Nov-2024
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Overview
Market Insights Snapshot
In the state of Oregon, Peak Extracts has demonstrated a notable upward trend in the Tincture & Sublingual category. Over the span from August to November 2024, the brand has improved its ranking from 10th to 6th place. This consistent rise in rank, accompanied by a steady increase in sales figures, suggests a growing consumer preference and market penetration for their tincture products. This movement indicates a positive trajectory, reflecting effective strategies in product offerings or marketing within the state. However, the brand's absence from the top 30 in certain months for other categories may indicate areas that require further attention or development.
Conversely, in the Topical category in Oregon, Peak Extracts experienced fluctuations in its ranking. The brand held the 6th position in August 2024 but then dropped out of the top 30 for two consecutive months before returning to the 7th position in November. This inconsistency could point to challenges in maintaining a steady market presence in the Topical category, possibly due to increased competition or shifting consumer preferences. The variance in rankings highlights the competitive nature of the cannabis market in Oregon and suggests that while Peak Extracts is making strides in some areas, there are opportunities for growth and stabilization in others.
Competitive Landscape
In the Oregon Tincture & Sublingual category, Peak Extracts has shown a consistent upward trend in rankings from August to November 2024, moving from 10th to 6th place. This positive trajectory indicates a strengthening position in the market, despite strong competition. Notably, High Desert Pure experienced fluctuations, peaking at 3rd in October but dropping to 5th in November, suggesting potential volatility. Meanwhile, Siskiyou Sungrown improved its rank from 6th to 4th, showing robust sales growth, particularly in November. THClear Co also made significant strides, climbing from 13th to 9th. However, Bobsled Extracts saw a decline, dropping from 5th to 7th, which may have contributed to Peak Extracts' improved standing. These dynamics highlight Peak Extracts' ability to capitalize on market shifts and enhance its competitive edge.
Notable Products
In November 2024, the top-performing product from Peak Extracts was the Dragon Star x Jager THC Tincture, maintaining its leading position from October with sales of 249 units. The CBDTHC 1:1 AC/DC Purple Trainwreck Tincture also retained its second place ranking, showing a consistent upward trend in sales from 231 units in October to 235 in November. The Sativa Alpine Kush Tincture re-entered the rankings at third position, indicating a resurgence in popularity. The CBD/THC 2:1 Rescue Rub, a Topical product, held steady at fourth position, demonstrating a slight increase in sales from 197 units in October to 216 in November. Lastly, the CBD/THC 2:1 Nice Tsunami Tincture returned to the rankings in fifth place, showcasing a notable comeback with sales reaching 213 units 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.