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Nov-2024
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Overview
Market Insights Snapshot
Panna Extracts has experienced notable fluctuations in its performance across different product categories in Nevada. In the Concentrates category, the brand saw a significant jump in October 2024, reaching the 15th rank, only to drop to the 23rd position by November. This suggests a temporary peak, possibly driven by a specific marketing campaign or product launch. In contrast, the Pre-Roll category shows more stability, with Panna Extracts maintaining a consistent presence within the top 20 brands, achieving its best rank of 19 in both September and November. This consistency might indicate a steady consumer base and effective product offerings in this segment.
In the Vapor Pens category, Panna Extracts faced challenges as it hovered near the bottom of the top 30 rankings, even dropping out of the top 30 in October. This indicates potential struggles in a competitive market or issues with product differentiation. Despite these challenges, the brand managed to climb back to the 24th position in November, which might suggest a recovery or adjustment in their strategy. Overall, Panna Extracts' varied performance across categories highlights the dynamic nature of the cannabis market in Nevada, with each category presenting unique opportunities and challenges for the brand.
Competitive Landscape
In the competitive landscape of vapor pens in Nevada, Panna Extracts has experienced notable fluctuations in its market position over recent months. Starting from a rank of 23rd in August 2024, Panna Extracts saw a decline to 29th by October, before recovering slightly to 24th in November. This volatility in rank is mirrored in its sales performance, which dropped significantly from August to October before rebounding in November. Meanwhile, competitors like Bonanza Cannabis Company have shown more consistent performance, maintaining a steady climb from 27th to 22nd over the same period, indicating a more stable market presence. Similarly, Beboe has improved its rank from 33rd to 26th, suggesting an upward trajectory in sales. The re-entry of Packwoods into the top 20 in November, after being absent in October, further intensifies competition. These dynamics suggest that while Panna Extracts has the potential to regain its footing, the brand must address the factors contributing to its recent sales decline to compete effectively with these rising competitors.
Notable Products
In November 2024, the top-performing product from Panna Extracts was the Blueberry OG Live Resin Cartridge (0.5g) in the Vapor Pens category, which rose to the first position from not being ranked in October, achieving sales of 804 units. The Candy Apple Distillate Cartridge (0.5g) followed closely in second place, maintaining a strong presence despite dropping from the top spot it held in August and September. The Banana Mimosa Cured Resin Cartridge (0.5g) secured the third position, showing a consistent performance after being absent in October. Watermelon Kush Cured Resin Cartridge (0.5g) advanced to fourth place, making a notable entry after missing from the October rankings. Lastly, the Apple Pie Infused Pre-Roll (1g) emerged as a new entrant in the fifth position, highlighting a diverse product range within the brand's offerings.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
