Market Insights Snapshot
In the Nevada market, Remedy has shown a diverse presence across several categories. In the Capsules category, the brand maintained a steady position within the top 10 over July, August, and September 2023. However, there was no ranking data for October, indicating that the brand may not have secured a place in the top 20 for that month. In the Concentrates category, Remedy showed a significant improvement, moving from the 22nd position in July to 15th in August, although it slipped slightly in the following months. The brand's performance in the Flower category showed a downward trend, with its ranking falling from 18th in July to 32nd in October.
Remedy's performance in the Pre-Roll category demonstrated a significant fluctuation, with its ranking improving from 39th in July to 29th in August, but then dropping to 52nd in October. In the Tincture & Sublingual category, the brand held a position within the top 25 in July and August, but no ranking data was available for the subsequent months. In the Topical category, Remedy consistently ranked in the mid-teens from July to October. The brand's performance in the Vapor Pens category, however, was less consistent, with its ranking fluctuating within the top 55 over the four months. The overall sales trend for Remedy showed some decline, particularly in the Flower and Pre-Roll categories, but there were positive movements in the Concentrates category.
In the competitive landscape of the Flower category in Nevada, Remedy has experienced some fluctuations in its ranking. In July 2023, Remedy was ranked 18th, which was higher than Cookies, Grassroots, Tyson 2.0, and Savvy. However, by October 2023, Remedy's rank had dropped to 32nd, placing it below all these competitors except Tyson 2.0. This drop in rank indicates a decrease in sales relative to these competitors, although the exact figures are not provided. The data suggests that Remedy's market position in the Flower category in Nevada has been weakening over this period, with competitors like Cookies and Savvy improving their rankings and presumably their sales.
In October 2023, the top-performing product from Remedy was Chem D (3.5g) in the Flower category, improving its rank from 2nd in September to 1st, with sales reaching 2130 units. Following closely was Bio-Jesus (3.5g), also in the Flower category, which secured the 2nd rank with 1330 units sold, slipping from its previous 4th rank. Making a debut in the top ranks, Deadhead OG (1g) secured the 3rd position with sales of 1292 units. Also new to the top ranks, Cake Frosting Cured Resin Sugar (0.5g) from the Concentrates category landed the 4th spot, and Las Vegas Kush Cake (1g) rounded out the top 5. This analysis shows a dynamic market with shifting consumer preferences within the Flower category.