Pacific Wave

Data Snapshot: Jun 11, 2024
Pacific Wave Cannabis Brand Logo
<$50K

May-2024

Sales

Strong Growth

Trend

6-Month

62

Product Count

SKUs

Pacific Wave

Overview

Markets

Pacific Wave Locations

Product Trends

Pacific Wave Categories

Pacific Wave Sales

Market Insights Snapshot

Pacific Wave Historical Sales by Category

Pacific Wave has shown a consistent upward trajectory in the Oregon market, particularly in the Edible category. Starting from a rank of 24 in February 2024, the brand has steadily climbed to the 21st position by May 2024. This positive movement is indicative of growing consumer acceptance and possibly effective marketing strategies. However, it's worth noting that despite the progress, Pacific Wave still remains outside the top 20 brands in this category, suggesting there is room for improvement to compete with leading brands.

While the performance in Oregon is promising, the absence of Pacific Wave in the top 30 brands in other states and categories could be seen as a significant area for concern. This gap might indicate a need for the brand to diversify its product offerings or to enhance its market penetration strategies in other states. The steady increase in sales figures in Oregon, from $27,526 in February to $42,878 in May, highlights the potential for growth if similar strategies are applied elsewhere.

May-2024 Rank
Edible
21
Pacific Wave

Competitive Landscape

In the Oregon Edible category, Pacific Wave has shown a notable upward trend in its rankings over the past few months, moving from 24th place in February 2024 to 21st place by May 2024. This positive shift in rank is indicative of growing consumer interest and increasing sales, which rose from 27,526 in February to 42,878 in May. In contrast, Concrete Jungle maintained a relatively stable position around the 18th and 19th ranks, while Mellow Vibes (formerly Head Trip) experienced a decline, dropping out of the top 20 by May 2024. Additionally, Chompd Edibles fluctuated but remained within the top 20, and Retreats held steady at the 23rd rank. These dynamics suggest that Pacific Wave is gaining a competitive edge in the market, potentially at the expense of brands like Mellow Vibes and Concrete Jungle, which have seen either declines or stagnation in their rankings and sales.

Pacific Wave market ranking for OR Edible

Pacific Wave

Notable Products

In May-2024, the top-performing product for Pacific Wave was Strawberry Giggly Gummy (50mg) in the Edible category, securing the first rank with sales of $622. Mango Giggly Gummy (100mg) followed closely in second place, showing a significant rise from its previous fifth rank in March-2024. Red Raspberry Giggly Gummy (100mg) ranked third, making its first appearance in the top rankings. Green Apple Giggly Gummy (50mg) and Strawberry Banana Giggly Gummy (50mg) both tied for the fourth position, marking their debut in the rankings. This shift indicates a growing popularity of the Giggly Gummy product line, especially in the Edible category.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Strawberry Giggly Gummy (50mg)
Edible
>5
>5
4
1
Mango Giggly Gummy (100mg)
Edible
4
5
>5
2
Red Raspberry Giggly Gummy (100mg)
Edible
>5
>5
>5
3
Green Apple Giggly Gummy (50mg)
Edible
>5
>5
>5
4
Strawberry Banana Giggly Gummy (50mg)
Edible
>5
>5
>5
5
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