Market Insights Snapshot
In the competitive cannabis market of New York, Revert Cannabis New York has shown noteworthy performance in the Flower category, demonstrating a significant upward trend in their rankings and sales over the last four months. Starting in October 2023, they were ranked 7th, which was already a strong position. However, they experienced a slight dip in November and December, falling to 10th place, which might have raised concerns regarding their market hold. Despite this, they remarkably rebounded to the 5th position by January 2024, underlining their resilience and growing consumer preference. This improvement is mirrored in their sales figures, which surged from $316,343 in October 2023 to an impressive $481,715 by January 2024, indicating a robust recovery and increasing market share within the Flower category in New York.
Conversely, Revert Cannabis New York's journey in the Pre-Roll category tells a different story. Throughout the same period, their ranking consistently hovered around the 40th mark, indicating a struggle to capture a significant share of the Pre-Roll market in New York. This stagnation is evident from October 2023 to January 2024, where despite fluctuations in sales, their position remained largely unchanged at the bottom of the top 40 brands. This consistent positioning outside the top 20 highlights a potential area for growth or reevaluation of strategy within the Pre-Roll category. While their sales saw a slight increase from $21,319 in October 2023 to $18,702 in January 2024, the relatively minor fluctuations suggest a stable yet underwhelming performance in this segment, contrasting sharply with their success in the Flower category.
In the competitive landscape of the cannabis flower category in New York, Revert Cannabis New York has shown a notable upward trajectory in its market position, moving from 7th in October 2023 to 5th by January 2024. This rise in rank is particularly impressive given the competitive field, including FlowerHouse New York, which consistently held top spots but saw a slight decline from 1st to 3rd place in the same period. Another significant competitor, Nanticoke, maintained a strong performance, securing the 4th position by January 2024. Meanwhile, Florist Farms and Zizzle also demonstrated resilience in the market, with Florist Farms climbing to 6th and Zizzle maintaining a steady 7th position by January 2024. Revert Cannabis New York's upward movement in rank, despite the stiff competition, suggests a growing consumer preference and potential shifts in market dynamics, positioning it as a brand to watch in New York's cannabis flower market.
In January 2024, Revert Cannabis New York saw Pineapple Haze (3.5g) leading the sales chart with a significant figure of 1430 units, marking it as the top-selling product of the month. Following closely behind was Strawberry Amnesia (3.5g) in the second position, showcasing the popularity of Flower category products within their lineup. Wedding Cake (3.5g), a consistent performer, secured the third rank, dropping from its top position in December 2023, which indicates a shift in consumer preference. Baby Yoda (3.5g) and Sticky Buns (3.5g) also made it to the top five, ranking fourth and fifth respectively, with Sticky Buns showing a notable decline from its previous second rank in December. These rankings highlight dynamic consumer choices and the competitive nature of product performance within Revert Cannabis New York's offerings.