Market Insights Snapshot
Looking at the data for Panda (MO), it's clear that this brand has been performing consistently well in the Edible category in Missouri. For the months of August, September, October, and November in 2023, Panda (MO) has maintained a steady rank within the top 10 brands, specifically holding onto the 7th position for the last three months. This consistency suggests a strong foothold in the market and a loyal customer base. In terms of sales, there's been an upward trend observed over these months, indicating a growing demand for Panda (MO) edibles.
However, it's worth noting that despite the increase in sales, Panda (MO) has not managed to improve its ranking within the top 20 brands in the Edible category. This could suggest a highly competitive market in Missouri, with other brands also experiencing growth and maintaining their positions. Without additional data, it's difficult to make further assumptions, but it's an interesting trend that's worth keeping an eye on for anyone interested in the performance of cannabis brands in this state and category.
In the Missouri Edible category, Panda (MO) has shown a consistent upward trend in sales from August to November 2023, despite a slight fluctuation in rank. The brand started at rank 8 in August, moved up to rank 7 in September and October, and maintained that position in November. In comparison, ROBHOTS and Kosmik Brands have higher ranks but their sales have been decreasing over the same period. Good Day Farm has been experiencing a similar trend, with a drop in rank from 5 in August to 8 in November, along with a decrease in sales. Honeybee, although ranked lower than Panda (MO), showed an increase in sales from September to November, despite a drop in rank from 7 in August to 9 in November. This indicates that while Panda (MO) is not the top-ranked brand, it is showing a positive trend in sales, unlike some of its higher-ranked competitors.
In November 2023, Panda (MO)'s top-selling product was the CBD/THC 1:1 Raspberry Limeade Gummies 20-Pack (100mg CBD, 100mg THC) with 3102 units sold. This product maintained its top position from October. The second best-seller was the Sativa Mango Punch Feco Fruit Gummies 20-Pack (100mg), jumping from fifth place in October. The Indica Mixed Berry FECO Gummies 20-Pack (500mg) dropped to third place, while the Strawberry Lemonade FECO Gummies 20-Pack (100mg) held steady at fourth. The Sativa Watermelon Agave Gummies 20-Pack (300mg) slipped from fourth to fifth place.