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Jun-2024
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Overview
Market Insights Snapshot
Bobsled Extracts has shown varying performance across different categories in Oregon. In the Concentrates category, the brand has experienced a slight decline in rankings, moving from the second position in March 2024 to the fourth position by June 2024. Despite this drop, the brand still maintains a strong presence in the top tier of this category. In the Tincture & Sublingual category, Bobsled Extracts has demonstrated a more stable performance, improving from ninth to seventh place in May before settling back to ninth in June. This suggests a competitive but steady position in the market, with some fluctuations in consumer preference or market dynamics.
In the Vapor Pens category, Bobsled Extracts has struggled to maintain a consistent top 30 presence, starting at the 25th position in March 2024 and slipping to 29th by June 2024. This indicates a more challenging environment for the brand in this particular category, which could be due to increased competition or changing consumer trends. Notably, the brand did not fall out of the top 30, which is a positive sign, but the downward trend suggests a need for strategic adjustments. These movements across categories highlight the dynamic nature of the cannabis market in Oregon and underscore the importance of closely monitoring performance metrics to adapt and thrive.
Competitive Landscape
In the Oregon concentrates market, Bobsled Extracts has experienced notable fluctuations in its rank over the past few months, moving from 2nd place in March 2024 to 4th place by June 2024. This shift indicates a competitive landscape where brands like Dr. Jolly's and White Label Extracts have shown stronger performance, with Dr. Jolly's consistently holding the 2nd position in both May and June 2024, and White Label Extracts reclaiming the 3rd spot in June 2024. Meanwhile, Oregrown and Echo Electuary have also been dynamic, with Echo Electuary notably improving its rank from 9th in April 2024 to 5th in June 2024. These movements suggest that while Bobsled Extracts remains a strong contender, the brand faces increasing competition and must strategize to regain its higher ranking and boost sales in this evolving market.
Notable Products
In June 2024, Bobsled Extracts saw Thai Cured Resin (1g) leading the sales charts, securing the top spot with sales amounting to $1745. Panama Red Cured Resin (1g) followed closely in second place, while Northern Lights Cured Resin (1g) took the third position. Notably, Strawberry Cough Cured Resin Cartridge (1g) and Lemon Thai Melted Diamonds + Cannabis Terpenes Cartridge (1g) ranked fourth and fifth, respectively. Compared to previous months, these products have shown significant improvement, as they were not ranked in the top five before June 2024. This surge indicates a growing consumer preference for these specific concentrates and vapor pens from Bobsled Extracts.
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