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Dec-2024
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Overview
Market Insights Snapshot
Coda Signature has shown a fluctuating performance in the Colorado edibles market over the last few months. Starting in September 2024, the brand was ranked 17th, but experienced a slight dip in October, dropping to the 20th position. By November, Coda Signature managed to climb back to the 17th spot, only to fall again to 21st in December. Despite these ups and downs, the brand's sales figures reveal a positive trend, with December sales reaching $108,259, indicating a recovery from the October slump. This suggests that while Coda Signature faces competition, it remains a resilient player in the edibles category.
It is noteworthy that Coda Signature did not appear in the top 30 rankings in any other states or categories beyond the Colorado edibles market during this period. This absence could be seen as a potential area for growth or a limitation in market presence outside of Colorado. The brand's ability to maintain a presence in the top rankings in Colorado, despite the competitive landscape, highlights its strong foothold in this specific market. However, the lack of broader geographical reach or category diversification might be a strategic consideration for the brand moving forward.
Competitive Landscape
In the competitive landscape of the edible cannabis market in Colorado, Coda Signature has experienced fluctuations in its rankings over the last few months of 2024, indicating a dynamic and competitive environment. In September, Coda Signature was ranked 17th, but by December, it had slipped to 21st, suggesting a need to reassess its market strategies. Notably, NFuzed maintained a relatively stable position, hovering around the 16th to 20th rank, which may have contributed to Coda Signature's challenges in maintaining a higher rank. Meanwhile, Dablogic showed an upward trend, improving its rank from 22nd in September to 19th by December, potentially capturing market share from Coda Signature. Additionally, Bonanza Cannabis Company and Spinello Cannabis Co. have shown varying performances, with Bonanza Cannabis Company re-entering the top 20 in December. These shifts highlight the importance for Coda Signature to innovate and adapt to maintain its competitive edge in the Colorado edibles market.
Notable Products
In December 2024, the top-performing product from Coda Signature was the Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg), maintaining its first-place rank for the fourth consecutive month with impressive sales of 1915 units. The Toffee & Sea Salt Chocolate Bar 20-Pack (100mg) climbed back to the second position after dropping to fourth in November, showing a notable increase in sales figures. Cream & Crumble White Chocolate Bar 20-Pack (100mg) secured the third position, experiencing a slight decline from its second-place rank in November. The Maple & Pecan Milk Chocolate Bar 20-Pack (100mg) held steady in fourth place, showing consistent performance over the last two months. Meanwhile, the CBD/THC 1:1 Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg CBD, 100mg THC) re-entered the rankings at fifth, marking its return after being unranked in November.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
