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Aug-2024
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Overview
Market Insights Snapshot
Bobsled Extracts has shown varied performance across different product categories in Oregon. In the Concentrates category, the brand experienced a downward trend, moving from a rank of 3 in May 2024 to 13 by August 2024. This decline in ranking is coupled with a decrease in sales, indicating potential issues with market competition or consumer preference. Conversely, in the Tincture & Sublingual category, Bobsled Extracts showed a more stable performance, fluctuating between ranks 5 and 10, with a notable rebound to rank 8 in August 2024. This suggests a more resilient demand for their products in this segment, despite the overall market challenges.
In the Vapor Pens category, Bobsled Extracts faced significant challenges, never breaking into the top 20 and ultimately falling out of the top 30 by August 2024. This consistent low ranking highlights a critical area for improvement as the brand struggles to gain traction in this competitive category. The sales figures reflect this struggle, with a sharp decline from May to August 2024. Overall, while Bobsled Extracts has maintained some stability in certain categories, the brand's performance across others indicates areas that may require strategic adjustments to enhance market presence and consumer appeal.
Competitive Landscape
Bobsled Extracts has experienced significant fluctuations in its rank within the Oregon concentrates market over the past few months, which has had a notable impact on its sales. Starting strong in May 2024 with a rank of 3, Bobsled Extracts saw a decline to rank 13 by August 2024. This drop in rank corresponds with a decrease in sales from $267,581 in May to $120,639 in August. In contrast, competitors like Siskiyou Sungrown have shown a remarkable upward trend, climbing from rank 52 in May to 14 in August, which is reflected in their sales increase from $26,815 to $117,200. Buddies has maintained a stable position around rank 12, with consistent sales figures around $140,000. Another notable competitor, Happy Cabbage Farms, improved its rank from 19 in May to 11 in August, with sales rising from $89,029 to $147,161. These trends highlight the competitive nature of the Oregon concentrates market and suggest that Bobsled Extracts may need to reassess its strategies to regain its earlier momentum.
Notable Products
In August 2024, the top-performing product from Bobsled Extracts was Magic Melon Cured Resin Cartridge (1g) in the Vapor Pens category, leading with sales of 858 units. The Blackberry Cured Resin (1g) in the Concentrates category followed closely in second place. Super Lemon Haze Live Resin Cartridge (1g), also in Vapor Pens, secured the third position. Dream Berry Cured Resin (1g) and Mendo Breath Live Resin (1g), both in the Concentrates category, ranked fourth and fifth, respectively. Notably, these products did not appear in the top rankings in the previous months, indicating a significant surge in their popularity in August 2024.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
