Market Insights Snapshot
Starting with Massachusetts, Kosmik Brands has shown a steady presence in the Edible category with a consistent ranking of 71 in both September and October 2023. It's worth noting that the brand was not in the top 20 in July and August, suggesting a significant uptick in their performance during the fall season. This upward trend is further supported by a noticeable increase in sales from September to October.
Moving onto Missouri, Kosmik Brands has exhibited a robust performance in both the Beverage and Edible categories. In the Beverage category, the brand maintained a position within the top 10 from July to October 2023, peaking at rank 7 in September. Meanwhile, in the Edible category, the brand secured a strong hold in the top 5 throughout the same period. Despite slight fluctuations, their sales in the Edible category remained impressively high, indicating a solid demand for Kosmik Brands' products in this market.
In the edible category for Missouri, Kosmik Brands has shown a consistent performance maintaining its rank at 4th place from August to October 2023. Notably, it surpassed Zen Cannabis in August, which later climbed back to 5th place in October. However, Kosmik Brands has been outperformed by Smokiez Edibles and Wana, which have been alternating between the 1st and 2nd ranks. Interestingly, while ROBHOTS has been fluctuating between the 4th and 6th ranks, it has consistently reported lower sales than Kosmik Brands. This competitive landscape suggests that while Kosmik Brands has a strong foothold in the market, there is potential for growth and improvement in its ranking and sales.
In October 2023, Kosmik Brands' top-performing product was the Black Hole Orange Gummy 10-Pack (100mg), maintaining its position from the previous month with a sales figure of 1599 units. The Abyss Blue Gummies 10-Pack (2000mg) made a significant jump to the second spot from its fifth position in September 2023. The third spot was taken by Black Hole Red Gummies 10-Pack (1000mg), sliding down one position from the previous month. The Abyss Red Gummies 10-Pack (2000mg) climbed up to the fourth position in October from its unranked status in September. Finally, the Black Hole Green Gummies 10-Pack (1000mg) dropped to the fifth position from its unranked status in September.