Market Insights Snapshot
Grow Sciences, a notable cannabis brand based in Arizona, has shown a mixed bag of results across various categories. In the Concentrates category, the brand has consistently ranked within the top four from July to October 2023. However, there has been a slight downward trend with the brand slipping from the 2nd position in July and August to the 4th position in October. This trend is mirrored in the sales figures, which peaked at 622,587 in August and then dropped to 438,766 in October. The brand's performance in the Flower category has also seen a slight dip, moving from the 11th position in July to the 16th position in October.
In the Edibles category, the performance of Grow Sciences has been less consistent. The brand was ranked 19th in July, but by October, it had slipped to the 36th position, indicating that it was not among the top 20 brands in this category for that month. The Pre-Roll and Vapor Pens categories have seen relatively stable rankings, with minor fluctuations. Notably, the sales in the Vapor Pens category have seen a significant downward trend, from 376,766 in July to 189,782 in October. As we continue to monitor the performance of Grow Sciences, these trends and movements will provide valuable insights into the brand's market positioning and strategy.
In the Flower category within the Arizona market, Grow Sciences has been experiencing a slight downward trend in rank from July to October 2023, moving from 11th to 16th place. This indicates a decrease in sales, as they are being outperformed by competitors like Copperstate Farms, Nectar Farms, and Item Nine Labs. Interestingly, Grassroots, which was not in the top 20 brands in July, has made a significant jump to 14th place by October, implying a substantial increase in sales. Meanwhile, Copperstate Farms, despite having a higher rank than Grow Sciences in July, has seen a drop in rank and presumably sales, falling to 17th place by October. Nectar Farms and Item Nine Labs have both seen improvements in their rankings, suggesting an increase in sales, but they remain ranked lower than Grow Sciences.
In October 2023, the top-performing product from Grow Sciences was the 'Wedding Cake Live Resin Badder (1g)' from the Concentrates category, which climbed from the 5th position in September to secure the top spot. Following closely in second place was the 'Banana Cream X Jealousy Live Resin Badder (1g)', maintaining its rank from the previous month. The 'Topanga x Mike Larry Live Resin Badder (1g)' made its debut in the rankings at the third position. The 'Triangle Lemons Live Resin Badder (1g)' consistently held the 4th rank over the past four months. The 'Puddles (3.7g)' from the Flower category also made its first appearance in the rankings at the 5th position. Notably, the 'Wedding Cake Live Resin Badder (1g)' saw a significant increase in sales, doubling from 1182 units in September to 2364 units in October.