Rkive Cannabis

Data Snapshot: Apr 03, 2024
Rkive Cannabis Cannabis Brand Logo
$1M+

Mar-2024

Sales

Strong Growth

Trend

6-Month

93

Product Count

SKUs

Rkive Cannabis

Overview

Markets

Rkive Cannabis Locations

Product Trends

Rkive Cannabis Categories

Rkive Cannabis Sales

Market Insights Snapshot

Rkive Cannabis Historical Sales by Category

In Michigan, Rkive Cannabis has shown a notable performance across various categories, with a particularly strong presence in Concentrates, Flower, and Vapor Pens. Concentrates have seen an impressive trajectory, moving from the 8th position in December 2023 to the 4th in February 2024, before slightly dropping back to 8th in March 2024. This fluctuation, alongside a significant sales increase from December's $393,459 to February's $665,810, underscores the brand's volatility and potential in the concentrates market. Conversely, the Flower category has witnessed a steady ascent from a lower rank of 60th in December 2023 to 33rd by March 2024, indicating a growing consumer preference for Rkive Cannabis's flower products, highlighted by a substantial sales leap to $827,874 in March.

Furthermore, the brand's performance in the Vapor Pens category within Michigan has demonstrated resilience and growth. Maintaining a position in the mid-30s from December 2023 to February 2024, Rkive Cannabis made a significant jump to the 23rd spot by March 2024. This improvement is mirrored by a dramatic increase in sales, more than doubling from February's $216,936 to $437,509 in March. Such a movement not only highlights the brand's strengthening position in the vapor pens market but also suggests a growing consumer trust and interest in their offerings. However, the absence from the top 30 brands in any category for a month, as not observed in this dataset, would typically indicate challenges that could impact the brand's market positioning and consumer perception negatively.

Mar-2024 Rank
Concentrates
Flower
Vapor Pens
8
33
23
Rkive Cannabis

Competitive Landscape

In the competitive landscape of the Flower category within Michigan's cannabis market, Rkive Cannabis has shown a notable upward trajectory in terms of rank and sales from December 2023 to March 2024, moving from 60th to 33rd place. This improvement is significant when compared to its competitors. For instance, Zips and Fruit & Fuel have also seen improvements in their rankings, with Fruit & Fuel making a notable leap from 61st to 29th place, positioning it slightly above Rkive Cannabis by March 2024. On the other hand, Glorious Cannabis Co., despite a higher sales volume, experienced a slight decline in rank, moving from 17th to 34th place, just one position below Rkive Cannabis. Meanwhile, Apothecare showed a gradual improvement but remained below Rkive Cannabis in the rankings by March 2024. This competitive analysis highlights Rkive Cannabis's positive momentum in Michigan's Flower category, suggesting a growing market presence and consumer preference that could challenge even higher-ranked competitors in future months.

Rkive Cannabis market ranking for MI Flower

Rkive Cannabis

Notable Products

In March 2024, Rkive Cannabis saw Permanent Marker (3.5g) maintain its position as the top-selling product with remarkable sales figures reaching 10,705 units, showcasing its consistent popularity across previous months. Following closely, Black Maple (3.5g) climbed back into the rankings to secure the second spot, indicating a resurgence in its demand. Blue Nerds (3.5g) made a notable entry into the top three, highlighting a growing interest in diverse strains. Randy Watzon (3.5g) and Candy Fumez (3.5g) also showed strong performances, ranking fourth and fifth respectively, despite fluctuations in their rankings in the preceding months. These shifts illustrate the dynamic nature of consumer preferences within the cannabis market, with Rkive Cannabis adeptly meeting varied demands.

Product Rank
Category
Dec-2023
Jan-2024
Feb-2024
Mar-2024
Permanent Marker (3.5g)
Flower
1
1
1
1
Black Maple (3.5g)
Flower
3
3
>5
2
Blue Nerds (3.5g)
Flower
>5
>5
2
3
Randy Watzon (3.5g)
Flower
4
5
5
4
Candy Fumez (3.5g)
Flower
2
2
>5
5
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