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Oct-2024
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Overview
Market Insights Snapshot
THClear Co has shown a notable performance in the Oregon market, particularly within the Tincture & Sublingual category. Over the past few months, the brand has consistently maintained a presence in the top rankings, even reaching the 9th position in September 2024. This upward movement from 13th in July and August to 9th in September, before settling at 11th in October, indicates a strong and growing acceptance of their products in the Oregon market. The brand's ability to climb the rankings within this category suggests a successful strategy in appealing to consumers' preferences in this region.
Despite not being in the top 30 in other states or categories, THClear Co's performance in Oregon is a positive sign of its potential. The increase in sales from July to October, with a notable jump in September, underscores the brand's growing popularity and effectiveness in capturing market share. However, the absence of rankings in other states could be seen as a missed opportunity for expansion, or it might reflect a strategic focus on strengthening their position in Oregon. This concentrated effort could be laying the groundwork for future growth in other regions, but it remains to be seen how the brand will leverage its current success for broader market penetration.
Competitive Landscape
In the competitive landscape of the Tincture & Sublingual category in Oregon, THClear Co has shown a promising upward trend in sales, particularly from August to October 2024, where sales increased significantly. This growth has helped THClear Co improve its rank from 13th in August to 9th in September, although it slightly dipped to 11th in October. Despite this fluctuation, THClear Co's sales trajectory suggests a positive momentum. In comparison, Peak Extracts maintained a consistent rank around 12th, but their sales saw a decline from August to October. Meanwhile, Luminous Botanicals held a steady 10th rank with stable sales, indicating a strong market presence. Bobsled Extracts experienced more volatility in rank and sales, dropping from 9th in August to 13th by October. Crown B Alchemy consistently outperformed THClear Co, maintaining a top 8 position with robust sales figures. These dynamics highlight the competitive nature of the market, where THClear Co is gaining ground but faces strong competition from established brands.
Notable Products
In October 2024, THClear Co's top-performing product was the CBD Pineapple Syrup Tincture (100mg CBD) in the Tincture & Sublingual category, maintaining its number one ranking for four consecutive months. This product achieved a notable sales figure of 646 units in October, reflecting a steady increase from previous months. The consistent top performance underscores its popularity and strong market presence. Other products in the lineup did not surpass this leading tincture in terms of sales or ranking. The stability in rankings from July through October indicates a strong customer preference for this particular product.
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.
