.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
The performance of Canyon in the Colorado edibles market shows some interesting trends over the past few months. Starting in March 2024, Canyon was ranked 16th, but experienced a slight decline to 17th in April. This downward movement continued into May where they reached 19th, before recovering back to the 17th spot in June. This fluctuation in ranking indicates a competitive marketplace where Canyon is maintaining a presence but facing challenges in climbing higher. The sales figures reflect this as well, with a noticeable dip in April but a recovery in subsequent months, suggesting a resilient but volatile performance.
Across other states and categories, Canyon's presence is less prominent, as they do not appear in the top 30 brands outside of Colorado for the months analyzed. This absence could be interpreted as a need for Canyon to either expand its market reach or enhance its competitiveness in other regions. The focus on the Colorado edibles market might indicate a strategic choice or a limitation in resources. Understanding these dynamics can provide valuable insights into Canyon's market strategy and potential areas for growth or improvement.
Competitive Landscape
In the competitive landscape of the Colorado edible cannabis market, Canyon has experienced fluctuating ranks over recent months, moving from 16th in March 2024 to 17th in April, 19th in May, and back to 17th in June. This indicates a relatively stable but slightly declining position. Notably, Rebel Edibles and DOSD Edibles have shown similar volatility, with Rebel Edibles dropping out of the top 20 in May but rebounding to 16th in June, and DOSD Edibles peaking at 14th in May before falling to 19th in June. NFuzed has maintained a stronger position, though it too has seen a decline from 8th in March to 15th in June. The entry of Revel (CO) into the top 20 in June at 18th, after not being ranked in the previous months, suggests increasing competition. These dynamics highlight the competitive pressures Canyon faces, with its rank and sales being influenced by the performance and market strategies of these key competitors.
Notable Products
In June 2024, the top-performing product for Canyon was Chew It - CBD/THC 1:1 Sour Lemonade Gummies 40-Pack (100mg CBD, 100mg THC), maintaining its first-place ranking from the previous two months with notable sales of 1370 units. Suck It - Sativa Strawberry Lemonade Hard Candy 40-Pack (100mg) held steady at the second spot, showing consistent performance over the past three months. Suck It - Indica Blue Raspberry Hard Candy 40-Pack (100mg) ranked third, improving from its previous position in May. Suck It - CBD/THC/CBN 1:1:1 Pink Lemonade Hard Candy 40-Pack (100mg CBD, 100mg THC, 100mg CBN) remained fourth, reflecting stable sales figures. Chew It - Sativa Sour Cherry Limeade Gummies 40-Pack (100mg) re-entered the rankings in fifth place after not being listed in May, indicating a resurgence in popularity.
Top Selling Cannabis Brands
