The Funnies Gummies

Data Snapshot: May 04, 2024
The Funnies Gummies Cannabis Brand Logo
$100K+

Apr-2024

Sales

Decline

Trend

6-Month

28

Product Count

SKUs

The Funnies Gummies

Overview

Markets

The Funnies Gummies Locations

Product Trends

The Funnies Gummies Categories

The Funnies Gummies Sales

Market Insights Snapshot

The Funnies Gummies Historical Sales by Category

In the competitive edible category within Illinois, The Funnies Gummies has shown a notable, albeit slightly downward, trajectory in its rankings over the first four months of 2024. Beginning the year at 9th place in January, the brand experienced a slight dip to 10th in February, followed by a more pronounced slide to 13th in both March and April. This pattern suggests a gradual decline in its standing within the top-tier edible brands in Illinois, potentially indicative of increasing competition or shifts in consumer preferences within the state. Despite this downward trend in rankings, it's important to highlight that The Funnies Gummies managed to maintain a position within the top 15, underscoring its resilience and continued relevance in the market.

From a sales perspective, The Funnies Gummies experienced a consistent decrease in monthly revenue from January to April 2024, starting the year with a notable $536,545 in sales. This sequential decline in revenue, aligning with its slipping rankings, paints a picture of the challenges faced by the brand in sustaining its market share amidst a dynamic competitive landscape. However, the fact that The Funnies Gummies remained within the top 15 throughout this period suggests a solid core of consumer loyalty and a potentially strong brand foundation on which to build. The brand's performance trajectory in Illinois, marked by both its resilience and the areas of struggle, offers valuable insights into its market positioning and the strategic considerations it may need to address moving forward.

Apr-2024 Rank
Edible
13
The Funnies Gummies

Competitive Landscape

In the competitive landscape of the edible cannabis market in Illinois, The Funnies Gummies has experienced a notable shift in its position. Starting off strong in January 2024 as the 9th ranked brand, it saw a slight improvement in February moving up to 10th, before experiencing a decline in March and April, ending up at the 13th position. This fluctuation in rank is indicative of the intense competition within the sector, particularly from brands like Daze Off, which climbed from 12th to 9th place by April, showcasing a significant upward trend in both rank and sales. Conversely, Nature's Grace and Wellness and Aeriz have shown more stability, maintaining positions within the middle of the pack but not overtaking The Funnies Gummies in rank. FloraCal Farms remained lower in rank but displayed resilience in sales figures. The shifting dynamics underscore the competitive pressures faced by The Funnies Gummies, highlighting the importance of strategic marketing and product innovation to maintain or improve its market position amidst these challenges.

The Funnies Gummies market ranking for IL Edible

The Funnies Gummies

Notable Products

In April 2024, The Funnies Gummies saw Sour Blue Raspberry Gummies (50mg) as their top-selling product, with a notable sales figure of 5439.0 units. Following closely, the CBD/CBG/THC 1:1:1 Tangerine Sangria Gummies 10-Pack (50mg CBD, 50mg CBG, 50mg THC) ranked second, a slight drop from its top position in March. The CBD/THC 1:1 Very Cherry Gummies 10-Pack (50mg CBD, 50mg THC) maintained a consistent performance, securing the third spot, similar to its March ranking. Sour Blue Raspberry Gummies 10-Pack (50mg) and THC/CBD/CBG 2:1:1 Grapezzz Gummies 20-Pack (100mg THC, 50mg CBN, 50mg CBG) rounded out the top five, marking their first appearance in the top rankings in April. These shifts indicate a dynamic consumer preference within The Funnies Gummies' product range, with the Sour Blue Raspberry flavor particularly gaining popularity.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Sour Blue Raspberry Gummies (50mg)
Edible
>5
>5
>5
1
CBD/CBG/THC 1:1:1 Tangerine Sangria Gummies 10-Pack (50mg CBD, 50mg CBG, 50mg THC)
Edible
5
3
1
2
CBD/THC 1:1 Very Cherry Gummies 10-Pack (50mg CBD, 50mg THC)
Edible
3
2
3
3
Sour Blue Raspberry Gummies 10-Pack (50mg)
Edible
>5
>5
4
4
THC/CBD/CBG 2:1:1 Grapezzz Gummies 20-Pack (100mg THC, 50mg CBN, 50mg CBG)
Edible
>5
>5
5
5
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