Little Tree

Data Snapshot: Apr 04, 2024
Little Tree Cannabis Brand Logo
$100K+

Mar-2024

Sales

Neutral

Trend

6-Month

16

Product Count

SKUs

Little Tree

Overview

Markets

Little Tree Locations

Product Trends

Little Tree Categories

Little Tree Sales

Market Insights Snapshot

Little Tree Historical Sales by Category

In the edible category within Michigan, Little Tree has shown a fluctuating performance over the recent months. Starting from December 2023, where it ranked 28th with sales amounting to $217,666, it saw a positive trajectory moving up to 22nd by February 2024. This upward movement indicates a growing preference for Little Tree's edibles among Michigan consumers, underscored by a significant sales increase to $305,690 in February 2024. However, March 2024 brought a slight downturn, with the brand slipping to 26th in the rankings. This dip, while minor, suggests a competitive and volatile market in Michigan, where maintaining a top position requires constant innovation and consumer engagement.

It's crucial to note the absence of Little Tree from the top 30 brands in other states or categories, which could be perceived as a missed opportunity or a strategic focus on dominating the Michigan market before expanding elsewhere. The brand's performance in Michigan's edible category, with its initial rise followed by a slight fall, reflects the brand's current challenges and potential areas for growth. The detailed sales figures and ranking movements, particularly the peak in February 2024, highlight Little Tree's potential to capture and retain a significant market share, provided it navigates the competitive landscape effectively. The lack of visibility in other states or categories could either suggest a focused strategy on Michigan or a potential area for expansion and growth.

Mar-2024 Rank
Edible
26
Little Tree

Competitive Landscape

In the competitive landscape of the edible cannabis market in Michigan, Little Tree has shown a notable trajectory in terms of rank and sales over the recent months. Starting from December 2023, Little Tree was ranked 28th, improving its position to 22nd by February 2024, before experiencing a slight dip to 26th in March 2024. This fluctuation in rank is indicative of the brand's dynamic performance amidst stiff competition. Noteworthy competitors include Shattered Thoughts, which despite a higher starting rank in December, saw a decrease in rank and sales over the same period. Similarly, Muha Meds and High Minded have experienced significant rank changes, with High Minded notably improving its position to 24th by March 2024, surpassing Little Tree. Thunder Canna also remains a close competitor, ending up two ranks below Little Tree in March. The shifting ranks among these brands highlight the competitive volatility within the Michigan edible cannabis market, emphasizing the need for strategic marketing and product excellence to maintain or improve market standing.

Little Tree market ranking for MI Edible

Little Tree

Notable Products

In March 2024, Little Tree's top-selling product was Pineapple Gummies 10-Pack (200mg) with sales figures reaching 7747 units, maintaining its number one position from February. Following closely, Blue Watermelon Hash Rosin Gummies Chews 10-Pack (200mg) secured the second spot, indicating a slight drop from its top position in January 2024. The third place was held by Mango Gummies 10-Pack (200mg), consistent in its ranking since January. Notably, Cherry Gummies 10-Pack (200mg) saw a significant comeback, moving up to the fourth rank after not being ranked in February. Lastly, Red Razz Live Resin Gummies 10-Pack (200mg) rounded out the top five, marking its return to the rankings in March after a hiatus.

Product Rank
Category
Dec-2023
Jan-2024
Feb-2024
Mar-2024
Pineapple Gummies 10-Pack (200mg)
Edible
1
2
1
1
Blue Watermelon Hash Rosin Gummies Chews 10-Pack (200mg)
Edible
5
1
2
2
Mango Gummies 10-Pack (200mg)
Edible
>5
3
3
3
Cherry Gummies 10-Pack (200mg)
Edible
2
5
>5
4
Red Razz Live Resin Gummies 10-Pack (200mg)
Edible
3
4
>5
5
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