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Oct-2024
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Overview
Market Insights Snapshot
Peak Extracts has demonstrated a steady presence in the Tincture & Sublingual category within Oregon. Over the months from July to October 2024, the brand maintained a consistent rank, fluctuating slightly but staying mostly around the 11th to 12th position. This stability suggests that while there may be room for growth, Peak Extracts has established a reliable consumer base in this category. Interestingly, the sales figures for October show a dip compared to previous months, which could indicate either a seasonal trend or increased competition. This is an area worth monitoring to see if the brand can regain its earlier momentum.
In contrast, Peak Extracts' performance in the Topical category within Oregon is less clear, as they only appeared in the rankings during July 2024, securing the 7th position. The absence from the rankings in subsequent months could be seen as a negative signal, possibly indicating a decline in market presence or increased competition pushing them out of the top 30. This suggests that while Peak Extracts has the potential to perform well in the Topical category, there may be challenges that need addressing to maintain a competitive edge. Further analysis would be beneficial to understand the dynamics at play in this category and to identify opportunities for Peak Extracts to capitalize on.
Competitive Landscape
In the Oregon Tincture & Sublingual category, Peak Extracts has maintained a steady presence, consistently ranking around 11th to 12th place from July to October 2024. Despite a slight dip in sales from August to October, Peak Extracts has shown resilience in maintaining its rank. Competitors such as Luminous Botanicals and THClear Co have demonstrated stronger sales growth, with Luminous Botanicals consistently ranking higher at 10th place and THClear Co improving its rank from 13th to 9th in September before settling at 11th in October. Meanwhile, Bobsled Extracts experienced fluctuations, dropping from 9th in August to 13th by October, indicating potential volatility in their market position. The consistent ranking of Peak Extracts amidst these shifts suggests a stable customer base, though the brand may need to strategize to boost sales and improve its competitive standing against these rising brands.
Notable Products
In October 2024, the top-performing product for Peak Extracts was the CBDTHC 1:1 AC/DC Purple Trainwreck Tincture with sales reaching 236 units, reclaiming the number one rank from its previous second position in September. The Mini Dark Chocolate Bar emerged as a strong contender, securing the second rank, though it did not have a recorded rank in earlier months. The High CBD Sour Pineapple Tincture, which led in September, dropped to third place in October. The CBD/THC 2:1 Rescue Rub (100mg CBD, 50mg THC, 1oz) improved to fourth place from its previous absence in September. Finally, the CBD/THC 2:1 Rescue Rub (200mg CBD, 100mg THC, 2oz) maintained a consistent fifth position for the month.
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.
