Market Insights Snapshot
In the edible category, Good Tide has shown consistent performance in some states while making significant strides in others. Particularly in California and Oregon, the brand has maintained a steady ranking in the top 10 from August to November 2023, indicating a stable market presence. Notably, Colorado also shows a stable trend, with Good Tide ranking within the top 10. However, it's worth noting that in Washington, the brand was not in the top 20 in August and September, but made a significant leap to rank 15th in November.
On the other hand, Good Tide's performance in Michigan demonstrates a remarkable upward trajectory. The brand was not in the top 20 in August, but by September it had surged to the 15th position and maintained a similar ranking through November. This indicates a potential growth opportunity for Good Tide in the Michigan market. It's also worth mentioning that despite some fluctuation, the sales numbers generally show a positive trend in most states. However, the specific sales data will provide more detailed insights into the brand's performance and growth potential.
Good Tide, a cannabis brand in the Edible category based in California, has shown a consistent performance in the market, maintaining its 8th rank from August to November 2023. When compared to its competitors, Good Tide's sales trend seems to be more stable than Highatus, which has shown a slight decline in sales. Meanwhile, Smokiez Edibles and Emerald Sky have managed to keep their sales relatively steady, but they still rank lower than Good Tide. The brand Plus has consistently outperformed Good Tide in terms of sales, maintaining a higher rank. However, it's important to note that none of these brands have shown drastic changes in their ranks or sales, indicating a stable competitive landscape for Good Tide in the California Edible category.
In November 2023, Good Tide's top-performing product was the Pineapple Solventless Hash Rosin Gummies 10-Pack (100mg) in the Edible category, which maintained its top rank from previous months and achieved remarkable sales of 42,734 units. The second-best performer was the Guava Solventless Hash Rosin Gummies 10-Pack (100mg), also in the Edible category, maintaining its second position consistently. The third spot was held by Indica Mango Solventless Hash Rosin Gummies 10-Pack (100mg), keeping its rank steady from previous months. The fourth place was taken by Pineapple Solventless Hash Rosin High Dose Gummies 10-Pack (200mg), improving its position from fifth in August 2023. Lastly, the Mango Hash Rosin Gummies 10-Pack (100mg) dropped to the fifth position in November, after not being ranked in the two preceding months.