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Aug-2024
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Overview
Market Insights Snapshot
Remidose has shown notable performance in the Tincture & Sublingual category, particularly in Ohio. Starting from a position outside the top 30 brands in May 2024, Remidose made a significant leap to rank 9th in June, improving further to 8th in July, and reaching 5th place in August. This upward trajectory indicates a strong and growing presence in the Ohio market, suggesting that the brand's strategies are resonating well with consumers. The substantial increase in sales from June to July, specifically from $14,428 to $45,142, underscores the brand's rapid growth and market penetration.
However, the performance of Remidose in other states and categories remains less clear due to the absence of ranking data. This could be interpreted as a potential area for improvement or expansion, as the brand did not make it into the top 30 in those regions and categories for the given months. Monitoring their strategies and market entry plans in these areas could provide further insights into their overall growth potential and competitive positioning. The brand's success in Ohio may serve as a blueprint for scaling their presence in other markets.
Competitive Landscape
In the Ohio Tincture & Sublingual category, Remidose has shown significant fluctuations in its ranking over the past few months, which has implications for its market position and sales trajectory. After not being in the top 20 in May 2024, Remidose climbed to 9th place in June, 8th in July, and achieved an impressive 5th place in August. This upward trend in rank is mirrored by a substantial increase in sales, particularly notable in August where sales surged to 45,142 units. In contrast, competitors like Standard Farms and Tinctible have experienced more stable but less dramatic changes in rank and sales. For instance, Avexia maintained a strong presence, consistently ranking in the top 6, and saw a significant sales spike in August. Meanwhile, Butterfly Effect - Grow Ohio also demonstrated strong performance, although it dropped out of the top 20 in July. These dynamics suggest that while Remidose is gaining momentum, it faces stiff competition from established brands that have maintained more consistent performance.
Notable Products
In August 2024, the top-performing product from Remidose was Pomegranate Sublingual Oral Spray (500mg) in the Tincture & Sublingual category, reclaiming the number one rank with sales of 485 units. Berry Sublingual Oral Spray (500mg) closely followed in second place, maintaining a consistent upward trend from previous months. Grape Sublingual Oral Spray (500mg), which had been the top seller in June and July, dropped to third place. Strawberry Sublingual Oral Spray (500mg) held steady in fourth place despite a slight decline in sales. Pomegranate Sublingual Spray (550mg) remained in fifth position, showing gradual improvement in its sales figures over the last few 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.
