Hot Shotz

Data Snapshot: Jun 11, 2024
Hot Shotz Cannabis Brand Logo
$50K+

May-2024

Sales

Strong Growth

Trend

6-Month

9

Product Count

SKUs

Hot Shotz

Overview

Markets

Hot Shotz Locations

Product Trends

Hot Shotz Categories

Hot Shotz Sales

Market Insights Snapshot

Hot Shotz Historical Sales by Category

Hot Shotz has shown a consistent performance in the Beverage category within Washington. The brand maintained its 8th position from February through May 2024, indicating a stable presence in a competitive market. This consistency suggests that Hot Shotz has a loyal customer base and effective market strategies in place. Despite the steady rank, there was a notable increase in sales from February to April, peaking at approximately $75,067 in April before slightly dipping in May. This upward trend in sales, even with a slight decline in May, highlights the brand's ability to drive revenue growth over time.

However, it is important to note that Hot Shotz did not appear in the top 30 brands in any other state or category during this period. This could be seen as a limitation in their market reach or a potential area for growth. The absence from other rankings might indicate that the brand's influence is currently limited to Washington's Beverage category. For stakeholders and potential investors, this information could signify both a solid foothold in a specific market and an opportunity to expand into new territories or categories. Further analysis would be required to understand the underlying reasons for this regional concentration and to identify strategies for broader market penetration.

May-2024 Rank
Beverage
8
Hot Shotz

Competitive Landscape

In the Washington cannabis beverage market, Hot Shotz has maintained a consistent rank of 8th place from February to May 2024. This stability in ranking suggests a steady performance, but it also highlights the competitive pressure from brands like Agro Couture, which has held the 6th position consistently, and Constellation Cannabis, which has remained at 7th place. Notably, Sungaze has shown significant improvement, moving from 14th place in February to 10th place by May, indicating a potential threat to Hot Shotz's position if this trend continues. Meanwhile, Blaze Soda has also shown some upward movement, from 10th to 9th place, suggesting a competitive landscape where Hot Shotz must innovate and possibly increase its marketing efforts to maintain or improve its rank. The consistency in Hot Shotz's sales figures, despite the competitive environment, indicates a loyal customer base, but the brand must stay vigilant to the rising competition to avoid losing market share.

Hot Shotz market ranking for WA Beverage

Hot Shotz

Notable Products

In May-2024, the top-performing product for Hot Shotz was the CBD:THC 1:1 Watermelon Energy Drink (100mg CBD, 100mg THC), maintaining its first-place ranking consistently throughout the year with a sales figure of 2277 units. The Green Apple Energy Drink (100mg) moved up to second place from its previous third-place position in the earlier months. Blue Raspberry Energy Drink (100mg) dropped to third place from its consistent second-place ranking from February to April. The THC:CBN Huckleberriez Energy Drink (100mg THC, 5mg CBN, 2oz) remained steady in fourth place. Cherry Energy Drink (100mg) held its fifth-place ranking since March, showing stable performance.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
CBD:THC 1:1 Watermelon Energy Drink (100mg CBD, 100mg THC)
Beverage
1
1
1
1
Green Apple Energy Drink (100mg)
Beverage
3
3
3
2
Blue Raspberry Energy Drink (100mg)
Beverage
2
2
2
3
THC:CBN Huckleberriez Energy Drink (100mg THC, 5mg CBN, 2oz)
Beverage
4
4
4
4
Cherry Energy Drink (100mg)
Beverage
>5
5
5
5
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