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Jun-2024
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Overview
Market Insights Snapshot
Nature's Chemistry has shown consistent performance in the Nevada market, particularly in the Flower category. Over the past four months, the brand has maintained a stable ranking, holding positions 7.0 in March, May, and June, and slightly improving to 6.0 in April. This indicates a steady demand for their Flower products, despite a minor dip in sales from April to June. The stability in ranking suggests that Nature's Chemistry has a solid foothold in this category within Nevada, even as sales figures fluctuate.
In contrast, the Pre-Roll category has seen more variability for Nature's Chemistry in Nevada. The brand's ranking dropped from 11.0 in March to 18.0 by June, showing a downward trend. This decline in rank, coupled with a decrease in sales from April to June, indicates potential challenges in maintaining market share in the Pre-Roll segment. The fact that Nature's Chemistry did not appear in the top 30 brands in Nevada for Pre-Rolls in June could be viewed as a concerning sign. This variability underscores the competitive nature of the Pre-Roll market and the need for strategic adjustments to regain and sustain higher rankings.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Nature's Chemistry has maintained a relatively stable rank, holding the 7th position in March, May, and June 2024, and slightly improving to 6th in April 2024. This consistency contrasts with the more volatile rankings of competitors such as BaM / Body and Mind, which saw a dramatic rise from 45th in April to 8th in June 2024, and CAMP (NV), which fluctuated between 4th and 9th place over the same period. Rythm has been a strong contender, consistently ranking within the top 7 and even securing the 4th position in March 2024. Despite these fluctuations among competitors, Nature's Chemistry's steady ranking reflects a stable market presence, although its sales have shown a slight downward trend from April to June 2024. This stability in rank, despite the sales decline, suggests a loyal customer base but also highlights the need for strategic initiatives to boost sales and capitalize on market opportunities. For a deeper dive into these trends and more detailed data, consider exploring advanced analytics.
Notable Products
In June 2024, the top-performing product from Nature's Chemistry was Garlic Cookies (3.5g) in the Flower category, maintaining its number one rank from May with sales of 2911.0 units. Garlic Cookies Pre-Roll (1g) held steady in second place in the Pre-Roll category, although its sales dropped to 2063.0 units. Onion Ring (3.5g) re-entered the rankings at third place in the Flower category, showing a significant decrease in sales from previous months. Ghost Train Haze Pre-Roll (1g) climbed back to fourth place in the Pre-Roll category, despite a decline in sales to 1112.0 units. Notably, Pineapple Fanta (3.5g) debuted in fifth place in the Flower category, indicating growing interest in this new product.
Top Selling Cannabis Brands
