Apr 2021 Case Study Cannabis Video PAX Uses Basis DSP to Lower Cost Per Acquisition and Engage New Audiences The Story Leading cannabis vaporizer brand PAX was looking for a partner to help navigate the ever-changing regulations, cannabis ad landscape, and new inventory opportunities. To meet these needs, PAX teamed up with Basis Technologies as a Media Execution client. As a result, they get the best of both worlds—a full team of world class media experts and access to the Basis platform. The Challenge The expected cannabis targeting segments are getting crowded, so it is important for PAX to find and target new audiences. Additionally, as a new entrant to digital advertising, PAX needed to test and learn ways to communicate (channels, formats, messaging, and more). Goals While maintaining brand image and equity: Focus on business-moving metrics Go beyond the expected and engage new audiences Lean into the flexibility of digital and test various creative messaging and formats Campaign Details Estimated Volume: 340MM impressions Target Audience: Open-minded consumer, A21+ with several other niche audiences targeted Inventory: 13 partners covering both programmatic and site-direct Geography: Various US states Formats: Display, video, and native across desktop, mobile, and tablet Timing: Multi-phase annual campaign, with built-in strategy re-evaluation The Results 2,200+ sales attributed to advertising $64 Cost-per-Store Locator (Goal: $75) 80% Video completion rate (Goal: 70%) $170 Cost-per-Acquisition (Goal: $175) ~ Download Case Study Connect With Us
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