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Jun-2024
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Overview
Market Insights Snapshot
Evergreen Organix has shown a noticeable trend in the Edible category within Nevada. Starting from a rank of 16 in March 2024, the brand has experienced a gradual decline, moving to 17 in April, 21 in May, and finally 23 in June. This downward trajectory suggests challenges in maintaining its market position amidst increasing competition or possibly shifts in consumer preferences. Despite this, the brand's sales figures indicate a consistent presence in the market, although there has been a steady decrease from March to June.
It is important to note that Evergreen Organix did not make it into the top 30 brands in other states and categories for the months observed, which could be seen as a potential area for improvement or expansion. The lack of presence in other markets might indicate a regional focus or limited distribution capabilities. Observing how Evergreen Organix adapts its strategy in the coming months will be crucial for understanding its long-term performance and market adaptability.
Competitive Landscape
In the Nevada edible cannabis market, Evergreen Organix has experienced notable fluctuations in its rank and sales over recent months. Starting at rank 16 in March 2024, the brand saw a steady decline, dropping to rank 23 by June 2024. This downward trend is accompanied by a significant decrease in sales, from $99,226 in March to $45,654 in June. In comparison, Cheeba Chews maintained a relatively stable position around rank 24-25, while Just Edibles hovered around rank 21-23, showing more consistency. Meanwhile, Tyson 2.0 also experienced a slight decline but remained ahead of Evergreen Organix, ranking at 21 in June. The competitive landscape indicates that Evergreen Organix needs to address its declining performance to regain its standing in the market, especially as other brands like Vert are showing signs of improvement, moving up to rank 25 in June from rank 29 in March.
Notable Products
In June 2024, Evergreen Organix's top-performing product was the Milk Chocolate Bar 10-Pack (100mg), maintaining its number one rank from May 2024 with sales of 327 units. The Chunk Chocolate Brownie 10-Pack (100mg) held steady at the second position, though its sales figures decreased compared to previous months. The Fruity Cereal Treat 10-Pack (100mg) climbed to third place, showing a slight improvement from its fifth-place ranking in May 2024. The Peanut Butter Cookie (100mg) and Pretzel Bites 10-Pack (100mg) tied for fourth place, with the latter making its first appearance in the rankings. Overall, the rankings indicate a consistent preference for chocolate-based edibles among consumers.
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