Market Insights Snapshot
In the Massachusetts market, Good Feels Inc has been exhibiting a consistent presence in the top 10 brands for the Beverage category, despite a slight drop in ranking from July to October 2023. Their performance seems to be slightly fluctuating, with a peak in July (ranked 10th) and a slight dip in September (ranked 7th), before stabilizing again in October (ranked 8th). It's noteworthy that even though their ranking has seen a bit of movement, they have managed to remain within the top 10, indicating a strong foothold in the market.
On the other hand, in the Tincture & Sublingual category, Good Feels Inc has experienced a more stable performance, consistently ranking within the top 15 brands. Their ranking oscillated between 13th and 11th place from July to October 2023. Interestingly, despite a dip in sales in September, their ranking improved in October, indicating a potential increase in market share. It's important to note that while they are not in the top 10 for this category, they are still performing relatively well and maintaining a steady presence in the competitive Massachusetts market.
In the Massachusetts Beverage category, Good Feels Inc has shown a positive trend, improving their rank from 10th in July 2023 to 8th in October 2023. This upward movement outpaces Vibations, who slipped from 9th to 10th over the same period. However, Good Feels Inc has been outperformed by Pine + Star who climbed from 11th to 6th. The brand also trails behind Wynk, who maintained a higher rank throughout the period, despite a slight drop from 6th to 7th. Notably absent from the top 20 in this category and state is CQ (Cannabis Quencher), who managed to climb from 12th to 9th. While Good Feels Inc is improving, the competitive landscape in Massachusetts is dynamic and the brand will need to continue its upward trajectory to gain more market share.
In October 2023, the top-performing product from Good Feels Inc. was the 'CBD/THC 2:3 Flavorless Beverage Enhancer', consistently holding the top rank since July. It sold 670 units in October, a decrease from previous months. The 'CBD/THC 2:3 Blood Orange Seltzer' jumped from rank 5 in September to rank 2, with a notable increase in sales. The 'CBD/THC 2:3 Lemon Lime Beverage Enhancer' maintained a steady performance, securing the third rank. The 'CBD/THC 2:3 Raspberry Beverage Enhancer' entered the top five in September and held the fourth rank in October, while the 'CBD/THC 2:3 Raspberry Apple Seltzer' dropped from rank 2 to 5.