Space Gem

Data Snapshot: May 05, 2024
Space Gem Cannabis Brand Logo
$100K+

Apr-2024

Sales

Growth

Trend

6-Month

21

Product Count

SKUs

Space Gem

Overview

Space Gem is a California-based brand specializing in THC-infused edibles, notably praised for their potent and uniquely fruity ice water hash gummies. Born out of the home kitchen of its founder, Wendy Baker, the company focuses on delivering a superior full-spectrum experience while adhering to environmentally-friendly practices, notably in an industry grappling with issues related to packaging. This Humboldt brand, which kicked off in 2013, has carved a niche for itself in the cannabis market with quality products and an emphasis on sustainability.
Markets

Space Gem Locations

Product Trends

Space Gem Categories

Space Gem Sales

Market Insights Snapshot

Space Gem Historical Sales by Category

In the competitive cannabis market of California, Space Gem has shown a consistent performance within the edibles category, maintaining its position in the low twenties over the first four months of 2024. Specifically, the brand ranked 22nd in January, experienced a slight drop to 23rd in February, but then improved its standing to 21st in both March and April. This upward movement, despite being modest, indicates a positive trend in Space Gem's market presence in California. Notably, their sales in March 2024 saw a significant increase to 294,716 dollars, which not only demonstrates the brand's resilience but also suggests growing consumer acceptance and preference within a highly competitive landscape.

However, the fluctuation in Space Gem's rankings from January to April, while not drastic, does highlight the challenges faced by cannabis brands in maintaining or improving their market positions. The slight drop in February, followed by a recovery in the subsequent months, could be attributed to various factors including marketing efforts, consumer trends, or even changes in product availability. For stakeholders and observers, these movements are crucial as they reflect the brand's adaptability and potential strategies to enhance its appeal and market share. Although Space Gem has not broken into the top 20 in California's edible category as of April 2024, its consistent presence in the rankings and the ability to recover from a dip in February are noteworthy. The brand's journey and strategies in navigating the competitive California market will be interesting to follow in the coming months.

Apr-2024 Rank
Edible
21
Space Gem

Competitive Landscape

In the competitive landscape of the edible cannabis market in California, Space Gem has shown a fluctuating yet promising performance. Initially ranking 22nd in January 2024, it experienced a slight dip in February, falling to 23rd, before climbing back up to 21st in March and maintaining a 21st position in April. This trajectory indicates a resilience and potential for growth amidst stiff competition. Notably, Space Gem's competitors, such as Dixie Elixirs, Kushy Punch, and Big Pete's Treats, have shown varying degrees of performance, with Big Pete's Treats notably outperforming Space Gem in April by securing the 20th position. Terra, another key competitor, has consistently held higher ranks and demonstrated stronger sales, maintaining positions well above Space Gem throughout the observed period. This competitive analysis underscores the dynamic nature of the cannabis edibles market in California and highlights the need for Space Gem to leverage its upward trajectory and close the gap with its competitors.

Space Gem market ranking for CA Edible

Space Gem

Notable Products

In April 2024, Space Gem's top product was Sour SpaceDrops Gummies 10-Pack (100mg) with a leading sales figure of 6242 units, maintaining its number one rank consistently from January to April. Following closely, Sweet SpaceDrops Gummies 10-Pack (100mg) held its second position in the rankings across the same period, showcasing stable popularity. The third spot was secured by Sour Assorted Gummy Drops 10-Pack (100mg), which also did not change its ranking from the beginning of the year. CBD/THC 1:1 SpaceDrops Ice Water Hash Gummies 10-Pack (50mg CBD, 50mg THC) remained in fourth place, indicating a steady demand for balanced CBD/THC products among consumers. Notably, Sweet Gems Gummies 10-Pack (100mg) entered the rankings in April at the fifth position, marking its first appearance and suggesting a growing interest in new product offerings from Space Gem.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Sour SpaceDrops Gummies 10-Pack (100mg)
Edible
1
1
1
1
Sweet SpaceDrops Gummies 10-Pack (100mg)
Edible
2
2
2
2
Sour Assorted Gummy Drops 10-Pack (100mg)
Edible
3
3
3
3
CBD/THC 1:1 SpaceDrops Ice Water Hash Gummies 10-Pack (50mg CBD, 50mg THC)
Edible
4
4
4
4
Sweet Gems Gummies 10-Pack (100mg)
Edible
>5
>5
>5
5
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