Beehive Extracts

Data Snapshot: Apr 04, 2024
Beehive Extracts Cannabis Brand Logo
$100K+

Mar-2024

Sales

Decline

Trend

6-Month

66

Product Count

SKUs

Beehive Extracts

Overview

Emerging from Portland, Oregon, Beehive Extracts has developed a reputable name as a premier cannabis extraction company. The company is renowned for crafting high-quality cannabis extracts, including their creamy and rich White Diamond badder, often sourcing from local farms and cultivators like Lucky Lion and Fractale Farms. The brand is distinguished by not only its quality but also its commitment to the community, involving cannabis processors in its production, which adds a level of local authenticity to its products.
Markets

Beehive Extracts Locations

Product Trends

Beehive Extracts Categories

Beehive Extracts Sales

Market Insights Snapshot

Beehive Extracts Historical Sales by Category

In Oregon, Beehive Extracts has shown a notable performance in the concentrates category, maintaining a position within the top 20 brands for the observed period. Starting at rank 12 in December 2023 and slightly fluctuating to rank 19 by March 2024, this movement indicates a consistent presence in the market despite a slight dip in ranking. The sales figures reflect a peak in January 2024 with $171,743, followed by a gradual decrease to $109,879 by March 2024. This trend suggests that while Beehive Extracts remains a preferred choice among consumers for concentrates, there may be challenges in maintaining their market position against competitors or shifts in consumer preferences within the Oregon market.

However, the performance of Beehive Extracts in the vapor pens category within Oregon tells a different story. Here, the brand struggled to secure a spot within the top 30 brands, with rankings fluctuating outside this range from December 2023 through March 2024. The decline from rank 42 in December to rank 55 in March highlights potential challenges in capturing and sustaining a significant share of the vapor pen market. This downward trend, coupled with a noticeable drop in sales from $74,486 in December 2023 to $45,661 by March 2024, underscores the brand's difficulties in this category. It suggests that Beehive Extracts may need to reassess their market strategies or product offerings to improve their standing in the highly competitive vapor pens segment.

Mar-2024 Rank
Concentrates
Vapor Pens
19
55
Beehive Extracts

Competitive Landscape

In the competitive landscape of the concentrates category in Oregon, Beehive Extracts has experienced a notable shift in its market position. Initially ranked 12th in December 2023, it maintained its position into January 2024 but slipped to 13th in February and further down to 19th by March 2024. This decline in rank is indicative of the challenges Beehive Extracts faces amidst its competitors. For instance, Focus North showed a remarkable improvement, moving from being unranked to 16th in February and further climbing to 18th by March, suggesting a significant increase in their market share. Similarly, Sessions Supply Co. made an impressive leap from being far behind in the rankings to securing the 20th spot by March, closely trailing Beehive Extracts. On the other hand, Disco Dabs, despite a drop in rank from 5th to 17th from December to March, remains a strong competitor with higher sales figures compared to Beehive Extracts. Meanwhile, Higher Cultures also saw a decline, hinting at the volatile nature of the concentrates market in Oregon. These movements underscore the competitive pressures and the dynamic market conditions that Beehive Extracts must navigate to improve or maintain its market position.

Beehive Extracts market ranking for OR Concentrates

Beehive Extracts

Notable Products

In March 2024, Beehive Extracts saw Tickle Burger Badder (1g) as its top-performing product in the concentrates category, with impressive sales reaching 761 units. Following closely, Superboof Badder (1g) and Dream Factory Badder (1g) secured the second and third spots, respectively, indicating a strong preference for concentrates among consumers. Notably, Dream Factory Badder (1g) maintained its third-place ranking from February 2024, showcasing consistent demand. Miracle Fruit Badder (1g) and Faygo Fireworks Badder (1g) rounded out the top five, highlighting a diverse interest in Beehive Extracts' product offerings. This month's rankings reveal a significant shift in consumer preferences, with no previous data for these top products in the earlier months, suggesting a successful introduction of new items or a change in market trends.

Product Rank
Category
Dec-2023
Jan-2024
Feb-2024
Mar-2024
Tickle Burger Badder (1g)
Concentrates
>5
>5
>5
1
Superboof Badder (1g)
Concentrates
>5
>5
>5
2
Dream Factory Badder (1g)
Concentrates
>5
>5
3
3
Miracle Fruit Badder (1g)
Concentrates
>5
>5
>5
4
Faygo Fireworks Badder (1g)
Concentrates
>5
>5
>5
5
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