Alchemist

Data Snapshot: May 05, 2024
Alchemist Cannabis Brand Logo
$50K+

Apr-2024

Sales

Neutral

Trend

6-Month

36

Product Count

SKUs

Alchemist

Overview

Alchemist is a reputable, Oregon-based cannabis brand known for its broad range of high-quality products, including live resin, budder, wax, vape cartridges, and RSO. Established in 2015, the brand prides itself on its crafting process, combining cannabis-derived terpenes with potent CO2 distillate to deliver strain-specific offerings, along with offering consultation on medicinal use and education on horticultural aspects. Stepping away from conventional cannabis clichés, Alchemist focuses on delivering a heightened, all-natural experience, reflecting its dedication to the larger community by focusing on connecting users with the power of plants.
Markets

Alchemist Locations

Product Trends

Alchemist Categories

Alchemist Sales

Market Insights Snapshot

Alchemist Historical Sales by Category

In the competitive cannabis market of Maryland, Alchemist has shown a notable performance in the Concentrates category, maintaining a presence within the top 15 brands from January to April 2024. Their ranking improved from 14th in January to 11th in February, a significant jump indicating growing consumer preference and possibly an effective marketing strategy or product quality improvement. However, the brand experienced a slight dip to 12th place in March and April, which could suggest a stabilization in their market position or increased competition. Despite these fluctuations, Alchemist's sales in February 2024 peaked at $55,290, highlighting a successful month before experiencing a gradual decline in the following months. This trend suggests that while Alchemist has captured consumer interest, maintaining momentum in a competitive category remains a challenge.

On the other hand, Alchemist's performance in the Vapor Pens category within the same state tells a different story. Initially ranked outside the top 30 brands in January 2024, they made a significant leap to enter the rankings at 34th place in February and saw minor fluctuations in the following months. This entry and subsequent positioning in the rankings indicate a growing interest in their Vapor Pens, albeit with room for improvement to climb higher. The sales figures, starting at $36,654 in January and experiencing a drop in March before slightly recovering in April, mirror the brand's struggle to consistently capture a larger share of the market. The contrast between their stable yet slightly declining position in Concentrates and their volatile but upward trajectory in Vapor Pens showcases the diverse challenges and opportunities Alchemist faces across different product categories in Maryland.

Apr-2024 Rank
Concentrates
Vapor Pens
12
35
Alchemist

Competitive Landscape

In the competitive landscape of the concentrates category in Maryland, Alchemist has shown a notable performance amidst its competitors. Starting at a rank of 14 in January 2024 and improving to 11 by February, Alchemist demonstrated an ability to climb the ranks, even though it slightly fell to 12 in March and settled at 12 again in April. This fluctuation in rank, however, did not significantly deter its sales trajectory, which saw a substantial increase from January to February, followed by a slight decrease towards April. Competitors such as MPX - Melting Point Extracts and Eden Solventless have shown varying degrees of competition, with MPX consistently ranking higher than Alchemist throughout the period, indicating a stronger market presence. On the other hand, Eden Solventless, despite a lower starting rank, managed to close the gap significantly by April. Another notable competitor, Kings & Queens, despite starting at the bottom, made a significant leap in March, surpassing Alchemist in rank, but fell behind again in April. This dynamic ranking and sales performance highlight the competitive nature of the concentrates market in Maryland, with Alchemist maintaining a solid position but facing stiff competition from both established and emerging brands.

Alchemist market ranking for MD Concentrates

Alchemist

Notable Products

In April 2024, Alchemist's top-selling product was the Fresh Maker Live Resin Cartridge (0.5g) within the Vapor Pens category, marking its debut in the rankings with impressive sales figures of 175 units. Following closely was the Apple Gelato Live Resin Badder (1g) from the Concentrates category, which held its position as a top performer, sliding from first place in previous months to second, showcasing its consistent popularity. The Frozen Margarita Live Resin Badder (1g), also a Concentrate, entered the rankings at third place, indicating a growing interest in diverse concentrate options. The Blue Dream Live Resin Sauce (1g) experienced a slight dip, moving from the top spot in March to fourth in April, reflecting shifting consumer preferences within the Concentrates category. Lastly, the Biscotti Sundae Live Resin Applesauce (1g) maintained its fifth position, demonstrating steady demand among Alchemist's offerings.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Fresh Maker Live Resin Cartridge (0.5g)
Vapor Pens
>5
>5
>5
1
Apple Gelato Live Resin Badder (1g)
Concentrates
1
1
2
2
Frozen Margarita Live Resin Badder (1g)
Concentrates
>5
>5
>5
3
Blue Dream Live Resin Sauce (1g)
Concentrates
>5
5
1
4
Biscotti Sundae Live Resin Applesauce (1g)
Concentrates
>5
>5
5
5
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