.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
GreenCo Ventures has shown notable performance in the Michigan market, particularly in the Concentrates category. The brand has made significant strides, moving from a rank of 66 in March 2024 to 17 by June 2024. This upward trajectory is indicative of their growing popularity and acceptance among consumers. However, their performance in the Pre-Roll category has been less consistent, with rankings of 78 in April 2024 and 91 in June 2024, and missing from the top 30 in other months. This inconsistency could point to challenges in maintaining a steady market presence in this category.
In terms of Vapor Pens, GreenCo Ventures was ranked 96 in March 2024 but did not appear in the top 30 in subsequent months, suggesting a struggle to gain traction in this segment. The absence of rankings in the top 30 for three consecutive months is a concerning sign and indicates potential areas for improvement. On the other hand, the brand's overall sales in Michigan have shown a positive trend, particularly in the Concentrates category, where sales increased from $69,858 in March to $250,780 in June 2024. This growth highlights the brand's strong performance in certain niches, even as it faces challenges in others.
Competitive Landscape
In the Michigan concentrates market, GreenCo Ventures has shown a notable fluctuation in its rank and sales over the past few months. Starting from a low rank of 66 in March 2024, GreenCo Ventures made a significant leap to rank 27 in April 2024, maintaining a steady position at rank 26 in May 2024, before slightly dropping to rank 17 in June 2024. This upward trend in rank is mirrored by a substantial increase in sales, peaking at $250,780 in June 2024. In comparison, Cloud Cover (C3) and ErrlKing Concentrates have also shown strong performance, with Cloud Cover (C3) climbing from rank 39 to 15 and ErrlKing Concentrates moving from rank 37 to 18 over the same period. Meanwhile, Lit Labs experienced a dramatic rise from rank 61 to 16, indicating a highly competitive landscape. Despite the strong competition, GreenCo Ventures' consistent improvement in rank and sales positions it as a formidable player in the Michigan concentrates market, suggesting a positive long-term trend for the brand.
Notable Products
In June 2024, the top-performing product for GreenCo Ventures was Goddess Pre-Roll (1g), securing the first rank with sales of $6,580. Cadillac Rainbow Pre-Roll (1g) followed closely in second place, maintaining a strong presence from its previous third position in April 2024. Grenadine Pre-Roll (1g) ranked third, showing consistency in its performance from its fourth place in April 2024. Khalifa Kush x Lemon Cherry Gelato Pre-Roll (1g) took the fourth position, marking its debut in the rankings. Candy Rain Live Resin (1g) rounded out the top five, experiencing a slight drop from its second position in May 2024.
Top Selling Cannabis Brands
