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Aug-2024
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Overview
Market Insights Snapshot
Good Feels Inc has shown a consistent performance in the Beverage category in Massachusetts. The brand has maintained the number one rank from May 2024 through August 2024, which indicates a strong market presence and consumer preference. This stability at the top of the rankings is a positive indicator of brand loyalty and effective market strategies. For example, their sales have seen a steady increase from $265,294 in May to $333,237 in August, reflecting a growing demand for their products. This upward trend suggests that Good Feels Inc is successfully expanding its consumer base and possibly introducing new products or promotions that resonate well with customers.
However, it's important to note that Good Feels Inc does not appear in the top 30 brands in any other state or category for the same period. This absence could be seen as a limitation in their market reach or an area for potential growth. While their dominance in Massachusetts is commendable, the lack of presence in other states might indicate a need for geographical expansion or diversification in product offerings. This gap presents both a challenge and an opportunity for Good Feels Inc to explore new markets and categories to replicate their success beyond Massachusetts.
Competitive Landscape
In the Massachusetts beverage category, Good Feels Inc has maintained a consistent top rank from May to August 2024, reflecting strong market dominance and steady sales growth. This stability is particularly notable given the competitive pressure from brands like Levia and Hi5 Seltzer. Levia, which held the second position in June, saw a slight dip to third in July and August, indicating fluctuating consumer preferences. Meanwhile, Hi5 Seltzer has shown a significant upward trend, climbing from fourth in May to a solid second place by July and August. These shifts suggest that while Good Feels Inc remains the leader, competitors are closing the gap, which could impact future rankings and necessitate strategic adjustments to maintain their lead.
Notable Products
In August 2024, the top-performing product for Good Feels Inc was Good Vibez- Unflavored Syrup (500mg THC, 30ml, 1oz) with notable sales of 2088 units, maintaining its number one rank from May and June. Good Vibez- Watermelon Fast Acting Syrup (500mg THC, 30ml, 1oz) closely followed in second place, having previously held the top spot in July. Good Vibez- Grape Syrup (500mg) rose to third place, up from fifth in July, indicating a significant increase in popularity. Good Vibez- Strawberry Syrup (500mg THC, 30ml, 1oz) dropped to fourth place after ranking second in July. Lastly, Good Vibez Plus- CBD/THC 1:1 Balance Unflavored Syrup (500mg CBD, 500mg THC, 30ml) entered the rankings again at fifth place, showcasing a resurgence in August.
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.
