.svg){kind=small}
Oct-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Coda Signature has demonstrated a notable performance trajectory in the Edible category within Colorado. Over the months from July to October 2024, the brand has shown fluctuations in their rankings, peaking at 14th position in September before dropping to 20th in October. This movement indicates a dynamic competitive landscape in the Edible sector, where Coda Signature has managed to remain within the top 30, a commendable feat given the market's volatility. The brand's sales figures reflect this variability, with a significant increase from July to September, followed by a decrease in October, suggesting potential seasonal trends or shifts in consumer preferences.
Interestingly, Coda Signature's absence from the top 30 rankings in any other states or categories could be viewed as both a challenge and an opportunity. While the brand has successfully cemented its presence in Colorado's Edible market, the lack of top 30 rankings elsewhere might indicate untapped potential or areas for strategic growth. This situation presents an intriguing opportunity for Coda Signature to leverage its strengths and possibly expand its footprint in other regions or categories. The brand's journey in the coming months will be pivotal as it navigates these opportunities and challenges in the evolving cannabis market landscape.
Competitive Landscape
In the competitive landscape of the Colorado edible market, Coda Signature has shown a dynamic shift in rankings over the past few months, indicating a fluctuating yet promising trajectory. In July 2024, Coda Signature was positioned at rank 22, but by September, it had climbed to rank 14, showcasing a significant improvement. However, by October, it slipped back to rank 20, suggesting a need for strategic adjustments to maintain upward momentum. This fluctuation contrasts with competitors like PAX, which demonstrated a more stable ascent, reaching as high as rank 13 in September before settling at 18 in October. Meanwhile, Canyon and NFuzed experienced a decline in rankings, with both dropping out of the top 20 by October. Despite these challenges, Coda Signature's sales peaked in September, surpassing those of Canyon and NFuzed, highlighting its potential to capture more market share if it can stabilize its ranking trajectory.
Notable Products
In October 2024, Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg) maintained its position as the top-performing product for Coda Signature, continuing its streak as the number one ranked product since July 2024, with sales reaching 1487 units. Toffee & Sea Salt Chocolate Bar 20-Pack (100mg) held steady at the second rank, consistently performing well since August 2024. The CBD/THC 1:1 Coffee & Doughnuts Milk Chocolate Bar 20-Pack (100mg CBD, 100mg THC) showed significant improvement, climbing to the third rank from an unranked position in September 2024. Maple & Pecan Milk Chocolate Bar 20-Pack (100mg) experienced a slight drop, moving from third to fourth place. Lastly, CBD:THC 1:1 Cream & Crumble White Chocolate Bar 20-Pack (100mg CBD, 100mg THC) remained stable at the fifth rank, showing consistent performance across the months.
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.
