Cormorant

Data Snapshot: Jun 11, 2024
Cormorant Cannabis Brand Logo
$100K+

May-2024

Sales

Strong Growth

Trend

6-Month

12

Product Count

SKUs

Cormorant

Overview

Markets

Cormorant Locations

Product Trends

Cormorant Categories

Cormorant Sales

Market Insights Snapshot

Cormorant Historical Sales by Category

In Washington, Cormorant has shown a steady upward trajectory in the Edible category over the past few months. Starting from 14th place in February 2024, the brand has climbed to 10th place by May 2024. This consistent improvement highlights a growing consumer preference and market penetration for Cormorant's products. The brand's sales figures also reflect this positive trend, with a notable increase from $196,442 in February to $269,112 in May, indicating robust demand and effective market strategies.

However, the performance of Cormorant in other states and categories remains less transparent, as the brand did not make it into the top 30 rankings. This absence can be seen as a challenge for Cormorant, suggesting that while the brand is gaining traction in Washington, it may need to reassess its strategies in other regions to achieve similar success. The lack of presence in the top 30 rankings in these areas could either indicate limited market entry or competition from more established brands.

May-2024 Rank
Edible
10
Cormorant

Competitive Landscape

In the highly competitive Washington edible cannabis market, Cormorant has shown a promising upward trend in rankings and sales over the past few months. Starting at rank 14 in February 2024, Cormorant climbed to rank 10 by May 2024. This consistent improvement indicates a growing consumer preference and effective marketing strategies. In comparison, Verdelux also showed positive movement, advancing from rank 13 to 11 within the same period. However, Swifts and Smokiez Edibles maintained higher ranks, consistently staying within the top 10, which suggests they still hold a significant market share. Mr. Moxey's remained relatively stable around the 11-12 rank range, indicating steady but not exceptional performance. Cormorant's rise in rank and sales, particularly against such well-established competitors, highlights its potential to become a top contender in the Washington edible cannabis market.

Cormorant market ranking for WA Edible

Cormorant

Notable Products

In May-2024, the top-performing product from Cormorant was Blueberry Sorbet (100mg THC, 4oz), which reclaimed the number one spot with sales reaching $10,616. Watermelon Sorbet (100mg THC, 4oz) climbed to the second position, showing significant improvement from its previous ranks. Strawberry Lemonade Sorbet Frozen (100mg THC, 4oz) dropped to third place after leading in April-2024. Mango Sorbet (100mg) maintained a steady performance, securing fourth place, while Tangerine Sorbet Frozen (100mg THC, 4oz) rounded out the top five. Notably, Blueberry Sorbet showed a consistent upward trend in sales, while other products experienced fluctuations in their rankings.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Blueberry Sorbet (100mg THC, 4oz)
Edible
1
4
2
1
Watermelon Sorbet (100mg THC, 4oz)
Edible
>5
>5
3
2
Strawberry Lemonade Sorbet Frozen (100mg THC, 4oz)
Edible
2
1
1
3
Mango Sorbert (100mg)
Edible
4
2
5
4
Tangerine Sorbet Frozen (100mg THC, 4oz)
Edible
3
3
4
5
View product & sales data

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