LAS VEGAS – City Trees, the Nevada-based cannabis company devoted to innovation, production and distribution, celebrates continued growth with recent data listing City Trees as the top selling brand in select product categories. With the completion of its September rebrand, the brand is poised for continued growth and innovation through the remainder of the year.
According to figures generated by BDS Analytics, City Trees produced the top-selling products in the tincture product category in Nevada from January through August 2020. With a total of 37,142 units sold, these products generated over $1.7 million dollars in sales – approximately 44% more than the second best selling brand in the category. Of the top 10 products sold in the tincture category in 2020 through August, 4 were produced by City Trees. Of the $7.7 million tincture market in Nevada through September 2020, encompassing 34 different brands, City Trees held an average market share of 22.4%. In the overall ingestible category, City Trees’ 750mg Blue Agave tincture holds the 10th highest-ranking for total dollar value sold across 133 brands and a $71.9 million category. Although flower and concentrate categories represented a majority of the overall cannabis market in Nevada in 2020, innovative product development and clean, modern branding have propelled the brand and opened the door for category expansion.
Along with continued development and innovation in the ingestible category, City Trees is rising in Nevada’s vape category. In the first three quarters of 2020, the brand has risen from the 7th to the 5th highest selling brand, with the greatest rise occurring in the third quarter. In the ‘dabbable concentrate’ product category, unit sales rose by over 115% during the third quarter of 2020 compared to the same quarter in 2019. With a focus on quality, sustainability, and innovation, City Trees is showing brand growth across all of the product categories in which it currently operates. This division’s growth is further driven by the expansion and utilization of its expanded and enhanced extraction and innovation facility, allowing for a variety of anticipated collaboration projects, new product launches, and growing capacity for extraction and toll processing.
About City Trees
Founded in 2017, City Trees is a Nevada-based cannabis cultivation, production and distribution company. Offering a wide variety of products with consistent results, City Trees products are available in numerous dispensaries throughout the state of Nevada. https://citytrees.com