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Jun-2024
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Overview
Market Insights Snapshot
Hustler's Ambition has shown notable performance across various categories and states, particularly in Nevada. In the Flower category, the brand has experienced significant upward movement, climbing from rank 31 in March 2024 to a peak of rank 12 in May 2024, before settling at rank 18 in June 2024. This indicates a strong and growing presence in the Flower market, though the slight dip in June suggests some fluctuation. The brand's sales figures in this category also reflect this trend, with a substantial increase from $251,171 in March to $547,699 in May, before decreasing to $288,791 in June.
In the Pre-Roll category, Hustler's Ambition has also made impressive strides in Nevada. Starting outside the top 30 in March, the brand moved to rank 31 in April and continued its ascent to rank 17 in May, although it dropped to rank 27 in June. This movement suggests a growing but volatile market position in the Pre-Roll segment. Despite the fluctuations, the sales figures show a positive trend, with sales increasing from $29,520 in March to $136,148 in May, before a slight decline to $67,820 in June. The brand's ability to break into the top 30 and maintain a presence highlights its potential for future growth in this category.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Hustler's Ambition has shown notable fluctuations in rank and sales over the past few months. Starting from a lower position at 31st in March 2024, Hustler's Ambition made a significant leap to 19th in April and further climbed to 12th in May, before dropping to 18th in June. This volatility indicates a dynamic market presence and potential for growth. Comparatively, Virtue Las Vegas experienced a decline, moving from 8th in March to 20th in June, suggesting a loss in market share. Meanwhile, Kynd Cannabis Company maintained a relatively stable position, hovering around the 17th to 18th ranks, which could imply consistent customer loyalty. Green Life Productions also saw a downward trend, slipping from 13th in March to 19th in June. The entry of &Shine into the top 20 in June at 16th further intensifies the competition. These shifts highlight the competitive pressures and opportunities for Hustler's Ambition to capitalize on its upward momentum and address the challenges posed by established and emerging brands in the Nevada flower market.
Notable Products
In June 2024, the top-performing product for Hustler's Ambition was Rainbow Runtz Pre-Roll (1g), which secured the number one spot with notable sales of $3,492. Tiramisu Pre-Roll (1g) followed closely in second place, while Mochi Gelato Pre-Roll (1g) ranked third. Pick & Roll Pre-Roll (1g) and Apple Tartz (14g) rounded out the top five in fourth and fifth place, respectively. Compared to previous months, Rainbow Runtz Pre-Roll (1g) improved from second to first place, while Tiramisu Pre-Roll (1g) moved up from third to second. Mochi Gelato Pre-Roll (1g) experienced a slight drop from first to third place, indicating a shift in consumer preferences.
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