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Jun-2024
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Overview
Market Insights Snapshot
Tinctible has shown a consistent performance in the Ohio market within the Topical category over the past few months. Starting from a ranking of 7 in March 2024, the brand improved its position to 6 in April and has maintained this rank through May and June. This stability in ranking indicates a solid foothold in the Ohio market. The sales figures also reflect a positive trend, with a notable increase from $47,954 in March to $67,023 in April, although there was a slight dip in May before stabilizing in June. This trend suggests that Tinctible's products are resonating well with consumers in Ohio, maintaining a strong presence in the top 10 brands.
Despite Tinctible's strong performance in Ohio, the brand's absence from the top 30 rankings in other states or provinces could be seen as a potential area for improvement. Not being listed in the top 30 in other regions implies that Tinctible either has a limited market presence or faces significant competition elsewhere. For example, while the brand is thriving in Ohio, its lack of visibility in states like California or Colorado could indicate missed opportunities or challenges in market penetration. These insights could be crucial for stakeholders looking to understand Tinctible's market dynamics and potential areas for growth.
Competitive Landscape
In the Ohio topical cannabis market, Tinctible has shown consistent performance, maintaining its 6th place rank from April to June 2024. Despite a notable increase in sales from March to April, Tinctible's position has been stable, indicating steady competition. Doctor Solomon's, a leading competitor, experienced a decline in rank from 2nd to 4th place over the same period, which may suggest potential market share opportunities for Tinctible. Meanwhile, The Standard and Main Street Health have shown fluctuating ranks, with The Standard not even making it into the top 20 in March. This volatility among competitors highlights Tinctible's relative stability and potential for growth in a competitive market. For a more detailed analysis and advanced data, consider exploring additional insights.
Notable Products
In June 2024, the top-performing product for Tinctible was Squeeze In - CBD/THC 1:1 Watermelon Spark Gel 11-Pack (110mg CBD, 110mg THC) with consistent ranking at number 1 and sales of 856 units. Squeeze In - THC/CBN 3:1 Blueberry Lavender Sleep Gel 11-Pack (110mg THC, 33mg CBN) held the second position, maintaining its rank from the previous month. Squeeze In - CBD/CBG/THC 1:1:2 Blue Raspberry Sweet Relief Gel 11-Pack (55mg CBD, 55mg CBG, and 110mg THC) consistently ranked third across all months. Squeeze In - Island Punch Gel 11-Pack (330mg) remained in fourth place since its introduction in May 2024. Squeeze In - THC Strawberry Elderflower Gel 11-Pack (330mg THC) dropped from fourth to fifth place in June 2024.
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