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Apr-2024
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Overview
Market Insights Snapshot
In the competitive Nevada cannabis market, Stackhouse has shown notable performance in the Flower category, with a significant upward trend in its ranking over the first four months of 2024. Starting at the 20th position in January, Stackhouse improved its standing to 8th by April, a movement that not only highlights its growing popularity but also indicates a robust increase in sales, from $328,195 in January to $785,709 in April. This remarkable growth in both rank and sales underscores Stackhouse's solidifying presence in the Nevada market, particularly within the Flower category. However, the brand's initial absence from the top 30 in the Pre-Roll category until February suggests a slower start in this segment, though subsequent improvements in rankings from 61st in February to 29th in April demonstrate a promising catch-up.
On the other hand, Stackhouse's journey in the Pre-Roll category tells a story of resilience and potential. Not ranked in January, the brand made a significant leap into the rankings by February, albeit starting at 61st position. This late start might have put Stackhouse at a disadvantage, but the consistent month-over-month improvement, culminating in a 29th rank by April, reflects a determined effort to capture market share. The sales figures, though not explicitly detailed for the early months, saw an increase from $16,489 in February to $68,485 in April, suggesting that Stackhouse is gaining traction in this category as well. Despite the initial hiccup, the brand's progressive climb in the Pre-Roll category within the Nevada market is indicative of its growing appeal and consumer acceptance.
Competitive Landscape
In the competitive landscape of the Nevada flower market, Stackhouse has shown a remarkable trajectory in terms of rank and sales, despite initially not being in the top 20 brands in January 2024. By April 2024, Stackhouse climbed to the 8th position, showcasing significant growth and resilience. This rise is particularly notable when compared to its competitors. For instance, Nature's Chemistry maintained a steady presence in the top 10, ending at 6th place in April, slightly above Stackhouse. Meanwhile, Rythm saw fluctuations but remained a strong competitor, dropping to 7th place in April, just one spot above Stackhouse. High Heads and Savvy, both also fluctuated within the rankings but ended up in 10th and 9th places respectively, closely trailing Stackhouse. This competitive analysis highlights Stackhouse's upward momentum in a crowded market, suggesting a growing consumer preference and market share amidst stiff competition. The brand's ability to leapfrog several competitors in a short span indicates a strong market presence and potential for further growth.
Notable Products
In April 2024, Stackhouse saw Chimera Pre-Roll (1g) from the Pre-Roll category securing the top rank with notable sales figures amounting to 2347 units, marking a significant rise from its February position at rank 2. Following closely, Pink Runtz (14g) and HFCS (14g), both from the Flower category, clinched the second and third ranks respectively, showcasing their popularity despite not being ranked in the previous months. Sub Zero (14g), another Flower category product, landed at the fourth position, indicating a strong preference for Flower products in April's sales. Shake Shack Pre-Roll (1g) experienced a slight dip, moving from the third rank in March to the fifth rank in April, underscoring the dynamic shifts in consumer preferences within the Pre-Roll category.
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