Market Insights Snapshot
In the Nevada market, NLVO / North Las Vegas Organics has shown a notable performance in various categories. In the Concentrates category, the brand has maintained a steady presence in the top 10, moving from rank 10 in July to a consistent rank 5 in September and October. This indicates a strong demand for their concentrates. However, in the Flower category, the brand has shown significant improvement, skyrocketing from rank 90 in July to rank 15 in October. This is a remarkable upward movement that signifies increased popularity and market acceptance for NLVO's flower products.
When it comes to Pre-Rolls, NLVO / North Las Vegas Organics has managed to stay within the top 21 brands in Nevada, peaking at rank 10 in September before slightly dropping to rank 14 in October. This shows a stable performance in this category. In contrast, the brand's Vapor Pens have seen some fluctuations in rankings, moving from rank 39 in July to rank 28 in October with a peak at rank 21 in September. Despite the fluctuations, the brand's presence in the top 40 brands for Vapor Pens over these months shows that they still hold a competitive position in this category.
In the Nevada flower market, NLVO / North Las Vegas Organics has shown a remarkable improvement in its competitive position. From a rank of 90 in July 2023, NLVO has steadily climbed to a rank of 15 by October 2023. This upward trend in rank is mirrored by a consistent increase in sales over the same period, indicating a growing consumer preference for the brand. In comparison, BaM / Body and Mind has maintained a relatively stable rank but with a slight decrease in sales. Green Life Productions has seen a significant improvement in rank, moving from 32 to 16, and a corresponding increase in sales. Summa Cannabis has seen a slight drop in rank from 9 to 13, with sales also decreasing over the period. Lastly, Find. has seen a drop in rank from 6 to 14, with sales decreasing significantly. These changes in the competitive landscape suggest a shift in consumer preferences, with NLVO / North Las Vegas Organics emerging as a strong contender in the Nevada flower market.
In October 2023, the top-performing product for NLVO / North Las Vegas Organics was the 'White Miso Pre-Roll (1g)', maintaining its position from the previous month. The 'Blueberry Pie Pre-Roll (1g)' ranked second, dropping one spot from September. A new entrant in the top ranks was 'Chemical Cookies (14g)' in the Flower category, securing the third position with sales of 3324 units. The 'Chemical Cookies Pre-Roll (1g)' fell to fourth place from its previous month's third rank. Rounding out the top five was the 'Garlic & Bananas Live Badder (1g)' from the Concentrates category.