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Jun-2024
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Overview
Market Insights Snapshot
The Greenery Hash Factory has shown a solid performance in the Concentrates category in Colorado over the past few months. Starting from a rank of 31 in March 2024, the brand has steadily improved its position, moving up to rank 27 in April, 26 in May, and 23 in June. This upward trajectory indicates a positive reception and growing market presence in the state. However, it is worth noting that they did not make it into the top 30 brands in March, which could be seen as a slow start for the year.
Despite the fluctuations in monthly sales figures, The Greenery Hash Factory has managed to maintain its momentum. For instance, sales peaked in April 2024 at $114,114, followed by a slight dip in May and a more significant drop in June. This pattern suggests that while the brand is gaining popularity, it may face challenges in sustaining consistent sales growth. The absence of the brand in the top 30 rankings in other states or provinces could indicate a need for strategic expansion efforts beyond Colorado.
Competitive Landscape
The Greenery Hash Factory has shown a steady improvement in its ranking within the Colorado concentrates market over the past few months, moving from 31st place in March 2024 to 23rd place by June 2024. This upward trend indicates a positive reception and growing market presence. In comparison, Apothecary Extracts experienced fluctuating ranks, starting at 22nd in March, dropping out of the top 20 in subsequent months, and then rebounding to 21st in June. Similarly, Kayak Cannabis and Billo have seen inconsistent rankings, with Kayak Cannabis peaking at 24th in May before falling to 25th in June, and Billo remaining mostly outside the top 20. Notably, Dablogic showed a significant rise to 9th place in April but could not maintain this position, dropping to 22nd by June. These fluctuations among competitors highlight The Greenery Hash Factory's relatively stable and improving performance, suggesting a competitive edge in maintaining customer loyalty and increasing market share.
Notable Products
In June 2024, the top-performing product for The Greenery Hash Factory was Lebanese Indica Hash (1g), which saw a significant increase in sales to 400 units, securing the number one spot. Sativa Moroccan Hash (1g) moved up to the second position with consistent growth over the past months. Sativa Lebanese Hash (1g), which had been leading the rankings earlier, fell to third place. Indica Moroccan Hash (1g) maintained its fourth position, showing steady sales figures. Notably, Moroccan Hash (1g) entered the rankings for the first time in June 2024, debuting at fifth place.
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