Market Insights Snapshot
Chompd Edibles, a well-known cannabis brand, has been maintaining a steady position in the edibles category in the state of Oregon. The brand ranked 17th in the month of July 2023, slipped to 18th in August, regained its 17th position in September, and then slightly dropped to 19th in October. Although the brand didn't make it to the top 10, it's worth noting that they managed to stay within the top 20 brands for four consecutive months, indicating a stable presence in the market.
The sales performance of Chompd Edibles also shows interesting trends. In July 2023, the brand made sales of around 53,831 units, which increased to approximately 59,486 units in August. There was a slight dip in September, with sales dropping to around 55,026 units. However, a significant drop was observed in October, with sales falling to 43,456 units. This downward trend in sales towards the end of the period might be an area of concern for the brand. Despite this, Chompd Edibles' ability to maintain a consistent ranking in the top 20 brands in Oregon's edibles category demonstrates its resilience and popularity among consumers.
In the Oregon Edibles market, Chompd Edibles has been maintaining a consistent position within the top 20 brands. However, there has been a slight downward trend in its ranking from July to October 2023, moving from 17th to 19th place. This is indicative of increased competition, particularly from brands like Journeyman and Junk, which have shown significant improvements in their rankings over the same period. Journeyman, for instance, climbed from not being in the top 20 in July to 18th place by October, while Junk made an impressive leap from 27th to 17th place. On the other hand, brands like Concrete Jungle and Feel Goods have been fluctuating in their positions, but remain within the top 25. In terms of sales, Chompd Edibles experienced a slight decrease over the period, which could be attributed to the increased competition.
In October 2023, the top-performing product from Chompd Edibles was the Blue Raspberry & Rainbow Geek Gummy Bites 10-Pack (100mg), maintaining its number one rank from previous months. However, sales dipped to 591 units, a significant decrease from 1,104 units in September. The Berry Blast Rainbow Geek Bites Gummies 10-Pack (100mg) moved up to the second spot from third, with sales relatively stable at 585 units. The Tropical Rainbow Geek Gummies 10-Pack (100mg) dropped to the third rank from its previous second spot. Two new entrants to the top five were the Raspberry x Rainbow Chocolate Geek Bar 10-Pack (100mg) and Watermelon Gummy (100mg), ranking fourth and fifth respectively.