Apr-2024
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Overview
Market Insights Snapshot
In the cannabis market, High Supply / Supply has shown notable performance across various categories, particularly in Illinois and Massachusetts. In Illinois, the brand has maintained a consistent top position in the Flower category from January to April 2024, with sales peaking in April at over 10 million. This dominant position in the Flower category underscores the brand's strong market presence and consumer preference in Illinois. However, in the Vapor Pens category within the same state, the brand experienced a slight decline, moving from the 12th position in January to the 16th by April, indicating a potential area for improvement or increased competition. The introduction in the Concentrates category in April at the 6th position is also noteworthy, suggesting a strategic expansion into new product lines.
Contrastingly, in Michigan, High Supply / Supply's performance in the Flower category shows variability, with a ranking fluctuation from the 3rd position in January to the 9th by April 2024, alongside a noticeable dip in sales. This trend may reflect changing consumer preferences or intensifying competition within the state. Meanwhile, in Massachusetts, the brand has consistently secured the 2nd rank in the Flower category from January to April, demonstrating strong market performance and brand loyalty among consumers in this region. The consistent rankings, coupled with a significant sales figure in March, highlight the brand's robust position in Massachusetts. These insights into state-by-state performance across different categories reveal the brand's overall market strength and areas where strategic adjustments could enhance its market share and consumer appeal.
Competitive Landscape
In the competitive landscape of the cannabis flower category in Illinois, High Supply / Supply has maintained a dominant position, consistently ranking 1st from January to April 2024. This performance is notable when compared to its closest competitors, Ozone and Rythm, which have secured the 2nd and 3rd positions respectively in the same timeframe. High Supply / Supply's sales have shown a robust upward trend, increasing from January to April, and significantly outpacing Ozone, which, despite holding the 2nd rank, trails behind in sales. Rythm, while maintaining the 3rd position, has seen a steady increase in sales, yet it still does not match the sales volume of High Supply / Supply. This analysis underscores High Supply / Supply's strong market presence and its ability to maintain a lead over competitors, suggesting a well-established brand preference and loyalty among consumers in Illinois's cannabis flower market.
Notable Products
In April 2024, High Supply / Supply's top-performing product was Grease Monkey x Tina (3.5g) from the Flower category, achieving the number one rank with sales reaching 6006 units. Following in second place was Red Delicious (28g), also in the Flower category, marking its debut in the rankings for the month. The third spot was taken by Board Wax Shake (7g), another newcomer in the Flower category. London Pound Mints Pre-Roll (1g) and Gastro Pop Pre-Roll (1g) from the Pre-Roll category secured the fourth and fifth positions, respectively. Notably, the rankings of Grease Monkey x Tina (3.5g) improved from the previous months, moving up from a consistent third place to lead in April.