.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Altered Alchemy has demonstrated remarkable consistency in the Concentrates category in Oregon, holding the top rank from March through June 2024. This stability is underscored by a notable increase in sales, with a jump from $1,266,428 in April to $1,457,556 in June. Such performance indicates a strong market presence and consumer preference within this category. However, the Vapor Pens category tells a different story. Despite maintaining a presence within the top 30, Altered Alchemy's rankings have fluctuated, peaking at 24th in March and dropping to 28th in May before climbing slightly to 26th in June. This fluctuation suggests potential challenges in maintaining a competitive edge in this category.
The absence of Altered Alchemy from the top 30 brands in any other states or categories during this period could be seen as a limitation in their market penetration beyond Oregon. While their dominance in the Concentrates category is commendable, the brand's performance in the Vapor Pens category indicates room for improvement and potential growth. The mixed performance across categories highlights the importance of strategic focus and perhaps the need for targeted marketing efforts to bolster their standings in less dominant segments. For a more comprehensive understanding of Altered Alchemy's market dynamics, further analysis of their strategies and consumer insights would be beneficial.
Competitive Landscape
In the Oregon concentrates market, Altered Alchemy has maintained a consistent top rank from March to June 2024, showcasing its dominance in this category. Despite a slight dip in sales in April, the brand quickly rebounded, achieving a notable increase in June. This stability is particularly impressive given the competitive landscape. For instance, Dr. Jolly's has shown a steady performance, holding the 4th rank in March and April before climbing to 2nd place in May and June. Meanwhile, White Label Extracts experienced more fluctuation, peaking at 2nd in April but dropping to 5th in May before recovering to 3rd in June. These shifts highlight the competitive pressures Altered Alchemy faces, yet its ability to sustain the top position underscores its strong market presence and consumer loyalty. For a deeper dive into these trends and how they might impact future sales, advanced data insights are invaluable.
Notable Products
In June 2024, Altered Alchemy's top-performing product was Tropical Sunrise Cured Resin (1g) in the Concentrates category, achieving the highest sales figure of 5008 units. Caribbean Breeze Cured Resin (1g) and Purple Martian Cured Resin (1g) followed in second and third place, respectively. Emergency Cured Resin (1g) maintained its fourth-place ranking from the previous month, with sales slightly decreasing from 3551 units in May to 3533 units in June. Tigre Blanco Cured Resin (1g) rounded out the top five. Notably, Tropical Sunrise Cured Resin (1g) and the other top products were not ranked in the preceding months, indicating a significant rise in their popularity in June.
Top Selling Cannabis Brands
