Aug-2024
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Overview
Market Insights Snapshot
Galenas has shown a varied performance across different states and categories in recent months. In Michigan, the brand did not make it into the top 30 for the Flower category from June to August 2024, indicating a potential decline or stagnation in that market. This absence from the top rankings could be a concern for stakeholders focusing on Michigan, especially considering that they were ranked 67th in May 2024, suggesting a significant drop-off. While raw sales data for Michigan is not consistently available, the initial sales figure of $460,070 in May hints at a once-promising presence that might need strategic attention to regain its standing.
In contrast, Ohio tells a more resilient story for Galenas in the Flower category. Maintaining a steady presence in the top 20, Galenas ranked 17th in both May and June, dropped slightly to 19th in July, but bounced back to 16th in August 2024. This consistent ranking within the top 20 highlights a stable and potentially growing market share in Ohio. The sales trend also supports this stability, with a notable increase in August sales to $765,267, which marks a significant recovery from the lower figures in the preceding months. This upward trajectory in Ohio suggests that Galenas may be focusing efforts effectively in this state, potentially leveraging market-specific strategies to maintain and grow their presence.
Competitive Landscape
In the competitive landscape of the Ohio flower category, Galenas has shown fluctuating performance over the past few months. Despite a dip in rank to 19th place in July, Galenas rebounded to 16th place in August 2024, indicating a potential upward trend in sales. This recovery is notable when compared to other brands like &Shine, which saw a slight decline from 15th to 18th place in the same period. Meanwhile, Ozone re-entered the top 20 in August after being absent in previous months, ranking 17th. King City Gardens experienced a significant drop from 2nd place in June to 15th in August, which could signal a shift in consumer preferences or market dynamics. Meigs County Grown also saw a decline from 8th place in June to 14th in August. These shifts highlight the competitive volatility in the Ohio flower market, where Galenas' recent performance suggests it is well-positioned to capitalize on the changing landscape.
Notable Products
In August 2024, the top-performing product from Galenas was Hydra (2.83g) in the Flower category, securing the first rank with sales of $3,907. Gorilla Glue #1 Pre-Roll (1g) followed closely in the Pre-Roll category, ranking second. Han Solo Burger Pre-Roll (1g) maintained its strong performance, moving up to the second position from its third rank in June 2024. The Soap Pre-Roll (1g) held the third position, while Cookies n Chem (2.83g) in the Flower category rounded out the top five at fourth place. Notably, Hydra (2.83g) and The Soap Pre-Roll (1g) made their first appearances in the rankings 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.