Market Insights Snapshot
In Nevada, Greenway Medical has been making impressive strides in the Flower category over the recent months. From not being in the top 20 in May, the brand has consistently improved its ranking, landing at 19th place in August. This upward trend is reflected in their sales figures too, which have almost doubled from May to August. Despite not providing the exact sales numbers, it's safe to say that Greenway Medical's performance in the Flower category is a notable success story in the Nevada market.
On the other hand, the brand's performance in the Pre-Roll category appears to be less stellar in Nevada. Greenway Medical has been hovering outside the top 20, with rankings in the 70s over the past few months. While they've made a slight improvement from 74th in July to 70th in August, the brand has yet to break into the top tier in this category. Sales in this category have also seen minor fluctuations, but without a significant upward trend. It's clear that the Pre-Roll category is an area where Greenway Medical could focus more efforts.
In the Nevada Flower category, Greenway Medical has shown a significant improvement in ranking over the past few months, moving from 46th place in May 2023 to 19th place in August 2023. This upward trend suggests a growing market presence and increased sales, although specific numbers are not disclosed here. In comparison, Virtue Las Vegas has maintained a relatively stable rank, hovering just outside the top 20. The Grower Circle and Remedy have also remained in the top 20, with The Grower Circle showing a slight decline and Remedy showing a slight increase in ranking. Fleur, however, has seen a notable drop in rank, moving from 10th place in June 2023 to 20th place in August 2023. These shifts in ranking among competitors highlight the dynamic nature of the Nevada Flower market and the potential for Greenway Medical to continue its upward trajectory.
In August 2023, the top-performing product from Greenway Medical was 'Jungle Pie (3.5g)', selling a total of 1288 units. The 'Soap (3.5g)' product ranked second, despite having been the top seller in July; its sales decreased significantly from 3010 units in July to 1265 in August. The 'Dosi Punch (3.5g)' product consistently performed well, maintaining its position in the top three over the past three months. 'Divorce Cake (3.5g)' also showed steady performance, holding the fourth position for four consecutive months. The 'Divorce Cake Pre-Roll (1g)' made its first appearance in the rankings in August, securing the fifth position with 959 units sold.