Silver Lake

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

May-2024

Sales

Neutral

Trend

6-Month

29

Product Count

SKUs

Silver Lake

Overview

Markets

Silver Lake Locations

Product Trends

Silver Lake Categories

Silver Lake Sales

Market Insights Snapshot

Silver Lake Historical Sales by Category

Silver Lake has shown a notable performance in the Flower category across various states, particularly in Colorado. In this state, the brand maintained a steady 6th place ranking in both February and March of 2024, before climbing to 5th place in April. However, May saw a significant drop to the 18th position, indicating potential market fluctuations or increased competition. Despite this drop, the brand experienced consistent sales growth from February to April, with sales peaking at $1,133,978 in April before falling to $436,222 in May. This suggests that while Silver Lake was able to capture market share effectively early in the year, maintaining that momentum proved challenging.

It is important to note that Silver Lake's presence in the top 30 rankings was only recorded in Colorado, suggesting that the brand may not have achieved similar success in other states or provinces. This absence from the top rankings in other regions could be seen as a limitation or an area for potential growth. The stark drop in Colorado's rankings in May also highlights the volatility of the cannabis market and the need for adaptive strategies to sustain brand performance. Further analysis could provide deeper insights into the factors influencing these shifts and the strategies Silver Lake might employ to stabilize and expand its market presence.

May-2024 Rank
Flower
18
Silver Lake

Competitive Landscape

In the competitive landscape of the Flower category in Colorado, Silver Lake experienced notable fluctuations in rank and sales from February to May 2024. Initially holding a strong position at rank 6 in February and March, Silver Lake climbed to rank 5 in April but saw a significant drop to rank 18 in May. This decline coincides with the rise of competitors such as Equinox Gardens, which improved its rank from 25 in February to 16 in May, and 14er Gardens, which maintained a strong presence, peaking at rank 13 in April before dropping to 20 in May. Additionally, Billo consistently performed well, fluctuating between ranks 13 and 22. The competitive pressure from these brands likely contributed to Silver Lake's dramatic rank change, highlighting the dynamic nature of the market and the need for strategic adjustments to regain its leading position.

Silver Lake market ranking for CO Flower

Silver Lake

Notable Products

In May-2024, Fruity Pebbles (Bulk) from Silver Lake took the top spot with a sales figure of $20,819. Orange Push Pop (Bulk), which previously held the number one position for three consecutive months, dropped to second place. LA Kush Cake (Bulk) maintained its third place ranking from April-2024. Tangilope (Bulk) re-entered the rankings at fourth place after being unranked for two months. Lemon Pound Cake (Bulk) remained consistently at fifth place, mirroring its position from April-2024.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Fruity Pebbles (Bulk)
Flower
2
>5
2
1
Orange Push Pop (Bulk)
Flower
1
1
1
2
LA Kush Cake (Bulk)
Flower
>5
3
3
3
Tangilope (Bulk)
Flower
4
>5
>5
4
Lemon Pound Cake (Bulk)
Flower
>5
2
5
5
View product & sales data

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