Market Insights Snapshot
Evergreen Organix, a cannabis brand known for its quality and consistency, has shown varied performance across categories and states. In the edible category within Nevada, the brand has seen a steady decline in its ranking from July to October 2023, moving from 13th to 17th position. This downward trend could be attributed to a decrease in sales over this period. However, it's important to note that despite the decline, Evergreen Organix still remains within the top 20 brands in the state, indicating a strong market presence and consumer base.
In the topical category, also within Nevada, Evergreen Organix has maintained a fairly stable position, ranking 12th for three consecutive months before dropping slightly to 13th in October 2023. This slight shift might be due to fluctuating sales figures. Meanwhile, in the edible category within Washington, the brand's performance has been less consistent. With rankings fluctuating outside the top 20, the brand seems to face more competition in this state and category. These movements across states and categories provide valuable insights into the brand's performance and market dynamics.
In the Nevada edible cannabis market, Evergreen Organix has seen a slight decline in its ranking over the period from July to October 2023. Starting at a respectable 13th place, it has slipped to 17th by October, indicating a potential decrease in market share. This is in contrast to Deep Roots Harvest and QualCan, both of which have improved their rankings significantly during the same period, with Deep Roots Harvest jumping from 26th to 18th and QualCan from 30th to 19th. Smokiez Edibles has maintained a relatively stable position, while BITS has managed to climb from 20th to 15th. The shifts in these rankings suggest a highly competitive market, with Evergreen Organix needing to strategize effectively to regain its earlier position.
In October 2023, Evergreen Organix's top-performing product was the Cookies & Cream White Chocolate Bar 10-Pack (100mg), with sales reaching 546 units. This product moved up in rankings from 5th in July and 3rd in August to 1st in October. The second best-seller was the Milk Chocolate Crunch Bar (100mg), followed by the Tutti Frutti Gummies 10-Pack (100mg). The latter held a consistent rank, maintaining 3rd place since August. Rounding out the top five in October were the Espresso Dark Chocolate Bar 10-Pack (100mg) and the Caramel Pretzel Milk Chocolate Bar (100mg), ranking 4th and 5th respectively.