Reaching #1 in Market Share for Cannabis-Infused Chocolate Edibles for Adult-Use in Colorado
DENVER, CO – September 25, 2018 – Coda Signature, a leading manufacturer of premium, cannabis-infused edibles, topicals and concentrates for medicinal and adult-use, today announced that the brand has reached number one in market share for infused, adult-use chocolates, according to BDS Analytics, the cannabis market research firm.
Based in Denver and Trinidad, Colorado the company has been manufacturing award-winning products since March of 2016. “We are thrilled that in just 10 quarters, we have gone from a small, regional start-up to Colorado’s leading infused-chocolate brand for adult-use,” commented Co-Founder and CEO, Mark Grindeland. “We are truly appreciative of the support from all of the dispensaries, consumers and the cannabis community.”
Today, Coda Signature produces 31 skus including distinctive truffles and chocolate bars, soothing salves and bath bombs, and purely extracted concentrates. Earlier this year, the company extended its artisan craftsmanship into a full line of medicinal edibles. “We are deeply committed to elevating the quality of products available to both the adult-use and medicinal market, and we are delighted to see our strategy gaining traction,” explained Elizabeth Cooke, Co-Founder and President, Coda Signature.
The chocolate edibles category is thriving according to Liz Stahura, President, Co-Founder BDS Analytics, Inc. “With 18% growth year over year, the adult-use chocolate category is growing quickly. Today, chocolate bars represent 74% of the dollars spent in that category.” Coda Signature produces 3 of the top 10 selling chocolate bars in the state. The number one favorite chocolate bar is Coffee & Doughnuts. Cream & Crumble and Maple & Pecan are also in the top 10.
Coda Signature products are available today in 540 dispensaries in Colorado and the company continues to expand. According to Sara Becker from Rocky Road Vail, “Coda Signature has raised the industry standard and expectation of what it means to be an amazing cannabis business. They have always provided impeccable vendor relations, unique and outstanding packaging and an unprecedented approach to crafting cannabis. From their delectable chocolates and truffles, high quality CO2 extracted oils, to their luxury line of topicals – we truly love all things Coda Signature!”
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About Coda Signature
Coda Signature crafts premium cannabis-infused edibles, topicals and concentrates for medicinal and adult-use markets. Recognized as a leading innovator in product development, Coda Signature features bold flavor combinations and rejuvenating formulas made from only the highest-quality, natural ingredients. Founded in 2015, the company’s award-winning products are currently available in over 600 dispensaries across Colorado and will be coming to California in early 2019. To learn more, visit www.codasignature.com.
