Coda Signature

Data Snapshot: May 05, 2024
Coda Signature Cannabis Brand Logo
$50K+

Apr-2024

Sales

Decline

Trend

6-Month

22

Product Count

SKUs

Coda Signature

Overview

Coda Signature is a highly acclaimed cannabis brand, recognised for its luxurious handcrafted THC and CBD infused edibles including chocolates and confections, plus a line of bath products. Known for its continual innovation, it has received noteworthy industry accolades such as 'Best New Edible' in the High Times Cannabis Cup 2016 for its Crescendo product, and achieved substantial financial milestones such as a $24.4 M Series A funding. The brand's expansion into topicals, concentrates, and microdose variations further illustrates its commitment to diversifying its high-quality cannabis offerings.
Markets

Coda Signature Locations

Product Trends

Coda Signature Categories

Coda Signature Sales

Market Insights Snapshot

Coda Signature Historical Sales by Category

In the edible category, Coda Signature has shown a varied performance across different states, with notable movements that merit attention. In Colorado, the brand maintained a presence in the top 30 from January to April 2024, albeit with a declining rank, moving from 11th in January to 22nd in April. This downward trend in ranking is paralleled by a significant decrease in sales, from $166,170 in January to $60,254 in April, indicating a potential challenge in maintaining market share amidst competitive pressures. Conversely, in Massachusetts, Coda Signature struggled to break into the top 50, ranking 54th and 56th in January and February respectively, with no rank in the subsequent months, which could reflect either a strategic withdrawal or an area for growth. Meanwhile, in Ohio, the brand made a single appearance at 31st in January, with no further data available, suggesting a potential entry point or a need for increased focus.

The performance of Coda Signature across these states highlights the brand's varying degrees of success and challenges in the edible category. The consistent presence in the Colorado market, despite a drop in both rank and sales, suggests a solid foothold that could be leveraged for a rebound. However, the lack of sustained rank in Massachusetts and the brief appearance in Ohio point to areas where the brand could either be facing significant challenges or, conversely, where there are opportunities for growth and increased market penetration. These insights into Coda Signature's performance provide a glimpse into the brand's standing in a competitive landscape, yet further analysis would be required to fully understand the strategic moves behind these trends.

Apr-2024 Rank
Edible
22
Coda Signature

Competitive Landscape

In the competitive landscape of the edible category in Colorado, Coda Signature has experienced a notable shift in its market position from January to April 2024. Initially ranked 11th in January, Coda Signature saw a decline to 14th in February, eventually dropping out of the top 20 by March and April, indicating a significant decrease in sales and market share. This trend contrasts with its competitors, such as Canyon, which maintained a stable presence within the top 20, even improving its rank slightly from 19th to 20th over the same period. Similarly, Binske and Koala Edibles (fka Koala Bars) showed resilience by staying within the top 23, with Binske moving up to 21st by April and Koala Edibles fluctuating but remaining in the competitive landscape. In contrast, Dutch Girl faced challenges similar to Coda Signature, falling outside of the top 20 by April. This dynamic indicates a challenging environment for Coda Signature, as it not only contends with maintaining its rank and sales but also with navigating the competitive pressures from both stable and fluctuating competitors in the Colorado edibles market.

Coda Signature market ranking for CO Edible

Coda Signature

Notable Products

In April 2024, Coda Signature saw the Cream & Crumble White Chocolate Bar 20-Pack (100mg) rise to the top of their sales chart, marking a significant shift as it moved up from the second position in previous months, with sales figures reaching 1907 units. Following closely was the Maple & Pecan Milk Chocolate Bar 20-Pack (100mg), which also moved up one rank from the previous month to secure the second spot. Notably, the Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg), which had consistently held the number one spot from January to March, dropped to third place in April. The Salt & Nibs Dark Chocolate Bar 20-Pack (100mg) maintained a steady performance, moving up to the fourth rank, showcasing a consistent demand for diverse flavors. Lastly, the introduction of the CBD/THC 1:1 Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg CBD, 100mg THC) to the market saw it entering the rankings at fifth place, indicating a growing interest in CBD/THC balanced products.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Cream & Crumble White Chocolate Bar 20-Pack (100mg)
Edible
2
2
2
1
Maple & Pecan Milk Chocolate Bar 20-Pack (100mg)
Edible
4
3
3
2
Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg)
Edible
1
1
1
3
Salt & Nibs Dark Chocolate Bar 20-Pack (100mg)
Edible
5
5
5
4
CBD/THC 1:1 Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg CBD, 100mg THC)
Edible
>5
>5
4
5
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