in Arizona, Goldsmith Extracts has experienced fluctuating ranks over the recent months, indicating a dynamic position within the market. Initially ranked 18th in January 2024, it saw a slight decline to 23rd in February, before improving its standing to 20th in March and maintaining this rank into April. This trajectory suggests a resilience in sales performance amidst stiff competition. Notably, Flav, despite experiencing a decline from 10th to 18th rank over the same period, consistently outperformed Goldsmith Extracts in sales volume, highlighting the challenge Goldsmith Extracts faces in capturing a larger market share. Similarly, Jukebox showed a decline in rank but remained ahead of Goldsmith Extracts, underscoring the competitive pressure. Meanwhile, brands like Aeriz and Fade Co. also fluctuated in rankings but did not surpass Goldsmith Extracts in April, suggesting an opportunity for Goldsmith Extracts to solidify and possibly improve its market position by focusing on differentiating factors and consumer preferences to navigate the competitive dynamics more effectively.

Goldsmith Extracts market ranking for AZ Vapor Pens

Goldsmith Extracts

Notable Products

In April 2024, Goldsmith Extracts saw Purple Punch Badder (1g) leading their sales with a remarkable figure of 841 units, reclaiming its top position from earlier in the year. Mimosa Distillate Syringe (1g) followed closely behind, showcasing significant growth by moving up to the second rank, despite not being ranked in February. Grand Daddy Purple Distillate Syringe (1g), previously leading in March, dropped to the third spot in April, indicating a slight shift in consumer preferences within the concentrates category. GG #4 Badder (1g) made a comeback to the rankings at fourth place after a hiatus, reflecting changing market dynamics. Sour Tangie Distillate Syringe (1g) entered the charts at the fifth position, highlighting the continuous demand for diverse product offerings from Goldsmith Extracts.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Purple Punch Badder (1g)
Concentrates
1
2
3
1
Mimosa Distillate Syringe (1g)
Concentrates
3
>5
5
2
Grand Daddy Purple Distillate Syringe (1g)
Concentrates
5
1
1
3
GG #4 Badder (1g)
Concentrates
2
>5
>5
4
Sour Tangie Distillate Syringe (1g)
Concentrates
>5
>5
>5
5
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