Rave

Data Snapshot: Jun 11, 2024
Rave Cannabis Brand Logo
$100K+

May-2024

Sales

Strong Growth

Trend

6-Month

44

Product Count

SKUs

Rave

Overview

Markets

Rave Locations

Product Trends

Rave Categories

Rave Sales

Market Insights Snapshot

Rave Historical Sales by Category

Rave has shown consistent performance in the Concentrates category across multiple states, with particularly strong results in Massachusetts. Over the past few months, Rave has maintained a solid position, ranking 4th consistently from March to May 2024. This stability indicates a robust market presence and consumer loyalty in the state. The brand's upward trajectory in sales, from $111,130 in February to $245,322 in May, underscores its growing popularity and effective market strategies. However, it's important to note that Rave did not appear in the top 30 brands in some states and categories, which could be a potential area for improvement.

While Rave's performance in Massachusetts is commendable, their absence from the top 30 in other states and categories suggests a need for a more targeted approach to these markets. This discrepancy might highlight regional preferences or competitive pressures that Rave needs to address. By analyzing the market dynamics and consumer behavior in these areas, Rave can potentially replicate its success in Massachusetts elsewhere. Overall, the brand's performance in the Concentrates category in Massachusetts serves as a benchmark for its potential in other regions.

May-2024 Rank
Concentrates
4
Rave

Competitive Landscape

In the Massachusetts concentrates category, Rave has shown a consistent performance, maintaining its rank at 4th place from March to May 2024. This stability is notable given the competitive landscape. For instance, Good Chemistry Nurseries has held a strong position at 2nd place, while Nature's Heritage has fluctuated slightly but remains a close competitor, consistently ranking 3rd. Meanwhile, Harbor House Collective has seen some variability, moving between 5th and 6th place, which could indicate potential opportunities for Rave to further solidify its market position. Additionally, Fox Tales has shown significant improvement, jumping from 18th to 6th place over the same period, suggesting a dynamic market environment. Rave's steady rank amidst these shifts highlights its resilience and potential for growth in a competitive market.

Rave market ranking for MA Concentrates

Rave

Notable Products

In May-2024, the top-performing product for Rave was So F'n Gassy Wax (1g) in the Concentrates category, which climbed to the number one spot with sales of $780. Z Face Badder (1g) secured the second position, showing strong performance despite not being ranked in the previous months. Gelato Live Badder (1g) moved up to third place from its fourth position in April-2024, indicating a steady increase in popularity. Sour Face Shatter (1g), which was the top product in April-2024, dropped to fourth place in May-2024. Gas Tank Shatter (1g) entered the rankings in fourth place, demonstrating a competitive market among Rave's Concentrates.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
So F'n Gassy Wax (1g)
Concentrates
>5
>5
3
1
Z Face Badder (1g)
Concentrates
>5
>5
>5
2
Gelato Live Badder (1g)
Concentrates
>5
>5
4
3
Gas Tank Shatter (1g)
Concentrates
>5
>5
>5
4
Sour Face Shatter (1g)
Concentrates
>5
3
1
4
View product & sales data

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