Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Appalachian Pharm has shown a mixed performance across different categories and states over the past few months. In Ohio, the brand has maintained a steady presence in the Edible category, holding the 27th rank in both March and April 2024. However, they did not make it into the top 30 in May and June, indicating a potential decline in their market share or increased competition. On the other hand, their performance in the Flower category in Ohio has been relatively strong, although there was a slight downward trend. The brand ranked 10th in March, slipped to 11th in April and May, and further dropped to 13th in June. This suggests that while they are still a significant player, there may be challenges impacting their consistent growth in this category.
Examining the sales figures, Appalachian Pharm experienced a notable peak in Flower sales in April 2024, reaching over $800,000, but this was followed by a decline in subsequent months. This fluctuation could be attributed to various factors such as changes in consumer preferences, market saturation, or seasonal variations. Despite the drop in rankings and sales in some areas, the brand's ability to maintain a position in the highly competitive Flower category in Ohio highlights its resilience and potential for recovery. The absence of Appalachian Pharm from the top 30 in the Edible category for May and June, however, signals a need for strategic adjustments to regain their foothold in that segment.
Competitive Landscape
In the competitive landscape of the Ohio flower category, Appalachian Pharm has experienced notable fluctuations in rank and sales over the past few months. Starting from a strong position at rank 10 in March 2024, the brand saw a slight decline to rank 13 by June 2024. This downward trend in rank is accompanied by a decrease in sales, from a peak of $806,305 in April 2024 to $537,619 in June 2024. Competitors such as Good Green and Find. have shown more stability, with Find. consistently maintaining a rank around 14-16 and Good Green making a significant jump from rank 29 in March to 15 in June. Meanwhile, Buckeye Relief and Eden's Trees also experienced rank fluctuations but managed to stay ahead of Appalachian Pharm in June. These trends suggest that while Appalachian Pharm remains a key player, it faces strong competition and must strategize to regain and maintain a higher rank in the Ohio flower market.
Notable Products
In June 2024, Runtz Berries (2.83g) emerged as the top-performing product for Appalachian Pharm, climbing from the second position in May to the first position with impressive sales of $3134. Runtz Berries Smalls (14.15g), which previously held the top spot, slipped to second place. The product Peace Train (2.83g) made a notable entry, securing the third rank with strong sales. Peace Train Budlets (14.15g) ranked fourth, showing a decline from its second position in March. Dove Barz Smalls (14.15g) maintained its fifth position, consistent with its ranking in April.