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Sep-2024
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Overview
Market Insights Snapshot
Uplyfted Cannabis Co. has shown varied performance across categories in the state of Michigan. In the Concentrates category, the brand made significant strides, improving its rank from 27th in June 2024 to 17th in July 2024. However, the upward momentum saw a slight dip by September 2024, settling at the 20th position. This fluctuation in ranking is mirrored by the sales trend, which peaked in July before experiencing a decline in September. In contrast, the Flower category tells a different story, where Uplyfted Cannabis Co. struggled to maintain a consistent top 30 position, dropping out in August before rebounding to 37th place in September. This rebound is noteworthy as it indicates potential resilience in a competitive market.
The Pre-Roll category presents a more challenging scenario for Uplyfted Cannabis Co. in Michigan. The brand's rank gradually slipped from 24th in June to 32nd by September 2024, reflecting a steady decline in market standing. This downward trend is accompanied by a corresponding decrease in sales figures, suggesting that the brand may need to reassess its strategy in this segment. The absence of Uplyfted Cannabis Co. in the top 30 for certain months across categories highlights areas for potential improvement and strategic focus. Overall, while there are pockets of growth and resilience, there are also clear challenges that the brand faces in maintaining a strong presence across all categories in Michigan.
Competitive Landscape
In the Michigan flower category, Uplyfted Cannabis Co. experienced a fluctuating rank over the summer months of 2024, starting at 41st in June, dipping to 54th in August, and climbing back to 37th by September. This volatility in rank is mirrored by its sales performance, which saw a dip in August but rebounded in September. Notably, Glorious Cannabis Co. started strong in June at 14th but saw a significant decline to 39th by September, indicating potential market challenges. Meanwhile, Redbud Roots maintained a relatively stable position, peaking at 27th in August before slightly dropping to 32nd in September, suggesting a more consistent sales trajectory. The rise of Cresco Labs from 84th in June to 30th in September highlights a significant upward trend, potentially posing a competitive threat to Uplyfted Cannabis Co. as they vie for market share in Michigan's dynamic flower category.
Notable Products
In September 2024, Uplyfted Cannabis Co.'s top-performing product was Canal St. Runtz (3.5g) from the Flower category, which climbed to the number one rank with sales of 5235.0. This product showed a significant leap from its previous fifth position in July 2024. Permanent Marker Pre-Roll (1g) maintained a strong presence, securing the second spot after leading in August 2024. Banaconda Pre-Roll (1g) retained a consistent top-three position, dropping from second to third place. Jelly Pop (3.5g) made its debut in the rankings at fourth position, while Cap Junky (3.5g) remained stable in fifth place, showing a steady increase in sales from August to September 2024.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
