Help your business understand where money is best spent by utilizing cannabis data analytics applications. Increase daily, weekly, monthly, quarterly and yearly profits through production optimization, extraction data collection, and retail data analysis. These programs will help your operation identify major weaknesses and develop them into strengths. HYC will collect, manage, and analyze important data at optimal speed. Higher Yields Consulting will help you ask the right questions.
STAY AHEAD OF THE COMPETITION with
Cannabis Data Analytics
Cannabis MARKET DATA. IN REAL TIME
Quickly gathering information about competition is critical to success. Discover your competitors brand and product margins, retail pricing, and market penetration. Make data-driven decisions, based on actionable data, published in real-time. Our market intelligence information is based on a broad usage of retail and dispensary integrations, looking at transactions in aggregate to identify market trends. Dive into specific product manufacturer brands to find out where the majority of their revenues are generated, what’s working, and what’s not. No more surprise competitors spotted on the shelf – get updates on new products and brand introductions immediately. This industry moves fast, you need the tools to stay ahead.
Contact Us To Learn More About our Data Analytics Services
If you have any questions regarding our METRC services, or any of our other services, don’t hesitate to contact us using the form below. One of our employees will contact you within 1 business day.
WHY DATA ANALYTICS FOR YOUR CANNABIS BUSINESS?
Identifying new opportunities has never been easier. Discover gaps in the marketplace from trending segments to price points underserved. Where your competitors aren’t, you can be first, capturing and dominating the market.
Explore pricing, category, segment, and brand trends to find the next big opportunity so you can create the next big product to drive your continued success in the market. HYC can help your business understand what consumers are buying, but most importantly WHY they are buying certain products allowing your business to excel.
As a product manufacturer, get key insights about your rank within the overall market, and how you perform at individual retailers and dispensaries. Our market data illustrates how you stack up next to the competition and is invaluable for brand positioning when approaching new or existing clients.
Our live inventory data can help you maintain your client retail and dispensary accounts, and understand how well you perform at individual stores via stock levels, average sales, and retail price.
NO MORE SURPRISES
Cannabis companies can use serious data to improve their business models, whether that’s for retailers trying to decide what strains to carry or for cultivators trying to decide which strains to grow.
For example, HYC has 20 million transactions involving 20,000 products already in our database. Retailers can use this information to figure out which edibles are most popular with customers, or help manufacturers decide if they need to change their marketing or packaging strategy to increase sales.